Managing Suppliers Risk

INTRODUCTION

Training course introducion / Brief

Effective management of supplier risk is essential for organizations to safeguard their interests and ensure continuity in their supply chains. This comprehensive training program is designed to equip participants with the knowledge, tools, and strategies needed to identify, assess, and mitigate risks associated with suppliers.

COURSE OBJECTIVES

At the end of the training course, participants will be able to:

•        Understand the concept of supplier risk and its significance in today's business environment.
•        Identify different types of supplier risk, including financial, ethical, environmental, political, and economic risks.
•        Recognize the importance of supplier risk management and its impact on organizational performance.
•        Learn the key steps involved in managing supplier risk, including identification, assessment, and mitigation.
•        Gain insights into effective strategies for assessing supplier risk and developing mitigation plans.
•        Explore best practices and real-world case studies to understand how organizations successfully manage supplier risk.
•        Develop practical skills to implement supplier risk management processes within their own organizations.
•     Collaborate with peers through interactive workshops to develop a supplier risk management plan tailored to specific organizational needs.