Managing Supply Chain Risks: Complete Guide

Understand tools and techniques to avoid, mitigate and manage supply chain risks

What you'll learn

Understand the nature of risks affecting supply chains

Understand processes in managing risks in supply chains

Understand risks mitigation strategies in supply chain

Learn how to prepare a contingency plan

Learn how to prepare a business continuity plan and disaster recovery plan

Requirements

Curiosity and Willingness to learn and ask questions

Description

Hello,Here is the reality…In the quest to lower production cost Supply chains are becoming more complex!You are probably using a phone designed by an American company with components manufactured somewhere in Asia or enjoying coffee or tea grown somewhere in Colombia or AfricaThe idea is simple, a business needs input which are turned into products that are then sold.BUT the inputs have to be supplied, hence upstream and downstream operations, in short suppliers and their suppliers as well as buyers and their buyersAll of these just point to why managing supply chain risks is important!Because if something goes wrong the effects can be properly expensiveToyota having issues with supply of semiconductors, Apple having supply issues since they rely on China and Taiwan and you know the US-China tension …In fact, things like… The Red Sea crisis, ongoing Russia-Ukraine war, Iran seizing an Israeli cargo ship, increasing tension over Taiwan, US-imposed tariffs on China imports…All these things end up affecting your business if you are dealing with supplier in those areasIn this course you are going to learn how to manage supply chain risksThe course has 3 broad goals that is, Understanding the nature of risk affecting supply chainsIn this case you will be able toUnderstand different types of risk that can impact on supply chainsAssess operational risks in supply chainsCompare methods for eliminating bribery, corruption and fraud in supply chainsContrast risks in supply chains that can impact on organisational corporate social responsibilityThe second goal is for you to Understand processes in managing risk in supplyChains, and this means being in position toExamine the use of contractual remedies for managing risks in supply chainsAnalyse the use of outsourced third parties in risk management in supply chainsAssess the use of insurances for protection against risks in supply chainsExamine the use of contingency plans to overcome risks in supply chainsAnd finally, you should be able to put all these in practice by Understanding risk mitigation strategies in supply chains. In this case, you will be able toIdentify the use of probability and impact assessments to manage risks in supply chainsAnalyse a risk assessment and a risk register to mitigate risks in a supply chainExplain the development of a risk management culture and strategy to improve supply chainsCompare strategic approaches to mitigate risks in supply chainsAll these and practice exercises since its all about learning by doing …and if at any point you have a question just askSo, lets get started!

Overview

Section 1: Define the different types of risk that can impact on supply chains

Lecture 1 Overview

Lecture 2 Understanding risks, hazards, exposure and risk appetite

Lecture 3 Positive and negative consequences of risks

Lecture 4 Direct and indirect losses

Lecture 5 Internal and external sources of risk

Lecture 6 The nature of fraud in organisations and supply chain

Section 2: Assess operational risks in supply chains

Lecture 7 Contract failure

Lecture 8 Financial risks

Lecture 9 Quality failure

Lecture 10 Security of supply

Lecture 11 Logistics complexity

Lecture 12 Risks in outsourcing and offshoring

Section 3: Compare methods for eliminating bribery, corruption and fraud in supply chains

Lecture 13 What to expect here

Lecture 14 The different types of corruption

Lecture 15 The different types of fraud

Lecture 16 The use of ethical codes including CIPS ethical codes

Section 4: Supply chains vs corporate social responsibility and sustainability standards

Lecture 17 Defining corporate social responsibility and sustainability

Lecture 18 Assessing corporate risks and risks associated with brand

Section 5: Examine the use of contractual remedies for managing risks in supply chains

Lecture 19 What to expect

Lecture 20 Indemnities and liabilities

Lecture 21 Ownership of IPR (intellectual property rights)

Lecture 22 The use of force majeure clause

Lecture 23 Clauses for testing, inspecting and acceptance

Lecture 24 Global sourcing considerations and ensuring compliance to standards

Section 6: Analyse the use of outsourced third parties in risk management in supply chains

Lecture 25 What to expect here

Lecture 26 The use of outsourced third-party providers for credit rating

Lecture 27 The use of outsourced third-party providers for auditing risks in supply chains

Section 7: Assess the use of insurances for protection against risks in supply chains

Lecture 28 The use of insurance in hedging against risks

Lecture 29 The categories of insurance

Section 8: Examine the use of contingency plans to overcome risks in supply chains

Lecture 30 The implication of a contingency plan

Lecture 31 The components of a business continuity plan and disaster recovery plan

Section 9: Identify the use of probability and impact assessment to manage risks in supply

Lecture 32 Overview

Lecture 33 Understanding Internal risks

Lecture 34 Practical application 1

Lecture 35 External and other sources of risks

Lecture 36 Practical application 2

Lecture 37 Quick look at risks and their impact in the organisation

Lecture 38 Methodologies for assessing the probability and impact of risk

Lecture 39 Vulnerability assessments

Lecture 40 Collating statistical evidence of risks

Lecture 41 The use of probability theory

Section 10: Analyse a risk assessment and a risk register to mitigate risks in supply chain

Lecture 42 The use of templates for risk assessments and risk registers

Lecture 43 Download the Template

Lecture 44 Completing risks assessments and risk registers

Lecture 45 Practical application 3

Lecture 46 Engaging stakeholders in the development of risk assessment and registers

Section 11: Development of a risk management culture and strategy to improve supply chains

Lecture 47 Overview of risk management culture

Lecture 48 ISO 31000 international standards for risk management

Lecture 49 ISO 28000 International standards for risk management

Lecture 50 The risk management process

Lecture 51 Resources required to achieve improved risk management in supply chain

Section 12: Compare strategic approaches to mitigate risks in supply chains

Lecture 52 Overview of possible sourcing strategies

Lecture 53 Developing risk management strategies to mitigate risks

Lecture 54 Preparing a contingency plan

Lecture 55 Download the template

Lecture 56 Preparing a business continuity plan and disaster recovery plan

Lecture 57 Download the template: business continuity plan

Lecture 58 Download the template: disaster recovery plan

Procurement students,Anyone who is the business (buyers and sellers),Contract managers,Supply chain managers