HCA Global Consult Limited > International Courses > Supply Chain Risk Management

Supply Chain Risk Management

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Program overview:

Supply-chain risk management (SCRM) is the implementation of strategies to manage both every day and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity.

SCRM apply to risk management process tools, with partners in a supply chain to deal with risks and uncertainties caused by, or affecting, logistics-related activities or resources in the supply chain. The ultimate goal of SCRM is to ensure supply chain continuity in the event of a scenario which otherwise would have interrupted normal business and profitability.

For whom:

This program is designed for 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.

Learning objectives:

At the end of the course, participants will be able to:

Outline modern supply chain and risk management concepts as a foundation for operational success
Recognize and assess sources of risk from across the supply chain
Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
Employ communications and risk project management tools to enable successful implementation of risk management plan
Recognize cultural, ethical and legal parameters for consideration in supply chain risk management planning

Course outline:

Day 1: Supply chain management and risk

Supply chain overview
Supply chain objectives, Introduction to risk management
Risk management terms and concepts
Scoping supply chain risk, Supply-side partners
Demand-side partners, Internal echelons
Corporate culture and risk appetite

Day 2: Managing risk process in supply chains

Stakeholder management, developing a communications plan
Message scope and clarity, identifying stakeholders
Mapping stakeholders, Customized messaging
Distribution of roles, managing change
Technical elements of change, Political elements of change
Emotional elements of change, Risk process overview
Risk charters and documentation, Risk management Templates
Risk administration

Day 3: Identifying risks

Scoping risk, Scope change risks, Defining deliverables
The Work breakdown structure (WBS)
Risk types and categories, Supply risks
Assessing sources of supply, Sourcing strategies, Service level risks
Financial risk, Alternative risk identification tools and techniques

Day 4: Risk Response

Monitoring and controlling supply chain risks
Risk analysis, measuring impact of risk
Measuring likelihood of risk, Quantifying risk
Mapping risks (risk heat maps)
Risk response strategies, Accept, reject and transfer
Mitigation and contingency planning, Managing risk charter
Elements of risk charter, Ownership of risk charter
Defining risk accountabilities and responsibilities
The charter as a live document

Day 5: Risk management considerations

Cultural considerations
Ethical considerations
Legal considerations
Risk and the external environment
Outsourcing/Partnerships Management
- Procurement outsourcing
- Service management

Note: There will be London city tour on day 5

The Course Package: Includes: Course material in soft copy, Tea break, Lunch, City tour, and certificate of attendance. A laptop with the soft copy of the course material loaded with a carrying bag will be presented to the participants at the end of the course.

Note: Payment is either U$D or the prevailing parallel market rate. We do not accept government official rate.

Training Methodology