This comprehensive 10-day training course is meticulously designed to equip participants with the essential knowledge, tools, and techniques to effectively identify, assess, mitigate, and monitor risks across the entire supply chain. The course provides a deep dive into the various categories of supply chain risks, from operational disruptions and supplier failures to geopolitical instability and cybersecurity threats. Participants will learn how to develop robust risk management strategies, build resilient supply chains, and ensure business continuity in an increasingly complex and interconnected global environment.
The training will cover a wide spectrum of critical topics, including the fundamental principles of risk management, identifying and categorizing diverse supply chain risks, advanced risk assessment methodologies (qualitative and quantitative), developing risk mitigation and contingency plans, supplier risk management and due diligence, transportation and logistics risk management, inventory and demand risk management, the impact of geopolitical and macroeconomic factors on supply chains, cybersecurity risks and mitigation strategies, the role of technology in supply chain risk management, building supply chain resilience, crisis management and business continuity planning, risk monitoring and performance measurement, and integrating risk management into overall supply chain strategy and decision-making. Practical sessions will involve in-depth case studies, risk assessment workshops, simulation exercises, and the development of risk mitigation plans.
Who should attend the training
- Supply chain directors and managers
- Risk management professionals
- Procurement and sourcing managers
- Logistics and transportation managers
- Operations managers
- Finance professionals involved in supply chain
- Business continuity planners
- Internal auditors
- Anyone responsible for the stability and resilience of the supply chain
Objectives of the training
- Gain a thorough understanding of the fundamental principles and the critical importance of risk management in the supply chain.
- Learn to identify and categorize the diverse range of potential risks that can impact supply chain operations.
- Master advanced methodologies for both qualitative and quantitative assessment of supply chain risks.
- Develop comprehensive risk mitigation strategies and effective contingency plans to minimize disruptions.
- Acquire the skills to implement robust supplier risk management programs and conduct thorough due diligence.
- Understand and address the specific risks associated with transportation and logistics operations.
- Learn to manage inventory and demand-related risks to optimize stock levels and prevent shortages or surpluses.
- Analyze the impact of geopolitical and macroeconomic factors on global supply chains and develop proactive strategies.
- Identify and mitigate cybersecurity risks to protect sensitive supply chain data and ensure operational continuity.
- Explore the role of technology and digital tools in enhancing supply chain risk management capabilities.
- Develop strategies for building inherent resilience into supply chain design and operations.
- Learn the principles and processes of crisis management and business continuity planning in the context of supply chain disruptions.
- Establish effective risk monitoring frameworks and performance measurement metrics for ongoing risk management.
- Integrate risk management considerations into overall supply chain strategy formulation and decision-making processes.
Personal benefits
- Develop expertise in identifying, assessing, and mitigating a wide range of supply chain risks.
- Enhance your strategic thinking and decision-making abilities in the face of uncertainty.
- Improve your skills in developing and implementing robust risk management strategies and plans.
- Increase your value to the organization by contributing to a more resilient and stable supply chain.
- Expand your professional network with other risk management and supply chain experts.
- Position yourself as a key resource for ensuring business continuity and minimizing supply chain disruptions.
Organizational benefits
- Enhanced supply chain resilience and reduced vulnerability to disruptions.
- Minimized financial losses and operational impact from supply chain risks.
- Improved business continuity and faster recovery from unexpected events.
- Increased stakeholder confidence through proactive risk management.
- Enhanced efficiency and cost savings by mitigating potential disruptions.
- Stronger supplier relationships through collaborative risk management.
- Improved compliance with regulatory requirements and industry standards.
- A more proactive and strategic approach to managing uncertainty in the supply chain.
- Enhanced competitive advantage through a more stable and reliable supply chain.
