Risk Management in Supply Chains

Objectives:

Participants will develop an understanding of supply chain risks, learn to identify vulnerabilities, and implement strategies to mitigate disruptions while ensuring supply chain resilience and efficiency.

Modules:

1. Introduction to Supply Chain Risk Management

• Overview of supply chain risk management (SCRM)

• Importance of risk management in global supply chains

2. Types of Supply Chain Risks

• External risks: Economic, political, environmental, and technological

• Internal risks: Operational inefficiencies, supplier failures, and inventory issues

3. Risk Identification and Assessment

• Tools and techniques: Risk mapping and risk assessment matrices

• Analyzing risk likelihood and impact

4. Risk Mitigation Strategies

• Diversification of suppliers and sourcing locations

• Building supply chain visibility and agility

• Inventory management and safety stock optimization

5. Technology in Supply Chain Risk Management

• Role of digital tools: IoT, blockchain, and predictive analytics

• Data-driven decision-making to manage risks effectively

6. Building Resilient Supply Chains

• Proactive planning and contingency strategies

• Collaboration and communication with supply chain partners

7. Case Studies and Practical Applications

• Real-world examples of supply chain disruptions and recovery

• Interactive exercises to develop risk management plans