Identify and mitigate supplier risk to secure your business’ future
Supply Chain Resilience: Strategic Supplier Risk Management
What you’ll learn
- Strategic Sourcing: Identify, evaluate, and select suppliers strategically.
- Risk Assessment: Categorise risks (e.g., Delivery Failures, Financial Stability, Cybersecurity).
- Contractual Optimisation: Build strong, protective relationships with suppliers.
- Contemporary Risks: Explore modern risks (Cybersecurity, ESG, Brand Reputation).
- Business Continuity: Tools for operational efficiency and spend leakage reduction.
- Financial Budgeting: Proactive approaches to mitigate financial uncertainties.
Course Content
- Understanding Supplier Risks –> 1 lecture • 2min.
- Introducing Managing Supplier Risks –> 2 lectures • 7min.
- Potential Supplier Risks –> 10 lectures • 37min.
- Continuing to Maintain Supplier Risk –> 1 lecture • 1min.
Requirements
Supply Chain Resilience: Strategic Supplier Risk Management
Identify and mitigate supplier risk to secure your business’ future
In today’s ever-changing business landscape, establishing dependable suppliers is only the beginning. Meet Martin John, a seasoned expert in Procurement, Negotiation, and Management Skills. He’s here to guide you through the ins and outs of supplier risk management. This course goes beyond merely sourcing suppliers or negotiating favourable terms – it’s about Procurement providing even more value to the business by strengthening your business against any potential disruptions.
Explore the intricacies of strategic sourcing, contractual relationships, and financial budgeting. Move away from the conventional procurement narrative and instead into critical aspects of risk assessment, overcoming challenges, and maintaining business continuity. Plus, update your knowledge to include contemporary risks like cybersecurity and ESG standards.
Learn how to strike the right balance between consolidating suppliers for economies of scale and yet diversifying to minimise risk. Martin sheds light on essential considerations, such as Lead-Time and Delivery Failures, Supplier Financial Failure Risk, Brand Reputation Risk, and Cyber Security Risk.
Carefully designed to be easily applicable for professionals in Purchasing, Procurement, Logistics, and Operations, or business owners aiming for a broad understanding of supplier risk management – this course ticks all the boxes.
Martin John considers himself a true “people person” whose engaging, open, and collaborative style has taken him training and working in a huge range of industries. Martin’s training courses are curated from a combination of his 25 years of experience in senior procurement, relationship management and supply chain roles in global blue-chip organisations; world-renowned subject matter experts such as Dr Robert Cialdini at the Cialdini Institute; and esoteric gems that he’s come across in his own research.
Equip yourself with the tools to assess, mitigate, and manage risks effectively, so your business thrives even amid uncertainties. Join us in this transformative learning experience to revolutionize your approach to procurement and safeguard the future of your business.
Mastering these skills will not only elevate the profile of the Procurement function, but will set you apart from your peers; demonstrating to your business that you know that good Procurement is way more than just cost savings.
Enrol now and become a master in strategic supplier risk management. Don’t just procure; secure the foundation of your success by managing supplier risk intentionally and strategically.