Introduction

Effective supply chain professionals must balance cost reduction with improved service levels to become industry leaders. Global trade introduces high levels of risk and uncertainty, leading to increased costs and reduced service if unmanaged. Risks are inherent in all supply chains but can be mitigated through analysis, preparation, and action. Organizations must manage risk and variability while enhancing efficiency and service quality. This seminar provides practical tools and techniques to address these challenges effectively.

Objectives

• Apply a thorough understanding of supply chain activities

• Identify, analyze and evaluate supply chain risk

• Understand the keys aspects of reducing risk

• Use risk management tools and techniques

• Make supply chain organizational improvements

Process

• Discussion and lectures using international best practice

• Practical applications

• Exercises and Case studies

• Extensive course manual

• Presented by the author of many books on supply chain and procurement topics

Benefits

• Understanding the supply chain operations

• Understand what drives your other supply chain players

• Use analytical tools to identify supply chain risk

• Make cost and service improvements

• Gain a framework for continual improvement

• Use best in class practices

Results

• Understand the current supply chains

• Access them for risk and vulnerability

• Examine how to mitigate risks

• Apply appropriate tools

• Make continual improvements

Core Competencies

• Analysis

• Evaluation

• Improving

• Make change

• Sharing and understanding other points of view

Outlines

Day 1: Understanding the Supply Chain

• Supply Chain Definitions

• The 8 Supply Chain Rules

• Customers, competitive advantage, and demand

• Supply Chain Models and Types

• The Global Supply Chain

• Incoterms 3000 and reducing Risk

• Recognizing Risks in the Supply Chain

Day 2: Identifying Supply Chain Instabilities and Risks

• Internal supply chain risks

• PESTLE risks

• Inventory risks

• Financial risks

• Disruption risks

• Security risks

• Mismanaged relationship risks

• Procurement risks

• Logistics risks

• Learning from the 2008 economic crisis

Understanding the Risk Spiral

• Consequences

• Outcomes

• Analyzing the key drivers of risk

Day 3: Reducing Supply Chain Risk

• Improving visibility

• Reducing variability

• Maintaining velocity

• Restoring confidence

• Enabling agility and synchronicity in the supply chain

• Applying Supplier Relationship Management

Day 4: Using Risk Management Tools and Techniques

• Risk mitigation options

• Risk mitigation matrix

• Risk management principles

• RAG assessment

• The role of Procurement and Supply Chain strategy

• Evaluation and prioritization of risks

• The risk management matrix

• Developing a risk management culture

• Contingency and risk management planning

• Supply chain resilience

Day 5: Rethinking the Supply Chain

• Supply chain futures and predictions

  • Agility

  • Network design

  • China supply chain effects

  • Going “Green”

  • Professional leaders/manager development

• Reengineering supply chains end to end to minimize risk

• Organization development

• Models for change