Risk Management - Managing and Mitigating Risk in your Supply Chain

SR Supply Chain Consultants
Course summary
6 hours
165 GBP excl. VAT
Online courses
Next available date: Enquire for delivery to your organisation to suit you - Online courses
Professional Training

Course description

Risk Management - Managing and Mitigating Risk in your Supply Chain

You are only as strong as the weakest link in your chain.  In these times of running with minimum stock holding to keep the cash flowing, whilst sourcing from a global supply base the need for supply chain strength and resilience is critical.

This course will equip delegates with key tools, techniques and frameworks to ensure that they can eliminate / mitigate as much risk as possible in their supply chains.

Suitability - Who should attend?

The skills, tools and advice delivered in this course will benefit anybody associated with Supply Chain Risk, e.g. Procurement / Buyers, Inventory Management, Quality, Risk and any other appropriate Supply Chain personnel. 

Outcome / Qualification etc.

Upon completion of this course every participant will be able to:

  • Manage / Mitigate Risk effectively by thoroughly completing the Risk Cycle for any event. They will be able to comprehensively Identify, Assess and Manage Risk effectively
  • Create and manage a bespoke Risk Register for their own organisation to enable them to manage Risk effectively
  • Engage Stakeholders effectively, ensuring that Risk is treated seriously and dealt with accordingly
  • Understand the need and frameworks that can be utilised to ensure that Procurement undertakes Supplier Sourcing in an Ethical, Sustainable and Socially responsible manner
  • Practice going through the Risk Cycle and the skills learned in a safe environment using a number of pre-prepared scenarios.

Training Course Content

To ensure that all delegates are fully conversant with the RISK CYCLE and able to:

  • Utilise many methods to IDENTIFY all Risks
  • Fully tangibly and objectively ANALYSE Risk using a scored framework
  • PRIORITISE Risk events accurately
  • MANAGE Risk effectively from the activities undertaken above
  • REVIEW, REFLECT and Continuously LEARN and repeat the Cycle
  • Fully understand and practice using / developing a Risk Register
  • Engage Stakeholders effectively with regards to Risk Management and its importance
  • Ensure that Procurement undertakes Ethical and Socially responsible Sourcing

Course delivery details

Our trainers are all FCIPS / MCIPS qualified teachers who have extensive experience of Managing and Mitigating Risk across numerous challenging supply chains and industries, e.g. Automotive, Retail, Food, Finance to name a few. 

Collectively our training team have delivered Supply Chain Risk courses to hundreds of delegates, both domestically and globally, over the last 10 years.

The course will be extremely participative, exercise driven with many relevant examples and anecdotes provided to bring practice and theory to life.

About provider

SR Supply Chain Consultants Ltd - Developing the People Behind Procurement & Supply

SR Supply Chain Consultants Ltd have been delivering procurement  training for a number of years, specialising in the delivery of the Chartered Institute of Purchasing and Supply (CIPS) qualification, and the Commercial Procurement and Supply Apprenticeship. SR Supply Chain Consultants...

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Contact info

SR Supply Chain Consultants

Suite 8 Business First Centre Millennium Road
PR2 5BL Preston

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Average rating 5

Based on 1 reviews.

Definitely recommend. Course was run at a good pace, with regular group tasks so you were constantly kept interested and not sitting looking at a projector all day
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