The Issues, The Risks, The Plan: Solid Risk Mitigation Strategies and Best Practices for an Uncertain World In this course, you will quickly learn:

• Identifying the top five internal challenges
• Supply Chain Management from a risk perspective
• Creating a best practices policy tailored to your organization
• Developing an action-plan checklist
• The seven categories of risk management
• Consistent risk policies for your organization
• Using quantifying methodologies to determine risk
• Save time and money on costly overlooked risks
• Driving risk management activities across supply chain operations
• Evaluate, monitor and respond to all levels of risk: Brand, legal, economic, man-made, natural disasters, product, & operational
• The resources and expertise in one comprehensive program
  

Better Evaluate, Monitor, Control, and Respond to Risk

A manufacturing, retail or service supply chain is only as strong as its weakest link. Exposure to global supply chain risks can become the weakness that bring an organization to its knees. These risks are increasing as a result of the growing length of supply chains that aim to meet customer demand stretching from developed markets to newly emerging markets. Raw materials, critical components and finished goods supplies are being sourced from increasingly distant regions involving longer lead times and complex transactions.

The increased occurrences of natural disaster, operational glitches, uncertain safety standards, economic factors and security issues have added to these risks. A lack of consistent regulatory and supplier controls has led to customer illness and injury, product recalls in sensitive product categories such as food, drugs, toys, and others, and has created risks to the credibility and efficacy of global supply chains.

The cost and impact of an unplanned disruption is far greater today because companies are only as strong as their supply chains. Both supply chain, finance, and other groups share responsibility for managed risk – but often address risks from different frames of reference. They need to be on the same page. Organizational barriers and uncommon language often prevent business from working together to achieve common goals, such as:

• Understanding the cost and quality trade-offs between supply chain efficiency and responsiveness
• Developing an organizational supply chain risk appetite
• Providing risk visibility

This two day program will help your organization view and manage the supply chain from a risk management perspective — accurately quantify risks via metrics to manage, control, share and avoid supply chain risks or unforeseen events, differing business norms, changing regulatory and economic environments or shifts in customer demand.