Overview

Hello,Here is the reality...In the quest to lower production cost Supply chains are becoming more complex!You are probably using a phone designed by an American company with components manufactured somewhere in Asia or enjoying coffee or tea grown somewhere in Colombia or AfricaThe idea is simple, a business needs input which are turned into products that are then sold.BUT the inputs have to be supplied, hence upstream and downstream operations, in short suppliers and their suppliers as well as buyers and their buyersAll of these just point to why managing supply chain risks is important!Because if something goes wrong the effects can be properly expensiveToyota having issues with supply of semiconductors, Apple having supply issues since they rely on China and Taiwan and you know the US-China tension...In fact, things like.The Red Sea crisis, ongoing Russia-Ukraine war, Iran seizing an Israeli cargo ship, increasing tension over Taiwan, US-imposed tariffs on China imports...All these things end up affecting your business if you are dealing with supplier in those areasIn this course you are going to learn how to manage supply chain risksThe course has 3 broad goals that is, Understanding the nature of risk affecting supply chainsIn this case you will be able toUnderstand different types of risk that can impact on supply chainsAssess operational risks in supply chainsCompare methods for eliminating bribery, corruption and fraud in supply chainsContrast risks in supply chains that can impact on organisational corporate social responsibilityThe second goal is for you to Understand processes in managing risk in supplyChains, and this means being in position toExamine the use of contractual remedies for managing risks in supply chainsAnalyse the use of outsourced third parties in risk management in supply chainsAssess the use of insurances for protection against risks in supply chainsExamine the use of contingency plans to overcome risks in supply chainsAnd finally, you should be able to put all these in practice by Understanding risk mitigation strategies in supply chains. In this case, you will be able toIdentify the use of probability and impact assessments to manage risks in supply chainsAnalyse a risk assessment and a risk register to mitigate risks in a supply chainExplain the development of a risk management culture and strategy to improve supply chainsCompare strategic approaches to mitigate risks in supply chainsAll these and practice exercises since its all about learning by doing...and if at any point you have a question just askSo, lets get started!

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