Supply Chain Risk Management

Course Overview

Supply Chain Managers, procurement managers and sourcing professionals manage company’s activities and spend with its suppliers, which can be a very significant element of a company’s total turnover. This Supply Chain Risk Management Training in Dubai is equipped with all the solutions for your Supply Chain challenges.

In the modern day, a company’s competitive advantage in most industries will be determined by maximizing its relationships and the diligent management of its forward and backwards facing supply chains. While added value and competitive advantage are found here, they can also be lost here with potential devastating repercussions.

Risks to the supply chain range from unpredictable natural threats to counterfeit products, and reach across quality, security, to resiliency and product integrity. This Supply Chain Risk Management Training in Dubai highlights mitigation plans to manage these risks can involve logistics, cybersecurity, finance and risk management disciplines; the ultimate goal being to ensure supply chain continuity in the event of a scenario which otherwise would have interrupted normal business and thereby profitability.

Key Takeaways

  1. Understand risks brought about by market uncertainties, complexity and risk
  2. Learn new and emerging tools, techniques and tactics and implement that knowledge to effectively identify, assess, mitigate and manage supply chain risk
  3. Measure your SCRM effectiveness and progress by learning the new KRI’s, Key Risk Indicators
  4. Maximize your profitability and MINIMIZE your risk by learning about flexible supply chains
  5. Develop an effective Supply Chain Risk Management strategy to address daily business challenges

Course Methodology

This course is highly interactive and includes group discussions, team exercises, case studies, individual and group presentations, videos and quizzes. All participants will have several opportunities to apply the advanced knowledge they gained and demonstrate their skills in supply chain risk management.

Course Objectives

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

  • Outline modern supply chain and risk management concepts as a foundation for operational success
  • Plan supply chain management risk process to match organizational requirements
  • Identify and assess sources of risk from across the supply chain
  • Evaluate risks qualitatively and quantitatively using a versatile toolkit
  • Develop risk mitigation and contingency plans to ensure uninterrupted supply flow
  • Recognize cultural, ethical and legal parameters for consideration in supply chain risk management planning

Target Audience

  • Risk Management & Finance
  • Supply Chain Management
  • Logistics
  • Procurement
  • Manufacturing
  • Operations &
  • Distribution

Course Outline

Supply Chain & Risk Management Introduction

  • Supply chain overview
  • Functions of a supply chain
  • Supply chain objectives
  • Supply chain configuration
  • Introduction to risk management
  • Why take risks?
  • Risk Perception
  • Risk within dynamic environments
  • Benefits of supply chain risk management
  • The Global Supply Chain & Trends
  • Impacts of Uncertainty, Complexity and Risk on the Supply Chain
  • Supply Chain Risk Management Basic Elements
  • Risk Identification & Assessment

Supply Chain Risk Management Fundamentals

  • The FOUR Spheres of Supply Chain Risk
  • Emerging SCRM Frameworks & Enablers Emerging Tools & Techniques in Support of the FOUR Spheres
  • New Metrics of Success
  • Mitigation Strategies and Tactics

Fraud, Corruption, Theft & Counterfeiting

  • Terms, Definitions and new Global Regulations
  • Emerging Tools & Techniques
  • Emerging Counter Measures
  • Global Case Studies

Controlling Supply Chain Risks

  • Benefits of monitoring and control
  • Work performance evidence
  • Change requests
  • Ethical considerations
  • Legal considerations
  • Managing a risk charter
  • Elements of risk charter
  • Ownership of risk charter
  • Defining risk responsibilities and accountabilities
  • The charter as a live document
  • Summary: Risk process overview