Risk management and supply chain vulnerability : Level 5 Advanced diploma in purchasing and supply

Study session 1: Introduction, terminology and definitions Definitions and terms used in risk management Sources of general business risk The risk cycle The risk manager Study session 2: Sources of risk: internal or external Assessing the sources of risk External sources of risk Internal sources of risk Allocating resources wisely to risk management Assessing the vulnerability and criticality within supply chains Technological risks Study session 3: Sources of risk: strategic, operational and project based Risks at the strategic level of business Risks at the operational level Risks at the project level Study session 4: The stakeholders? influence Identifying the stakeholders in an organisation The role of a private sector organisation?s stakeholders in risk management The role of a public sector organisation?s stakeholders in risk management Factors influencing stakeholder satisfaction and the impact that purchasing can have Evaluate the needs and desires of stakeholders Study session 5: The outcomes of successful risk management The allocation of resources to risk management How good risk management leads to increased confidence Disaster recovery and business continuity plans Managing reputational risk How the business environment impacts upon your supply chain Coordination with service and delivery partners Study session 6: Selecting and building the strategy The risk strategy The impact of corporate risk strategy on human resources activity The impact of corporate risk strategy on finance activity The impact of corporate risk strategy on supply chain management Study session 7: Identifying appropriate processes Identifying risks Risk analysis Evaluating the impact of risks Treating the risk Gathering and dealing with feedback on risks Linking the stages into a risk management process Study session 8: Resources for a risk-aware culture Identify the appropriate resources to develop effective risk management Methods of raising risk awareness Using risk registers Monitoring risk and dealing with change Study session 9: Sharing risk throughout the supply chain Using third parties to assist in the mitigation of risk Selecting appropriate insurance Sharing the risk with the upstream supply chain Sharing risk in the downstream supply chain Study session 10: Tactics and tools for risk identification and analysis Tools for qualitative identification of risk Tools for quantitative identification of risk Allocation of resources to the use of risk analysis tools Calculating the impact Study session 11: Supplier selection Techniques for appraising potential suppliers Relating supplier selection to risk management Assessing financial health Early warning of supplier difficulties Study session 12: Ethics, corporate social responsibility (CSR), health and safety The changing nature of ethics Corporate social responsibility in relation to the supply chain Safety issues and hazard operability analysis Health and safety issues in the supply chain The potential for fraud and corruption in the supply chain Developing an ethical code for supply chain managers Study session 13: Project management including project appraisals Approaches to investment appraisal Issues in capital projects Managing project failures Study session 14: Contractual issues and negotiations Contract failure and remedy Mitigating consequential losses Compensation for project failure Corrective action following contract failure Alternative approaches to settling disputes Sound negotiation techniques Study session 15: Public sector issues The public sector in context Risks in public sector projects EU public procurement directives The role of audit bodies in the public sector The role of the Office of Government Commerce in promoting risk management Risks associated with free access to information in the public sector Study session 16: Technological and environmental issues Procurement efficiency gains from information technology The impact of new developments Limiting the damage from failures in change Legislation and procurement Assessing environmental risk Study session 17: International issues Global and international purchasing Cultural and language impacts on overseas relationships Improving relations with foreign suppliers Geographical effects in the supply chain Payment methods for international settlements The effects of international standards Study session 18: Quality issues Quality issues in specification Evaluating the relative costs of quality Product liability Quality management systems summarised Measuring quality Study session 19: Controlling the risks Internal auditing in relation to procurement The contribution from external audit and external consultants Control models, feedback and appraisal Using IT to assist in risk management Study session 20: Contingency planning Key staff succession planning Avoiding disasters by implementing good design IT disaster recovery planning Planning for disaster recovery in the supply chain