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Risk Management of Supplier Network

Managing supply chain risks

Risks have always been part of the supply chain. There are an infinite number of factors in supply chain disruptions which may affect the cost, timing, or risk of a supply chain at any given time. Risks vary from business to business but by considering the worst-case scenario for each situation, solutions can be brought to light in the event they should occur.

Risk management can help reduce the complexity of a problem and prevent problems altogether. The purpose of risk management is to reduce the occurrence of disruption events and enable the company's capability to minimize the impact when they happen.

Objectives: This course provides an in-depth insight into the supply chain processes and the need for comprehensive work with a view to identifying and assessing risks on supply chains to and from the company, as well as designing strategies for selecting and locating suppliers to reduce the risks and effects of disruptions.

Participants: The course is intended for those who work or intend to work with strategic planning, forecasts, purchasing, materials supply and distribution issues at a strategic and internationally level.

Qualifications: No formal knowledge is required, but it is preferable if you have wide work experience within purchasing, production, logistics and transports where analyzes and external knowledge are used.

Training Method: Risk Management of Supplier Network is a Premium course and is studied over the internet via our e-learning platform Instant education. Read more about the training method E-learning - Premium courses.

Course Length: Approximately 20 hours active study time, depending on previous knowledge. Each student has access to the course for 6 months.

Price: 432 Euro / student
480 USD / student

Prices excluding VAT.
For large-scale education projects request quotation.

Online price:

417 EURO / student
463 USD / student

Prices excluding VAT.

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Course contents:

Part 1

Corporate Strategy

Corporate strategy defines the direction of the organization over the long term and determines the goals that must be achieved

Supply Chain Principles

It is a set of linkage between a company’s suppliers that spans the activities of making and delivery.

Matching Supply and Demand Pattern

The supply chain is a dynamic system making the matching work more difficult.

Managing the Operation

Planning for and controlling the resources used in the process to get the most value out of them.

What Factors Affect the Flow of Materials?

Functions within a company that affect the flow of materials.

Supply and Distribution Structure

A distribution structure should be designed to guarantee the efficient organization of finished product flows.

Classification of the Sources of Supply Chain Risk

Research has identified two dimensions of risk in the supply chain divided into external and internal ‘drivers’.

Managing Supply Chain Risks

Risk management can help reduce the complexity of a problem and prevent problems altogether.

Supply Chain Efficiency versus Risk Reduction

Disruptive risks tend to have a chain effect on the supply chain.

Segmenting the Supply Chain

The supply chain can be designed and operated distinctly by a combination of segmentation factors.

Regionalize the Supply Chain

Regionalizing supply chains so that the impact of losing supply from a plant is contained within the region.

Part 2

Purchasing Strategy in Strategic Planning

Purchasing organizations will be expected to take an increasing role in overall corporate strategy.

Strategic Purchasing Matrix

Description of a model for structured purchasing.

Number of Suppliers in Purchasing Strategy

The problem of choosing between one or several suppliers per product.

Geographical Proximity and Purchasing Strategy

Geographical proximity offers many advantages. Buyers prefer close geographical proximity to their suppliers.

Designing the Supplier Structure

The design of the supplier system has an impact on the buyer's competitiveness.

Concentration on a Few Suppliers

A reduction of the total amount of suppliers positively affects the possibility to achieve better results quickly.

Supplier Networks

Utilizing the supplier’s expertise both in the development work and in order to solve production problems.

Reasons for Using a Specific Supplier

It is important to understand why a specific supplier is used in order to understand the supplier situation today.

Purchase Planning of Supplier Evaluation

The work concerning supplier evaluation.

Supplier Risk Management Techniques

Five supplier risk management techniques will be suggested that make a significant contribution to the security of a company.

Part 3

Supply Chain Value Mapping

Supply chain value mapping defines how to arrive at the desired outcomes in a supply chain.

Risk and Value Mapping of Articles

Risk and value mapping of the purchase activities and the supplier relationships.

Characteristics of Demand

There are some characteristics of demand that influence the forecast and the particular techniques used.

Managing Material Flows

Factors which focus on the need for a more coordinated approach to managing the material flow.

Managing Uncertainty

Managing uncertainty and estimating future demand as basis for short and long term decisions.

Supply Chain Dynamics

Disruptions in demand can spread through the entire supply chain causing significant swings in demand.

Robust Supply Chain Strategies

Different supply chain strategies with aim to improve a company’s capability to manage supply and demand better under normal circumstances.

Measures of Supply Chain Performance

Typical inventory measures used to monitor supply chain performance.

Financial Measures of Supply Chain Performance

The flow of materials also affects various financial measures of concern to the company.

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