Essentials of Risk Management in Procurement Management

INTRODUCTION

This course delves at risk management from a process and supply chain standpoint. The programme will cover standard approaches to risk identification, scale, and treatment, as well as alternative risk-thinking techniques like as scenario planning, contingency planning. The course’s goal is to provide participants with a variety of practical tools and approaches for identifying, scaling, and treating risk in order to achieve an acceptable level of residual risk for their organization.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Realize that every procurement and supply chain management choice involves risk.
• Have a better knowledge of the complexities of risk.
• Discover how to quantify and compare risk
• Create a robust action plan for various risk

 WHO SHOULD ATTEND THIS COURSE?

• Supply Chain Managers
• Operation Managers
• Project Managers
• Inventory managers
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Stock and inventory analyzing
• Productivity improvements
• The role of inventory in the supply chain
• Balancing cost and service requirements
• Continual improvement
• Risk management
• Risk mitigation