SUPPLY CHAIN RISK MANAGEMENT
Course Outline
- Supply chain overview
- Functions of a supply chain
- Supply chain objectives
- Supply chain configuration
- Introduction to risk management
- Why take risks?
- Risk Perception
- Risk within dynamic environments
- Benefits of supply chain risk management
- Risk management process overview
- Risk management deliverables
- Plan approach
- Risk administration
- Supply chain risk definitions
- Distribution of roles
- Stakeholder management
- Developing a communications plan
- Managing change
- Risk tolerance
- Risk appetite
- Cultural considerations
- Templates
- Identifying risks
- Scoping supply chain risks
- Internal vs external risks
- SIPOC model
- Value chain analysis
- SCOR Framework
- Work breakdown structure
- Scope change risks
- Risk types and categories
- Service level risks
- Financial risks
- Risk identification and evaluation toolkit
- Risk analysis
- Measuring likelihood of risk
- Measuring impact of risk
- Expert options (Interview)
- Benchmarking as a Tool for Risk Evaluation
- Modeling and simulations
- Probability distributions
- Three-point estimates
- Common distribution curves for evaluating risks
- Sensitivity analysis
- Decision tree analysis
- Mapping risks
- Using risk heat maps
- Risk response strategies
- Accept, reject and transfer
- Mitigation and contingency planning
- Mitigation strategies for transportation risks
- Mitigation strategies for warehousing risks
- Mitigation strategies for inventory management risks
- Mitigation strategies for sourcing risks
- Sourcing strategies to exercise power
- Sourcing strategies to create advantage
- Secondary and residual risks
- Risk response strategies
- Benefits of monitoring and control
- Work performance evidence
- Change requests
- Ethical considerations
- Legal considerations
- Managing a risk charter
- Elements of risk charter
- Ownership of risk charter
- Defining risk responsibilities and accountabilities
- The charter as a live document
- Summary: Risk process overview
