Supply Chain Resilience: Strategic Supplier Risk Management

Identify and mitigate supplier risk to secure your business' future

What you'll learn

Strategic Sourcing: Identify, evaluate, and select suppliers strategically

Risk Assessment: Categorise risks (e.g., Delivery Failures, Financial Stability, Cybersecurity)

Contractual Optimisation: Build strong, protective relationships with suppliers

Contemporary Risks: Explore modern risks (Cybersecurity, ESG, Brand Reputation)

Business Continuity: Tools for operational efficiency and spend leakage reduction

Financial Budgeting: Proactive approaches to mitigate financial uncertainties

Requirements

No previous equipment or experience is needed

Having some examples in mind of situations where you could apply the techniques would be helpful

A pen and paper might be useful at times

A willingness to learn is essential!

Description

Supply Chain Resilience: Strategic Supplier Risk ManagementIdentify and mitigate supplier risk to secure your business' futureIn today's ever-changing business landscape, establishing dependable suppliers is only the beginning. Meet Martin John, a seasoned expert in Procurement, Negotiation, and Management Skills. He's here to guide you through the ins and outs of supplier risk management. This course goes beyond merely sourcing suppliers or negotiating favourable terms – it's about Procurement providing even more value to the business by strengthening your business against any potential disruptions.Explore the intricacies of strategic sourcing, contractual relationships, and financial budgeting. Move away from the conventional procurement narrative and instead into critical aspects of risk assessment, overcoming challenges, and maintaining business continuity. Plus, update your knowledge to include contemporary risks like cybersecurity and ESG standards.Learn how to strike the right balance between consolidating suppliers for economies of scale and yet diversifying to minimise risk. Martin sheds light on essential considerations, such as Lead-Time and Delivery Failures, Supplier Financial Failure Risk, Brand Reputation Risk, and Cyber Security Risk.Carefully designed to be easily applicable for professionals in Purchasing, Procurement, Logistics, and Operations, or business owners aiming for a broad understanding of supplier risk management - this course ticks all the boxes.Equip yourself with the tools to assess, mitigate, and manage risks effectively, so your business thrives even amid uncertainties. Join us in this transformative learning experience to revolutionize your approach to procurement and safeguard the future of your business.Mastering these skills will not only elevate the profile of the Procurement function, but will set you apart from your peers; demonstrating to your business that you know that good Procurement is way more than just cost savings. Enrol now and become a master in strategic supplier risk management. Don't just procure; secure the foundation of your success by managing supplier risk intentionally and strategically.

Overview

Section 1: Understanding Supplier Risks

Lecture 1 Introducing Managing Supplier Risks

Section 2: Introducing Managing Supplier Risks

Lecture 2 Strategic Sourcing to Manage Supplier Risk

Lecture 3 Contracting and Supplier Relationship Management to Manage Supplier Risk

Section 3: Potential Supplier Risks

Lecture 4 Budgeting and Mitigating Price Risk

Lecture 5 Understanding and Managing Quality Risk

Lecture 6 Minimising Lead-Time and Delivery Risks

Lecture 7 Managing Supplier Service Risk

Lecture 8 Understanding and Mitigating Supplier Financial Failure Risk

Lecture 9 Mitigating Cyber Security Risk

Lecture 10 Understanding ESG (Environmental, Social and Governance) Risk

Lecture 11 Minimising Brand Reputation Risk

Lecture 12 Business Continuity Planning to Manage Supplier Risk

Lecture 13 Minimising Spend Leakage or Maverick Spend

Section 4: Continuing to Maintain Supplier Risk

Lecture 14 Ongoing Supplier Risk Management

Procurement Professionals: Enhance strategic supplier management skills,Logistics and Operations Specialists: Gain insights into supply chain risk dynamics.,Business Owners and Entrepreneurs: Fortify enterprises against disruptions,Supply Chain Managers: Strengthen supply chain resilience strategies,Purchasing Roles: Understand risks in supplier relationships and procurement