Third-Party Risk Management Training
Learn how to identify emerging supplier risks earlier, prioritise actions more effectively, and build a more resilient third-party risk management programme (TPRM).
4 online modules • Public course starts 30 September
Supply Chain Risk Training
This training equips procurement and supply chain professionals with the tools to anticipate, assess and mitigate risk across supply networks and supplier relationships.
This hands-on training builds the skills required to manage critical third-party dependencies in a volatile market.
Your team will learn how to strengthen risk management foundations while going further: anticipating macroeconomic shocks, stress-testing continuity plans and building dynamic risk intelligence networks.
Participants will apply proven frameworks to a live strategic supplier and leave with a practical risk action plan, plus the frameworks, controls and materials to embed stronger operational resilience across your supplier portfolio.
Practical TPRM training that delivers measurable impact from day one
Participants will learn how to:
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Quantify risk exposure and prioritise interventions based on actual business impact, moving beyond generic compliance scoring.
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Connect macroeconomic, geopolitical, and systemic market shifts directly to specific vulnerabilities within your supplier portfolio.
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Stress-test supplier Business Continuity Plans (BCPs) to ensure they will be effective during a crisis.
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Transition from static, annual vendor assessments to continuous, dynamic monitoring through active internal and external risk intelligence gathering.
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Design forward-looking Key Risk Indicators and governance structures that trigger mitigation actions before an incident occurs.
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Use strategic supplier engagement and contractual levers to uncover hidden nth party risks and drive mutual resilience.
Formats & Pricing
Formats available:
Public course for individuals: 4 modules delivered over four 2‑hour sessions
In‑house: 1‑day intensive workshop
Pricing for public courses (per person, excl. tax):
Includes one‑to‑one coaching, templates, and all course materials.
North America: US$ 1,470
EMEA: £1,130
Asia Pacific: AUD$ 1,970
Course Content
Foundations
Topics covered
- Third-party risk management fundamentals
- Supplier lifecycle governance
- Due diligence and onboarding
- Risk governance and controls
- Regulatory compliance and audit readiness
- Supplier exit planning
You will be able to
- Understand the principles of effective TPRM
- Apply a lifecycle approach to supplier governance
- Establish robust risk management processes
- Improve compliance and audit preparedness
- Develop practical governance and exit plans
Risk Identification, Quantification and Mitigation
Topics covered
- Supply chain risk identification
- Risk drivers and root-cause analysis
- Supply chain mapping
- Risk assessment and quantification
- Risk controls and mitigation strategies
- KRIs, monitoring and reporting
- Business continuity and resilience
You will be able to
- Identify risks across complex supply chains
- Assess and quantify risk exposure
- Prioritise risks using structured frameworks
- Design effective mitigation plans and controls
- Monitor risk using meaningful indicators
- Strengthen organisational resilience
Contract Performance
Topics covered
- Contract management for TPRM
- Key contract clauses and risk controls
- Performance management and KPIs
- Key risk indicators and early warning signals
- Supplier governance
- Supplier relationship management (SRM)
- Collaboration and value creation
You will be able to
- Use contracts as effective risk management tools
- Develop performance measures that identify risks early
- Strengthen supplier governance practices
- Improve supplier performance and accountability
- Build collaborative relationships that reduce risk
- Enhance value and supply chain resilience
Stakeholder Engagement
Topics covered
- Stakeholder identification and mapping
- Governance roles and responsibilities
- RASCI frameworks
- Cross-functional collaboration
- Stakeholder communication
- Supplier engagement and trust building
You will be able to
- Mobilise stakeholders around risk objectives
- Clarify accountability across the supplier lifecycle
- Improve governance and decision-making
- Strengthen collaboration across business functions
- Build trusted supplier relationships
- Drive more effective risk management outcomes
September - October
Dates: September 30, October 7, 14, 21,
Time: Wednesdays, 10:00 am - 12:00 pm UK time zone
Format: 4 online modules over 4, 2-hour sessions.
Cost: £1,130 (excl tax) per person, including one-to-one coaching & materials.
Why State of Flux
State of Flux is a global authority on supplier management. Our training combines industry-leading insights, practical methodologies, and expert coaching to help procurement and supply chain teams reduce supplier risk, improve resilience, and build capability that delivers measurable results long after the course ends.
Built on 18 Years of Global Supplier Management Research
4,000+ organisations studied
2.7 million supplier management datapoints analysed
Used by leading global enterprises
Frameworks grounded in real-world practice, not theory
The Global SRM Research is one of the most established and comprehensive studies of supplier management maturity worldwide.
Explore our training courses in practice
Explore our Training Courses in Practice
Training as a team?
Build capability across your organisation. We design customised TPRM programmes tailored to your organisation’s suppliers, industry, categories, and risk profile.
Tailored modules • In-person delivery • Group pricing
FAQ
Ready to reduce exposure to supplier risk?
Equip your team with the tools, confidence, and capability to manage supplier risk proactively.
Speak to a training advisor and contact us at: enquiries@stateofflux.co.uk
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The programme is delivered through a series of interactive instructor-led workshops, either virtually or in person. Each module combines practical learning with real-world application, supported by assignments, templates, reference materials and tools that participants can apply immediately within their own organisation. Depending on the delivery format selected, participants may also have access to coaching and implementation support.
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This course is designed for procurement, supply chain, supplier management and risk professionals who are responsible for identifying, assessing and managing supplier-related risks. It is particularly valuable for individuals managing critical suppliers, supporting supplier governance activities, or seeking to strengthen risk management capability across their organisation.
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Immediately. The training is highly practical and encourages participants to apply concepts, tools and frameworks to their own suppliers and risk scenarios throughout the programme. Participants leave with actionable outputs that can be implemented straight away within existing supplier and risk management processes.
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Yes. The course covers risk governance, oversight, controls and the management of supplier-related risks, making it particularly relevant for organisations operating in regulated environments. Examples and discussions can be aligned to the specific regulatory and compliance requirements of your industry.
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Absolutely. Every programme can be tailored to reflect your organisation's priorities, risk profile, industry context, current level of maturity and strategic objectives. This ensures the training is practical, relevant and directly applicable to your operating environment.
Training Course Catalogue
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Account Management Training
Description: Understand how to sell to procurement teams; how they buy and how they manage suppliers.
Format: 4 online modules over 3, 90-min sessions.
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Strategic Sourcing
Description: Build and apply skills to source strategically and deliver value-creating suppliers to the business
Format: 7 online modules over 7, 90-min sessions.
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Category Management
Description: Address technical and behavioural skills that enable individuals to be trusted commercial advisors.
Format: 8 online modules over 4-8, 90-150 min sessions
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Capability Assessment Training
Description: Understand your team’s strengths and development opportunities to deliver business value.
Format: 6 online modules over 6, 90-min sessions.
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Procurement Behaviour Training
Description: Learn how to use effective communication and listening skills to interpret behaviour fully.
Format: 8 online module over 6,90-min sessions.
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Rebate Management Training
Description: Master diverse rebate types and navigate the rebate lifecycle from offer creation to payment.
Format: 3 online modules over 3, 90-min sessions.
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Negotiation Training
Description: Examine the skills of negotiation you need to build better long-term value for business.
Format: 4 online modules over 4, 90-min sessions.
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Diversity & Inclusions Training
Description: Learn how supplier diversity unlocks innovation, agility and strengthens ESG credentials.
Format: 6 online modules over 4, 90-min sessions.
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SRM Advanced Training
Description: Develop and create new value through your most important supplier relationships.
Format: Vary per region, please check schedule
