4.33(6)

Supply Chain Risk Management Principles

  • Categories Risk Management
  • Duration 2h 23m
  • Total Enrolled 6
  • Last Update January 22, 2022

About Course

Introduction, Nature of Supply Chain risks, Risk terms, Risk responses, Risk impact matrix

Description

Supply Chain risk Management

It used to be that supply chain risk factors were mostly physical.

Your supplier might have a fire, there might be an earthquake, an important shipment might get lost.

But supply chain managers now need to deal with a wider array of possible disruptions to their supply chain.

Two recent news articles highlight the increased risks.

As the world has become evermore interconnected, and as information expands and moves at the speed of light onto our desktops, social issues can be just as important as traditional supply chain issues.

Intel recently announced that they had rid their supply chain of minerals from Congo sold by militias accused of human rights abuses.

And Samsung suspended operations with a Chinese supplier who has been accused of employing under-age labor.

Today, when threats to your supply chain may arrive via an act of God, or appear in an exploding flurry of Twitter messages, it is important to plan for disruption, and to have the tools in place to develop low cost strategies for dealing with disruption.

The starting point for managing supply chain risk is to design a supply chain that has alternative ways of operating when disrupted.

This is more complex than just identifying alternate suppliers and planning for contract manufacturing. A modern supply chain is extraordinarily complex with thousands of trade offs.

To approach this problem, you need to build a model of your supply chain that includes capacities, costs and revenues.

A Gartner report on how CISCO manages risk noted “Transparency is critical to both internal and external support for supply chain resiliency. Objective metrics contribute to transparency.” In other words, supply chain risk scenario analysis should be sufficiently robust to model a good number of alternatives, to know what is feasible and what is infeasible, and to be able to present metrics on the cost to “de-risk” the possible disruptions.

An excellent tool is to start with learning basic concepts, using this program

What Will I Learn?

  • Get basic knowledge from a domain expert in Supply Chain Risk Management. This domain has a high growth career potential

Topics for this course

9 Lessons2h 23m

Session 1 Introduction to Supply Chain Risks?

Know the difference between ERM(Enterprise Risk Management) & SCRM(Supply Chain Risk Management)
Introduction00:17:41

Session 2 Basic Risk Concepts

Session 3 Supply Chain risks?

SCRM

Session 4 Supply Chain risks(contd)?

Risks(Continued)

Session 5 Risk terms & Categories?

Risk terms

Session 6 SC risk responses?

Supply Chain risk responses

Session 7 Risk Management Techniques?

Techniques

Session 8 Risk Management Tools?

Tools

Session 9 Conclusion?

Summary

About the instructor

I am a Supply Chain / Logistics / Sourcing Professional. Trainer and consultant. Worked in large MNCs in Supply Chain, Logistics for nearly 3 decades and have in-depth practical knowledge in each of the sub-domains Currently engaged in consultation, training and certification programs of world's leading Supply Chain Institutes. Also have our own job oriented programs. Sub domains includes Materials, Logistics, Supply Chain Analytics, Purchasing/Sourcing, Warehousing, Transportation, Inventory Optimization etc Saved in Millions for organisations, in Inventory optimizations and improved all related processes Improved customer fill rates and reduced cost of operations Solved work-place issues / problems in their occupation of Supply Chain professionals Specialties: Supply Chain Management, Logistics, Sourcing, Material Planning, Forecasting, Production scheduling, Warehouse management, Picking and line feeding, Logistics, Imports, exports, EOU, Lean, Operational Excellence, Productivity Improvement, employee & contractor management, Legal compliance ASCM, APICS, ISM
4.32 (139 ratings)

24 Courses

151 students

Student Feedback

4.3

Total 6 Ratings

5
2 ratings
4
4 ratings
3
0 rating
2
0 rating
1
0 rating

Good course for the beginners who wants to start their career in Procurement & wants to learn In-depth can access this course, I have enjoyed the course, But the examples provided in the course are not sufficient.

Supply Chain Sourcing is one of a course which gives your mind to do brainstorming about the most suitable sourcing. I had been able to learn the benefits of in sourcing and outsourcing.

SC risk flow made easy to understand

This is a good course. This course is quite easy to understand and each topic is provided briefly many details.

Being an experienced person,this program has enhanced my skill,Thank you

I have learned the set by set approach to risk analysis and how to prevent/overcome it in my work cycle.

1,999.00

Material Includes

  • Videos

Requirements

  • Knowledge of English,
  • Domain knowledge
  • Basic graduate

Target Audience

  • Professionals in Supply Chain, Purchasing, Sourcing, Logistics fields, who have at least few years experience
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