OVERVIEW

This course takes a fresh and concise look at the subject, offering a structured approach to assessing your organization’s PRM state-of-health and helping you doing something about it.

Surveys show that despite its importance, procurement risk management (PRM) is surprisingly under-developed: 50% of enterprises lack formal metrics and procedures for assessing and managing supply risks.

OBJECTIVES

How you will benefit in this course:

  • Demonstrate a clear, comprehensive understanding of the definition and scope of PRM
  • Understand how to identify risks in five distinct operational areas and why they are coming faster than ever
  • Identify how to deal with risks and develop techniques for effective PRM in a number of different risk management scenarios
  • Benefit from having performed a self-assessment of your own company’s risk management coverage and having had sight of at least 70 different procurement-related risks and their potential solutions.

COURSE CONTENT

Day 1

  • A clear definition and scope of procurement risk management
  • Potential sources of risk to the organization

Day 2

  • The difference between commercial and operational risk
  • Supply chain mapping and risk assessment

Day 3

  • Risk elimination, avoidance and reduction techniques
  • Risk transfer and mitigation strategies

Day 4

Outbound Activities Aimed At Improving:

  • Communication
  • Teamwork
  • Confidence
  • Motivation

Day 5

  • Contingency planning
  • Risk assessment and control techniques

*ceremony/certificate

WHO SHOULD ATTEND

  • Procurements professionals
  • Directors/managers
  • Operational staff
  • Financial staff
  • Audit staff
  • Others Interested

METHODOLOGY

  • Face To Face
  • Role playing
  • Post session assessment
  • Video presentation
  • Case study

PERIOD

5 working days

LANGUAGE

  • English
  • Tetun
  • Indonesia