course | Managing Suppliers Risk
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PSCO-634 | Managing Suppliers Risk
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-05-26 | 2025-05-30 | Los Angeles | $5,950 | Book now |
| 5 Days | 2025-09-08 | 2025-09-12 | Dubai | $4,250 | Book now |
| 5 Days | 2025-09-28 | 2025-10-02 | Al Khobar | $4,250 | Book now |
Course Introduction
Effective management of supplier risk is essential for organizations to safeguard their interests and ensure continuity in their supply chains. This comprehensive training program is designed to equip participants with the knowledge, tools, and strategies needed to identify, assess, and mitigate risks associated with suppliers.
Course objective
- Understand the concept of supplier risk and its significance in today's business environment.
- Identify different types of supplier risk, including financial, ethical, environmental, political, and economic risks.
- Recognize the importance of supplier risk management and its impact on organizational performance.
- Learn the key steps involved in managing supplier risk, including identification, assessment, and mitigation.
- Gain insights into effective strategies for assessing supplier risk and developing mitigation plans.
- Explore best practices and real-world case studies to understand how organizations successfully manage supplier risk.
- Develop practical skills to implement supplier risk management processes within their own organizations.
- Collaborate with peers through interactive workshops to develop a supplier risk management plan tailored to specific organizational needs.
Course Outline | Day 01
Understanding Supplier Risk
- Overview of Supplier Risk Management
- Importance of Managing Supplier Risk
- Impact of Supplier Risk on Business Operations
- Understanding the concept of Supplier Risk
- Methods for Identifying Supplier Risk
- Case studies and examples of Supplier Risk incidents
Types of Supplier Risk:
- Financial Risk: Understanding financial instability and its impact
- Ethical Risk: Exploring issues related to labor practices, corruption, etc.
- Environmental Risk: Identifying risks associated with environmental sustainability
- Political Risk: Understanding geopolitical factors impacting suppliers
- Economic Risk: Assessing risks related to economic downturns, inflation, etc.
Course Outline | Day 02
Supplier Risk Assessment:
- Importance of Supplier Risk Assessment.
- Tools and methodologies for Supplier Risk Assessment.
- illustrating effective assessment strategies.
Course Outline | Day 03
Mitigation Strategies for Supplier Risk:
- Developing mitigation plans for identified risks
- Strategies for reducing financial risk, ethical risk, etc.
- Collaborative approaches with suppliers to mitigate risks
Course Outline | Day 04
Supplier Risk Monitoring and Control:
- Establishing monitoring mechanisms for ongoing risk assessment
- Implementing control measures to mitigate identified risks
- Continuous improvement in Supplier Risk Management processes
Course Outline | Day 05
Implementing Supplier Risk Management:
- Integrating Supplier Risk Management into procurement processes
- Roles and responsibilities of key stakeholders
- Overcoming challenges in implementing Supplier Risk Management
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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