Introduction
Effective supply chain management requires balancing cost reduction with high service levels to remain competitive. Global trade introduces risk and uncertainty, which, if unmanaged, can increase costs and reduce service quality. Risks exist across every supply chain function but can be mitigated through careful analysis, preparation, and proactive action. This seminar equips supply chain professionals with practical tools and techniques to identify, assess, and reduce risks while enhancing overall efficiency and service quality.
Objectives
By the end of this program, participants will be able to:
- Apply a comprehensive understanding of supply chain activities and their interdependencies.
- Identify, analyze, and evaluate potential risks across the supply chain.
- Understand the key aspects and strategies for reducing supply chain risk.
- Use practical risk management tools and techniques to mitigate disruptions.
- Implement improvements to enhance supply chain performance and resilience.
Target Audience
- Supply Chain Managers and Professionals
- Procurement and Logistics Specialists
- Operations and Planning Managers
- Risk and Compliance Officers
- Senior Management involved in strategic supply chain decisions
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
- Lessons from the 2008 Economic Crisis
- Understanding the Risk Spiral
- Consequences and Outcomes
- Analyzing Key Drivers of Risk
Day 3: Reducing Supply Chain Risk
- Improving Visibility
- Reducing Variability
- Maintaining Velocity
- Restoring Confidence
- Enabling Agility and Synchronicity
- Supplier Relationship Management (SRM)
Day 4: Using Risk Management Tools and Techniques
- Risk Mitigation Options
- Risk Mitigation Matrix
- Risk Management Principles
- RAG Assessment (Red, Amber, Green)
- Role of Procurement and Supply Chain Strategy
- Evaluation and Prioritization of Risks
- Developing a Risk Management Culture
- Contingency and Risk Management Planning
- Enhancing Supply Chain Resilience
Day 5: Rethinking the Supply Chain
- Supply Chain Futures and Predictions
- Enhancing Agility
- Network Design
- China Supply Chain Impacts
- Going “Green” and Sustainable Practices
- Professional Leadership and Manager Development
- Reengineering End-to-End Supply Chains to Minimize Risk
- Organization Development and Change Models
