Supply chains have been subject to unprecedented volatility and extraordinary pressures leading to business continuity problems and some cases collapse. Most industries have been affected with the extreme impact felt by the retail, automotive, health care and pharmaceutical industries. Massive changes in energy and especially oil and gas are setting to continue supply chain risk well into the future.
A recent report by McKinnsey & Co. suggested there is a common theme at the heart of these problems—"the lack of robust processes to identify and successfully manage growing supply-chain risks as the world becomes more interconnected. New threats, such as cyber-ransom attacks, are emerging alongside more traditional and longer-acknowledged supplier risks, such as supplier bankruptcy” by Tucker Bailey, Edward Barriball, Arnav Dey, and Ali Sankur, March 2019
Globalization has exacerbated the issues and the challenge for supply-chain risk management and procurement has become self-evident. Those who are involved with supply must develop their skills and competences in this vital element of their role.
Strategic Procurement Manager, Senior Category Manager, Supply Chain Manager, Head of Logistics and Operations Manager.
Senior Buyer, Chief Buyer, Category Manager, Contract Manager, Contract Officer, Logistics Manager and Supply Chain Executive.
As we will be referring to case studies during the course it is important to read these before attending.
Training will be facilitated through a mixture of tutor lead discussions and syndicate work, particular reference to the case study provided in advance. Post training delegates will receive handbook highlighting the key models, tools and techniques refer to during the sessions
Delegates would benefit from access to calculators and Microsoft Excel for use in day 2
3 Days ( 24 hrs.)
The indicative content supplied below have been broken down into a series of two-hour sessions, whilst each session is timed at 2 hours this is minimum and overruns should be expected depending on the level of interactivity and time to complete the exercises.
On completion delegates should:
Session 1 (2 hours)
Analyse the main risks that can impact on supply chains
Session 2 (2 hours)
Analyse the main methods for eliminating corruption and fraud in supply chains
Session 3 (2 hours)
Analyse the main operational risks in supply chains
Evaluate the main risks in supply chains that can impact on organisational corporate social responsibility and sustainability standards
Standards for sustainable procurement (including the United Nations (UN), International Labour Organization (ILO), and the Ethical Trading Initiative (ETI) standards)
Session 4 (2 hours)
Analyse the use of contractual remedies for managing risks in supply chains
Session 5 (2 hours)
Analyse the use of outsourced third parties in risk management in supply chains
Evaluate the use of insurances for protection against risks in supply chains
Session 6 (2 hours)
Analyse the use of contingency plans to overcome risks in supply chains
Advanced diploma in procurement and supply
Session 7 (2 hours)
Analyse the use of probability and impact assessments to manage risks in supply chains
Session 8 (2 hours)
Develop a risk assessment and a risk register to mitigate risks in a supply chain
Explain the development of a risk management culture and strategy to improve supply chains
Session 9 (2 hours)
Develop a strategy to mitigate risks in supply chains