Training methodology
- Interactive lectures and presentations providing a deep understanding of supply chain risk management principles and frameworks
- In-depth case study analyses of real-world supply chain disruptions and the effectiveness of different risk management strategies
- Practical workshops and exercises focused on risk identification, assessment, and the development of mitigation plans
- Simulation exercises to test the effectiveness of risk response strategies in various disruption scenarios
- Group discussions and collaborative problem-solving sessions to address specific supply chain risk challenges
- Expert panel discussions featuring industry leaders sharing their experiences and best practices in supply chain risk management
- Development of a comprehensive risk management framework relevant to the participant's organization
- Utilization of risk assessment tools and templates for practical application
- Networking opportunities to connect with peers and share insights on supply chain risk management
- Practical session: Conducting a comprehensive risk assessment for a specific supply chain
- Practical session: Developing a detailed risk mitigation plan for a critical supplier
- Practical session: Simulating a major supply chain disruption and implementing a business continuity plan
- Practical session: Utilizing a risk management software tool for risk identification and analysis
- Practical session: Creating a supplier risk assessment scorecard and due diligence process
- Practical session: Developing key risk indicators (KRIs) for monitoring supply chain risk exposure
Trainer Experience
Our trainers are globally recognized experts in supply chain risk management, possessing extensive experience in developing and implementing risk mitigation strategies for multinational corporations across diverse industries. They bring a wealth of practical knowledge, real-world case studies, and proven methodologies to provide participants with actionable insights and best practices in this critical field.
Quality statement
We are committed to providing a world-class training experience that delivers cutting-edge knowledge and practical skills in supply chain risk management. Our curriculum is continuously updated to reflect the latest threats and best practices, and our trainers are dedicated to fostering a dynamic and engaging learning environment focused on equipping participants with the tools and confidence to build resilient and secure supply chains.
Tailor-made courses
We offer highly customized training programs designed to address the specific risk management challenges and priorities of your organization. Our team will collaborate closely with you to develop a curriculum that aligns with your unique industry context, supply chain structure, and risk appetite, ensuring maximum relevance and impact for your supply chain and risk management teams.
Course Duration: 10 days
Training fee: USD 2500
Module 1: Foundations of Supply Chain Risk Management
- Defining supply chain risk and its strategic importance
- Understanding the evolving landscape of supply chain disruptions
- Key principles and frameworks for effective risk management
- Establishing a risk management culture within the organization
- Practical session: Identifying the major categories of risks impacting a sample supply chain
Module 2: Identifying and Categorizing Supply Chain Risks
- Operational risks: disruptions, supplier failures, quality issues
- Demand and supply risks: forecasting errors, capacity constraints
- Transportation and logistics risks: delays, damage, security
- Geopolitical and macroeconomic risks: trade wars, political instability
- Environmental and sustainability risks: natural disasters, regulatory changes
- Practical session: Brainstorming potential risks across different stages of a participant's supply chain
Module 3: Advanced Risk Assessment Methodologies (Qualitative)
- Risk mapping and heat maps for visualizing risk likelihood and impact
- Scenario planning and what-if analysis for potential disruptions
- Failure Mode and Effects Analysis (FMEA) for identifying potential failures
- Expert elicitation and Delphi methods for subjective risk assessment
- Practical session: Developing a risk map for a specific supply chain process
Module 4: Advanced Risk Assessment Methodologies (Quantitative)
- Statistical analysis of historical disruption data
- Probabilistic modeling and simulation techniques
- Financial impact assessment of supply chain risks
- Value at Risk (VaR) and other quantitative risk metrics
- Practical session: Calculating the potential financial impact of a supply chain disruption
Module 5: Developing Risk Mitigation and Contingency Plans
- Risk avoidance, reduction, transfer, and acceptance strategies
- Building redundancy and flexibility into the supply chain
- Developing contingency plans for different types of disruptions
- Establishing early warning systems and monitoring mechanisms
- Practical session: Creating a risk mitigation plan for a critical supply chain vulnerability
Module 6: Supplier Risk Management and Due Diligence
- Assessing supplier financial stability, operational capabilities, and quality standards
- Implementing supplier audits and performance monitoring
- Developing alternative sourcing strategies and dual sourcing
- Incorporating risk management into supplier contracts
- Practical session: Developing a supplier risk assessment questionnaire
Module 7: Transportation and Logistics Risk Management
- Mitigating risks related to transportation delays, damage, and loss
