Supply Chain Risk Management
Overview:
For the last decade, there has been an extensive and organized effort by organizations to assess their risks, especially in financial services. Non Financial firms are now increasing their risk management especially in the light of such complex, global, and out sourced supply chains. The new ISO 31000 and ISO 31010 frameworks provide guidelines in this process that make good sense and build on years of work by risk professionals.
After attending this session you will:
- Understand supply chain's relationship to systemic risk, enterprise risk & operational risk
- Understand the need for a clearly stated supply chain risk appetite statement
- Utilize the New ISO 31000/31010 Standards to manage supply chain risks
- Utilize Failure Mode & Effects Analysis (FMEA) to solve the most complex SC risk problems
- Conduct your own risk assessments to ID & rank the greatest SC risks your enterprise faces
- Understand the advantages of next generation techniques in risk assessments
- Create a dashboard that scores each opportunity to reduce supply chain risk
Areas Covered in the Session:
- The value of a clearly articulated risk statement
- How to create a risk statement
- The value of conducting a supply chain risk assessment
- How to conduct supply chain risk assessments
- Background of the new ISO 31000/31010 risk framework
- How to measure, score, and prioritize your greatest supply chain risks
- How to manage a portfolio of projects to reduce supply chain risks
Who Will Benefit:
- Supply Chain managers
- Purchasing and Commodity Managers
- Operation Managers
- SME business owners