Course Detail
Excellence in Strategic Risk Management

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Education Center: ISM - Institute for Supply Management
Date: Please check (on your top-right) for a new edition
Language: English

Duration: 2 days

If the thought of unseen risk lurking along your global supply chain keeps you up at night, then this course is for you. It’s impossible to eliminate all risk, but you can prepare for it by learning to identify it, analyze it, anticipate its impact and determine its probability. This must-attend seminar will help you in your quest to reduce and mitigate risk and will give you a solid understanding of risk analysis, managing risk, complian09ce and execution. Excel based tools and templates will be provided for weighted risk factors, financial impact and probability analysis.



Learning Objectives:

  • How quickly global supply chain disruptions can impact an organization
  • Factors driving greater risk trends
  • Impacts of leadership and culture of risk management
  • What it takes to develop a risk management process
  • How to identify types of risks, probabilities, likely impacts and risk profiles
  • Risk management strategies, resources and tools (including Excel files)
  • Ways to allocate resources, execute strategies and review results
  • Legal and compliance issues in risk
  • Implications to manage hazardous wastes and end of life cycle issues
  • Risks associated with outsourcing
  • How to establish internal control systems

Virtual Class Schedule:

Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)

Course Outline:

  • Leading edge ways of analyzing organizational risk within the global environment – Key terms and definitions; Multiple factors increasing risk throughout the entire supply chain; Supply management’s strategic involvement to quantify risk and financial impact
  • Best known methods in managing risk – Leadership and cultural implications on risk; Implementing a risk management process; Developing mitigating strategies to minimize organizational impact; Practical tools to scope mitigating strategies; Allocating resources and developing processes to proactively flag internal and external risk situations; Creating policy and procedures to define how to manage before-the-fact, during-the-fact and after-the-fact situations
  • Awareness of legal implications and governmental regulations – Review of governing laws and regulations including common law, civil law, trade, health and safety, IP and environmental; Instituting control mechanisms to drive compliance; Comprehend risk through the life-cycle of a product including end-of-life hazards, costs and sustainability
  • Execution of risk management including – Decision makers analyzing make-vs-buy with options to outsource both domestically and internationally; Technology to enable end to end systems capability with control features for business continuity and recovery; Impactful reporting, risk reviews and audit processes

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