Develop an analysis of your own supplier centric supply chain risks and build this into a risk action plan.

Aimed at supplier managers who are responsible for oversight and management of the risks that key suppliers introduce to the supply chain, this intermediate/advanced level training course addresses the following themes, and illustrated in the diagram above:

• Supply chain objectives and Supplier SLAs and KPIs

• Identifying barriers and risks to supplier delivery

• Inherent and engagement risk: Impact and probability.

• Risk control and mitigation strategies.

• Residual risk: Impact and probability.

• Risk acceptability.

• Risk action plans: Monitoring, reporting and testing controls.
  

The training is structured and delivered as a series of 6 modules, as follows:

Module 1: Risk in the supplier management context.
Module 2: Identifying risks (and risk drivers) in the supply chain.
Module 3: Anatomy of the risk management process.
Module 4: Supplier risk quantification.
Module 5: Control and mitigation (and action planning).
Module 6: Bringing it all together.

The course will enable you to:

• Map critical supply chain elements, risk drivers and vulnerabilities. Benefits and issues of outsourcing from a risk perspective.

• Assess risks, quantify the impact and set tolerances.

• Lower the likelihood of a risk event occurring and reduce the impact if it does.

• Understand and revisit acceptability in terms of appetite, tolerance, context of business continuity and regulatory factors (where appropriate).

• Add risk management into the relationship strategy context. Clarify responsibilities and contractual liabilities.

During this training, we encourage course participants to use a live supplier as their case study. Step-by-step as
the training progresses, each delegate will build a risk action plan for a key supplier that incorporates a risk
impact and probability calibration, risk assessment and stakeholder engagement plan that works with three
fundamental levels of risk, define and document key risk indicators and build a risk management checklist.

All course attendees will receive a complete suite of support resources, templates and reference material, to ensure a consistent approach to SRM is embedded into your organisation.

The reference manual is designed to accompany the training and provide the visuals and a complete set of notes so that the student has a complete record of the material taught.

Additionally, a workbook that comprises a comprehensive set of templates is completed by each participant as they progress through the training. Exercise by exercise, this builds into a complete supplier risk action plan.