Course Objectives
CILT Endorsed Supply Chain Risk Management - Virtual Learning
Course Objectives
By the end of the course, participants will be able to:
Outline modern supply chain and risk management concepts as a foundation for operational success
Plan supply chain management risk process to match organizational requirements
Identify and assess sources of risk from across the supply chain
Evaluate risks qualitatively and quantitatively using a versatile toolkit
Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
Recognize cultural, ethical and legal parameters for consideration in supply chain risk management planning
Target Audience
Supply chain and logistics professionals, in particular those at operational, supervisory and management level. The course is ideal for those seeking to complement their supply chain and logistics experience with risk management skills suited for their day to day operations.
Target Competencies
Supply chain management
Supply chain risk assessment
Supply chain quality management
Warehouse management
Transportation management
Procurement
Logistics management
Course Outline
Supply chain management and riskSupply chain overviewFunctions of a supply chainSupply chain objectivesSupply chain configurationIntroduction to risk managementWhy take risks?Risk PerceptionRisk within dynamic environmentsBenefits of supply chain risk management
Planning risk process in supply chainsRisk management process overviewRisk management deliverablesPlan approachRisk administrationSupply chain risk definitionsDistribution of rolesStakeholder managementDeveloping a communications planManaging changeRisk toleranceRisk appetiteCultural considerationsTemplates
Identifying supply chain risksIdentifying risksScoping supply chain risksInternal versus external risksSIPOC modelValue chain analysisSCOR frameworkWork breakdown structureScope change risksRisk types and categoriesService level risksFinancial risksRisk identification and evaluation toolkit
Evaluating supply chain risksRisk analysisMeasuring likelihood of riskMeasuring impact of riskExpert options (interview)Benchmarking as a tool for risk evaluationModeling and simulationsProbability distributionsThree-point estimatesCommon distribution curves for evaluating risksSensitivity analysisDecision tree analysisMapping risksUsing risk heat maps
Responding to supply chain risksRisk response strategiesAccept, reject and transferMitigation and contingency planningMitigation strategies for transportation risksMitigation strategies for warehousing risksMitigation strategies for inventory management risksMitigation strategies for sourcing risksSourcing strategies to exercise powerSourcing strategies to create advantageSecondary and residual risks
Controlling supply chain risksBenefits of monitoring and controlWork performance evidenceChange requestsEthical considerationsLegal considerationsManaging a risk charterElements of risk charterOwnership of risk charterDefining risk responsibilities and accountabilitiesThe charter as a live documentSummary: risk process overview