Euroasia Training Euroasia Training
AR

Procurement and Supply Chain Management

Supplier Risk Evaluation and Contingency Planning

7 units

Please select a city/session before registration.

About this program

Risks related to suppliers rank among the most significant challenges facing contemporary supply chains. Disruptions stemming from financial instability, geopolitical shifts, natural disasters, or regulatory non-compliance can substantially impact business operations. It is essential for organizations to proactively recognize supplier risks and develop contingency plans to maintain resilience.
This Supplier Risk Analysis & Contingency Planning Training Course equips participants with systematic frameworks and tools to assess supplier risk profiles, perform due diligence, and formulate contingency approaches. Attendees will also examine strategies such as supplier diversification, risk-sharing agreements, and business continuity planning in accordance with ISO standards.
Through case studies, interactive workshops, and simulations, participants will acquire hands-on experience in identifying supplier risks and crafting mitigation strategies that ensure ongoing business operations.

Course benefits

  • Identify potential risks linked to suppliers and vendors.
  • Develop comprehensive contingency plans to manage supplier disruptions.
  • Enhance the resilience of supply chain processes.
  • Ensure adherence to international risk management standards.
  • Foster stronger supplier partnerships through proactive risk management.

Key outcomes

  • Comprehend various categories of supplier risks including financial, operational, compliance, and geopolitical factors.
  • Utilize analytical tools and models for thorough supplier risk evaluation.
  • Perform supplier audits and conduct due diligence assessments.
  • Create contingency and continuity plans to address supplier interruptions.
  • Implement scenario planning and predictive analytics for risk anticipation.
  • Integrate supplier risk management with broader organizational goals.
  • Enhance governance and accountability frameworks within supplier management.

Who should attend

  • Procurement and sourcing managers.
  • Supplier relationship and vendor management officers.
  • Risk and compliance professionals.
  • Supply chain and logistics managers.

Course outline

1

Unit 1: Fundamentals of Supplier Risk Management

  • Comprehending risks associated with suppliers within international supply networks.
  • Types of supplier risks: financial, operational, regulatory, and geopolitical.
  • The financial implications of supplier failures.
  • Case study: effects of supplier disruptions.
2

Unit 2: Analytical Tools and Frameworks for Supplier Risk Assessment

  • Utilizing risk matrices and scoring methodologies.
  • Evaluations of financial soundness and stability.
  • Analyzing supplier dependence and criticality.
  • Interactive session: profiling supplier risks.
3

Unit 3: Conducting Supplier Audits and Due Diligence Procedures

  • Processes for qualifying and verifying suppliers.
  • Auditing adherence to standards and regulatory requirements.
  • Tracking ESG and sustainability-related risks.
  • Case example: mitigating risks through audit findings.
4

Unit 4: Developing Contingency Plans for Supplier Interruptions

  • Fundamentals of ISO 22301 for business continuity planning.
  • Formulating backup plans and alternative supplier strategies.
  • Implementing contractual mechanisms for risk sharing.
  • Simulation exercise: responding to supplier disruptions.
5

Unit 5: Employing Scenario Planning and Predictive Risk Analytics

  • Using predictive analytics to anticipate risks.
  • Conducting stress tests on supply chain weak points.
  • Scenario planning addressing supplier and logistics risks.
  • Hands-on workshop: risk simulation activities.
6

Unit 6: Establishing Governance and Accountability in Supplier Risk Oversight

  • Creating governance frameworks for supplier risk management.
  • Clarifying procurement risk roles and responsibilities.
  • Mechanisms for reporting and ensuring compliance.
  • Practical task: designing governance structures.
7

Unit 7: Cultivating Robust and Resilient Supplier Relationships

  • Expanding and diversifying the supplier portfolio.
  • Collaborative approaches to minimizing risk.
  • Enhancing trust and transparency in partnerships.
  • Strategic roadmap for sustainable resilience.