course | Managing Risk in Supply Chain
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PSCO-613 | Managing Risk in Supply Chain
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-05-19 | 2025-05-23 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-08-18 | 2025-08-22 | kuala lumpur | $4,950 | Book now |
| 5 Days | 2025-11-03 | 2025-11-07 | Dubai | $4,250 | Book now |
| 5 Days | 2025-08-17 | 2025-08-21 | salalah | $4,250 | Book now |
Course Introduction
Nowadays, supply chain risk management has become more complex, it is full of challenges that can result in higher cost, wasted materials and production error. The ability to effectively manage risks in a supply chain is an absolute must in the skill set of any current supply chain professional. This training course is designed to help participants gain the necessary skills and knowledge for them to operate diligently and effectively with their supply base, mitigating any risks and maximizing all opportunities to gain competitive advantage in their market place.
Managing Risk in Supply Chain
This course provides a comprehensive understanding on the nature of supply chain risk management and how it helps to reduce the chances of any uncertain situation and feat an appropriate set of solution to manage the situation efficiently and effectively.
Course objective
- Gain a comprehensive understanding of modern supply chain and risk management concepts as a foundation for operational success
- Identify and evaluate sources of risk from across the supply chain
- Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
- Effectively plan supply chain management risk process to match organizational requirements
Course Outline | Day 01
Supply chain management and risk
- Supply chain overview
- Functions of a supply chain
- Supply chain objectives
- Supply chain configuration
- Introduction to risk management
- Why take risks?
- Risk Perception
- Risk within dynamic environments
- Benefits of supply chain risk management
Course Outline | Day 02
Planning risk process in supply chains
- Risk management process overview
- Risk management deliverables
- Plan approach
- Risk administration
- Supply chain risk definitions
- Distribution of roles
- Stakeholder management
- Developing a communications plan
- Managing change
- Risk tolerance
- Risk appetite
- Cultural considerations
- Templates
Course Outline | Day 03
Identifying supply chain risks
- Identifying risks
- Scoping supply chain risks
- Internal versus external risks
- SIPOC model
- Value chain analysis
- SCOR framework
- Work breakdown structure
- Scope change risks
- Risk types and categories
- Service level risks
- Financial risks
- Risk identification and evaluation toolkit
Evaluating supply chain risks
- Risk analysis
- Measuring likelihood of risk
- Measuring impact of risk
- Expert options (interview)
- Benchmarking as a tool for risk evaluation
- Modeling and simulations
- Probability distributions
- Three-point estimates
- Common distribution curves for evaluating risks
- Sensitivity analysis
- Decision tree analysis
- Mapping risks
- Using risk heat maps
Course Outline | Day 04
Responding to supply chain risks
- Risk response strategies
- Accept, reject and transfer
- Mitigation and contingency planning
- Mitigation strategies for transportation risks
- Mitigation strategies for warehousing risks
- Mitigation strategies for inventory management risks
- Mitigation strategies for sourcing risks
- Sourcing strategies to exercise power
- Sourcing strategies to create advantage
- Secondary and residual risks
Course Outline | Day 05
Controlling supply chain risks
- Benefits of monitoring and control
- Work performance evidence
- Change requests
- Ethical considerations
- Legal considerations
- Managing a risk charter
- Elements of risk charter
- Ownership of risk charter
- Defining risk responsibilities and accountabilities
- The charter as a live document
- Summary: risk process overview
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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