Procurement & Contracts

Who Should Attend:

• Supply Chain Departments & Professionals
• Procurement Departments & Professionals

Course Objectives

What will you gain ?

• Analyse the scope and nature of risk to the organisation
• Identify a wide range of risks
• Assess the potential sources and likely impact of risk in the organisation
• Plan and implement an appropriate risk management process within the overall framework employed by the organisation
• Apply supply chain mapping and risk assessment
• Understand how to use risk elimination, avoidance and reduction techniques
• Apply a range of established tools to manage risk proactively and reduce consequential loss
• Understand risk transfer & mitigation strategies
• Appreciate contingency planning
• Be familiar with ongoing risk assessment and control techniques.

Course Content

• Definition of Risk, Risk Analysis, Identification and Assessment
• Risk Management and Strategy, Mitigation and Appetite.

• Strategic & Operational
• Financial & Compliance
• Environmental & Reputational.

• Internal and External
• Analysis Tools, - PESTLE, Porter’s 5 Forces, SWOT
• Supply Chain Vulnerability & use of Process Mapping
• Tiering and Traceability.

• Risk Management
• Risk assessment and Evaluation
  • Risk Treatment (4 T’s)
  • Risk Mitigation Planning and Reporting
  • Evaluate problems of Risk Occurrence, the possible Consequences and Mitigating Actions
  • Probability of Occurrence
  • Risk Analysis / Impact
  • Scoring and Mapping, Prioritisation of Risk
  • How Suppliers / Supply Chain can help to Reduce / Mitigate Risk
  • Controlling Risk on an on-going basis
  • Risk Promotion / Education, Ownership.
  Enterprise Risk
  • Corporate Strategy, Risk Appetite
  • Roles & Responsibilities
  • Culture, promotion of Risk and Risk Awareness
  • Financial risk – currency, hedging etc.
  • Bribery Act.