Procurement Risk Management
- Improve awareness of risk analysis, evaluation, and mitigation in sourcing decisions.
- Equip delegates with easy-to-apply risk assessment tools for supply chain contexts.
- Target audience: Those assessing and modeling supply chain risks for sourcing decisions.
- Course focuses on identifying, evaluating, and managing risks in procurement and performance.
- Topics include contract management, compliance, effective monitoring, and conflict resolution.
Overview
This 2-day course focuses on enhancing participants' understanding of risk analysis, evaluation, and mitigation in sourcing decisions within supply chains. It equips attendees with practical risk assessment tools applicable in supply chain contexts. Topics covered include identifying common risks, contract management, performance monitoring, supplier relationships, conflict resolution, and change control mechanisms. The course targets individuals involved in assessing and modeling supply chain risks for procurement decisions and service management.
Who should attend
Contract Managers, Procurement Managers
Course Content
Course duration: 2 Days
Course running order
Day 1
Definitions of risk
The common causes of risk in supply chains- A workshop approach to identifying common risks
Evaluating risk and developing cost effective risk mitigation approaches in the supply chain
The role of standards, specifications forms of contract and terms of contract in risk mitigation
The role of KPI’s and sound contract management in risk management and mitigation
The skills of the effective contract manager
Day 2
Using a risk register approach to manage risks in procurement decisions
Managing risk in performance
Ensuring compliance with the contract and understanding contractual remedies for poor performance
Effective contract monitoring
Creating the right style of relationships with suppliers
Negotiating improvements to current service delivery
Dealing with conflict and dispute
Change control mechanisms
Review and evaluation
Course objective:
This programme is designed to improve delegates’ awareness of techniques and best practices associated with risk analysis, evaluation and mitigation in the sourcing decisions made by them and their departments. It will equip them with a series of easy to apply risk assessment tools that can be used within a supply chain context.
Who should attend?
Delegates whose role requires them to assess and model supply chain risks when undertaking ‘make or buy’, and key sourcing and performance management decisions for new and existing services and purchases.
Duration / Fees
A 2-day single manned course
