Course description
The procurement and supply chain function proactively manages a range of risks, such as market volatility, cultural and social differences, the impact of globalisation, natural disasters, sustainability, fraud and corruption, currencies and commodities, contracts, and relationships with suppliers. Current thinking in this area focuses less on avoiding risk and more on managing it to an organisation’s benefit. This course focuses on how leaders in procurement and supply can assess and mitigate the main performance risks that stem from the supply chain and that impact on the organisation or its customers. It also provides an understanding of the need to develop and implement appropriate risk appraisal and management strategies.
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Outcome / Qualification etc.
What will I learn?
As part of this course, you will have access to pre and post work activities online to help you prepare and reflect on your training. You’ll learn how to lead on the development of strategic approaches to mitigate the impact of the supply chain on the reputation of your organisation and contribute to the use of risk pathways by the organisation. You’ll also learn how to lead on the development of plans to mitigate the impact of market volatility on the organisation, that are aligned with the organisation’s risk approach, including consideration of enterprise risk approaches. This course uses a real-life case study to explore the impact of risk and prior to the course delegates will be provided with appropriate pre-reading and preparation work to help them get the best out of the 2 days virtual learning.
What are the learning objectives?
By the end of this course, you will be able to:
- Monitor and advise on developments in competition law, ethical sourcing, and global sourcing
- Take actions to eliminate corruption, fraud and counterfeiting affecting the organisation’s supply chains, including putting in place controls and measures for the purpose of review and monitoring of progress and success
- Critically evaluate the impact of undertaking major programmes and projects on the organisation’s supply chain and enable the formation of appropriate contracts and relationships with suppliers
- Put in place strategies to mitigate the costs and risks associated with contract performance in projects and programmes
Training Course Content
Introductions and Aspirations followed by a discussion on pre-work activities
Agenda Day 1
Session 1
What is risk and resilience in the supply chain?
- Defining risk, issue, uncertainty, and resilience
Session 2
Risk Assessment
Critically assessing ‘why’ and ‘how’ risk occurs within supply chains
Session 3
What is a resilient supply chain?
- Identifying and exploring the features of a resilient or vulnerable supply chain
Review of Day 1
Agenda Day 2
Session 4
Evaluating the different approaches to risk management
Session 5
Assessing the role of relationship management when managing risk
Session 6
Creating a resilient supply chain and developing the most appropriate response to risk
- Exploring the network view of risk
Review of Day 1 and 2
Course delivery details
- Your skills training will comprise of online learning and a tutor-led session.
- Online pre-learning and course materials will be available on the CIPS Learning Mangement System up-to one month ahead of your training session and should be completed before day 1 and day 2.
- The virtual classroom will open 15 minutes before your session.
Why choose Chartered Institute of Procurement & Supply
95% of our students tell us that CIPS qualifications are the standard for the profession
Professionals with MCIPS on average earn 20% more
Reviews
Average rating 4.5
Training delivered at a steady pace, trainer demonstrated excellent knowledge on the subject matter. Content was relevant to my job role.
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We are CIPS, the Chartered Institute of Procurement & Supply
A global membership organisation driving positive change across our profession. CIPS are the voice and standard, defining and amplifying best practice across all our worlds. We help build capability within organisations. Diagnosing, troubleshooting and training. We’ll work with your organisation...
Great course to give me a better understanding of the principles of Risk, Risk Management and Resilience and to give me more confidence to shift towards a more proactive approac...