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Training Course: Risk Management in Procurement


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PU235339

13 - 17 Jan 2025

Amsterdam (Netherlands)

Hotel : Grand Hotel Amrâth Amsterdam

Cost : 5250 € Euro

Introduction

Welcome to the 5-day training program on Risk Management in Procurement! In today's dynamic business environment, organizations face various risks in their procurement processes, ranging from financial to operational and legal risks. Effective management of these risks is crucial for ensuring the success and sustainability of procurement activities. This comprehensive training program aims to equip participants with the knowledge and skills necessary to identify, assess, mitigate, and monitor risks in procurement effectively.

Objectives

  • Gain a deep understanding of the concept of risk in procurement and its significance.

  • Learn techniques for identifying, assessing, and prioritizing risks in procurement processes.

  • Develop strategies for mitigating and controlling risks in procurement, including vendor management and contractual risk mitigation.

  • Understand the importance of continuous monitoring and reporting in procurement risk management.

  • Explore best practices and real-world case studies in procurement risk management.

  • Learn how to integrate risk management principles into procurement processes and foster a risk-aware culture within their organizations.

Target Audience

  • Procurement Managers and Officers

  • Supply Chain Managers

  • Contract Managers

  • Project Managers

  • Risk Managers

  • Finance Managers

  • Legal Counsel

  • Any other professionals involved in procurement activities or responsible for managing procurement risks within their organizations.

Outline

Day 1: Introduction to Risk Management in Procurement

  • Overview of Procurement and Its Significance

  • Understanding Risk in Procurement

  • Types of Risks in Procurement

  • Importance of Risk Management in Procurement

  • Introduction to the Risk Management Process

  • Identifying Key Stakeholders

Day 2: Risk Identification and Assessment

  • Techniques for Identifying Risks

  • Risk Assessment Methodologies (Qualitative and Quantitative)

  • Prioritizing Risks

  • Group Exercises: Identifying and Assessing Risks in Simulated Scenarios

  • Real-world Case Studies

Day 3: Risk Mitigation Strategies

  • Developing Risk Mitigation Strategies

  • Risk Transfer, Avoidance, Reduction, and Acceptance

  • Implementing Risk Controls

  • Vendor Management and Contractual Risk Mitigation

  • Best Practices in Risk Mitigation

Day 4: Monitoring and Control

  • Establishing Monitoring and Control Mechanisms

  • Key Performance Indicators (KPIs) for Risk Management

  • Continuous Monitoring and Reporting

  • Risk Response Adjustment

  • Review of Case Studies and Lessons Learned

Day 5: Integrated Risk Management in Procurement

  • Integration of Risk Management with Procurement Processes

  • Collaboration with Other Departments (Finance, Legal, Operations)

  • Developing a Risk Management Culture

  • Role of Technology in Procurement Risk Management

Purchases & Stores

Training Course: Risk Management in Procurement


Register Now
Quick Inquiry
Discount Group Download Brochure (38)

PU235339

13 - 17 Jan 2025

Amsterdam (Netherlands) - Grand Hotel Amrâth Amsterdam

Hotel : Grand Hotel Amrâth Amsterdam

Cost: 5250 € Euro


  About Amsterdam

Amsterdam, capital of the Netherlands, is a popular destination amongst travelers from all around the world. Once just a little fishing village, Amsterdam is now a major international city after having become an important port during the 1600s. Throughout its history, the city has had many famous residents, including artists, philosophers and other historical figures. There is much to discover along Amsterdam's quaint streets and picturesque canals. So much so that a flight to Amsterdam comes with a guarantee of cultural and historical attractions that will provide memories to last a lifetime. Amsterdam is a hotbed of culture for travelers of all ages and tastes.


  Things to do and places to visit in Amsterdam

From the moment passengers step off their flight to Amsterdam, they will find it a friendly city with a lively atmosphere. Its flat geography means that it is perfect for exploring by bicycle. If you're feeling less active, it the city is also well-served by public transport. The so-called Venice of the North has something for every visitor. Culture vultures have museums, galleries and theaters to see, Families can visit the zoo or the Science Center NEMO.

When visiting Amsterdam, be sure to:

  • See the picture-perfect and colorful houses of the Grachtengordel district.
  • See the iconic works of one of Holland's most famous artists at the Van Gogh Museum.
  • Visit the house where Anne Frank and her family hid from the Nazis.
  • Browse through the extensive collection of fantastic art in the Rijksmusem.
  • Wander through the blaze of colors that is the Singel Flower Market.
  • See the city at a leisurely pace on a canal cruise.
  • Marvel at one of the city's many historic churches.
  • Learn about life aboard a ship at the National Maritime Museum.
  • Discover the Begijnhof's well-preserved medieval architecture.
  • See animals of all kinds, as well as the butterfly pavilion and aquarium, at the Artis Zoo.
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