- Ensuring security and visibility in the transportation network
- Managing risks associated with different modes of transport
- Developing contingency plans for transportation disruptions
- Practical session: Identifying key risks in a specific transportation route and developing mitigation strategies
Module 8: Inventory and Demand Risk Management
- Strategies for managing demand volatility and forecasting errors
- Optimizing inventory levels to buffer against supply disruptions
- Implementing postponement and other demand shaping techniques
- Managing obsolescence and spoilage risks
- Practical session: Developing an inventory management strategy to mitigate demand and supply risks
Module 9: Geopolitical and Macroeconomic Risk Management in Global Supply Chains
- Analyzing the impact of trade policies, tariffs, and sanctions
- Assessing political instability and its implications for supply chains
- Managing currency fluctuations and macroeconomic volatility
- Developing strategies for diversifying global sourcing and markets
- Practical session: Assessing the geopolitical risks associated with a global sourcing strategy
Module 10: Cybersecurity Risks and Mitigation Strategies in Supply Chains
- Identifying cybersecurity threats to supply chain data and operations
- Implementing data protection and access control measures
- Establishing cybersecurity protocols for communication with suppliers and partners
- Developing incident response plans for cyberattacks
- Practical session: Identifying potential cybersecurity vulnerabilities in a connected supply chain
Module 11: The Role of Technology in Supply Chain Risk Management
- Utilizing risk management software and analytics tools
- Leveraging IoT and real-time visibility technologies for risk monitoring
- Applying AI and machine learning for predictive risk analytics
- Using blockchain for secure and transparent supply chain data sharing
- Practical session: Exploring the features of a supply chain risk management software platform
Module 12: Building Supply Chain Resilience
- Designing flexible and adaptable supply chain networks
- Implementing agile sourcing and manufacturing strategies
- Enhancing collaboration and information sharing with supply chain partners
- Developing a culture of proactive risk management and continuous improvement
- Practical session: Developing a framework for building resilience into a specific supply chain
Module 13: Crisis Management and Business Continuity Planning in the Supply Chain
- Developing a comprehensive crisis management plan for supply chain disruptions
- Establishing communication protocols and stakeholder engagement strategies
- Implementing business continuity plans to ensure operational recovery
- Conducting crisis simulation exercises and lessons learned analysis
- Practical session: Developing a basic business continuity plan for a potential supply chain disruption
Module 14: Risk Monitoring and Performance Measurement
- Establishing key risk indicators (KRIs) for tracking supply chain risk exposure
- Implementing dashboards and reporting mechanisms for risk monitoring
- Conducting regular risk reviews and audits
- Measuring the effectiveness of risk mitigation strategies
- Practical session: Developing a set of KRIs for monitoring supply chain risks
Module 15: Integrating Risk Management into Supply Chain Strategy and Decision-Making
- Incorporating risk considerations into supply chain design and sourcing decisions
- Aligning risk management objectives with overall business strategy
- Communicating risk insights to senior management and stakeholders
- Embedding risk management into supply chain governance processes
- Practical session: Developing a proposal for integrating risk management into a company's supply chain strategy
Module 16: Advanced Topics in Supply Chain Risk Management
- Systemic risk and cascading effects in complex supply chains
- Behavioral aspects of risk management and decision-making under uncertainty
- The role of insurance and risk transfer mechanisms
- Emerging trends and future challenges in supply chain risk management
- Practical session: Analyzing the systemic risks in a global supply chain network
Module 17: Regulatory Compliance and Legal Considerations in Supply Chain Risk Management
- Understanding relevant regulations and industry standards related to supply chain risk
- Ensuring compliance with environmental, social, and governance (ESG) requirements
- Managing legal liabilities and contractual risks in the supply chain
- Ethical considerations in supply chain risk management
- Practical session: Identifying the key regulatory requirements relevant to a specific industry supply chain
Module 18: Future of Supply Chain Risk Management: Innovation and Technology
- Exploring the potential of AI, machine learning, and predictive analytics for proactive risk management
- Leveraging digital twins for supply chain risk simulation and optimization
- The role of blockchain in enhancing supply chain transparency and reducing fraud
- The impact of emerging technologies on future supply chain risk landscapes
- Practical session: Brainstorming innovative technological solutions for addressing specific supply chain risks
Requirements:
· Participants should be reasonably proficient in English.
· Applicants must live up to Armstrong Global Institute admission criteria.
Terms and Conditions
1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254725012095 / +254724452588
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588
