Learning Objectives

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.

Course Content

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 below:

• 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.

How is it delivered?

Training is delivered through three key activities to ensure students are engaged and applying their learnings:

Workshop: Instructor-led 90-minute session in an interactive and engaging format (virtually or in-person).

Assignments: Students apply the module’s content to the job by completing a set of assignments, which takes 1-2 hours to complete. Ideally, This on-the-job activity should focus on a live supplier relationship to make the training relevant and bring its value to life.

Coaching: Throughout the assignment period, students get access to the course leader for 1:1 coaching support (30 minutes for each course module) to build on their understanding and ensure effective implementation.

What you will get?

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.