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Risk Management in Supply Chain and Procurement

5 Day Training

Dates: 20 – 24 May | 24 – 28 June 2024
Locations: Johannesburg, South Africa
Platform: Available In-Class / Online

Price: Available on request

This is a non-Accredited course.

Course Introduction

Modern supply chain and procurement management is a complex system that is intrinsically impacted by internal and external disruptions. Learning how to manage the risk within the supply chain and procurement is of utmost importance to managers, senior executives, and anyone in an associated role. This has never been more important than in recent times with the increasing global pressures such as increased competition, tighter margins, and shifting business environments.

 

The ability to manage this risk effectively can have far-reaching effects on the growth and sustainability of a company so it is vitally important that supply chain practitioners are trained in this area. Are you aware of the level of risk currently posed by inefficiencies or disruption to your supply chain and procurement functions? Do you want to build a fully integrated risk management system that will reduce inefficiencies and improve profitability? This training course will help you confidently analyse the expected impact of all potential risks and develop the necessary methodology to ensure a smooth and sustainable recovery plan for your organization. It is important to leverage competitive advantage in supply chain and procurement by engaging risk averse practices, tools and techniques.

Course Objectives

By completing this Supply Chain Risk Management Course you should be able to –

  • Understand the complexities and impact of supply chain risk and be able to plan accordingly

  • Implement a robust disaster preparedness and recovery plan

  • Utilize relevant technology or software for risk modelling and identification

  • Recognize, assess and mitigate various types of risk throughout the supply chain

  • Prepare in advance for external or environmental events that may impact supply chain management

Training Methodology

This Course will be taught as an interactive training program and will provide you with plenty of opportunities to learn from and engage with other participants

You will experience –

  • Seminars and Presentations

  • Lectures and guest lectures

  • Group work and group discussions

  • Graded assignments

  • Case studies and real-world best-practice methodologies

Organizational Benefits

There are many distinct benefits for your organization in having relevant personnel attend this training course –

  • Using risk modelling to better understand and mitigate supply chain risks

  • Greater control and flexibility in how to deal with anticipated risk

  • Employees naturally will take risks of varying degrees, and organizations must be aware of this so that they can plan effectively

  • Increased efficiencies and cost benefits within supply chain and procurement management function

  • Developing a strong recovery roadmap and disaster planning framework for the benefit of the organization

  • A greater understanding of the processes involved in supply chain risk management

  • Awareness of the greater impact of decisions at an organizational level

  • Confidence in dealing with unexpected situations through extended risk modelling

  • Case studies of potentially high-risk situations

  • Understanding the role of software and technology within this process and becoming familiar with the reporting process

  • A preventative disaster recovery plan that you can tailor for your own department

Who should attend?

This Course is of interest to a variety of personnel as we are all inherently involved in the management of risk, but particularly –

  • Risk Management Team

  • Supply Chain Managers

  • Tender and Bids management staff

  • Other Department Heads such as IT, Finance, Operations

  • Human Resources Personnel

  • Anyone involved in the supply chain including distribution and operations staff

  • External consultants and business advisors

  • Plant Managers and Senior Staff

Training methodology

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Unit 1: Basic Concepts in Purchasing and Storage:

  • The importance of procurement and storage in the integrated planning of the organization.

  • The impact of the cost of purchase and storage on the income of the organization.

  • Purchase and storage policies.

  • Centralization and decentralization of procurement and storage.

  • Responsibilities and duties of employees in procurement and warehouses.

Unit 2: Purchase, Planning and Organizing the Stores:

  • Sources of supply.

  • Factors of trade-off between suppliers.

  • Internal organization of stores.

  • Wholesale warehouse and exchange warehouse.

  • Methods of ordering items.

  • Locate the items.

Unit 3: Methods and Procedures of Purchase and Storage:

  • Types of procurement methods (public and limited tender, practice, and direct order).

  • Regulation of procurement methods.

  • Procedures and forms used in procurement and storage.

  • Inventory control and evaluation of procurement work.

  • Inventory control methods.

  • Stock control reports.

  • Stock control indicators.

  • Methods of evaluation and follow-up of procurement.

Unit 4: Storage and Purchase Problems and Methods to Solve:

  • Idle causes and methods of treatment.

  • Administrative, organizational, and physical problems and their impact on procurement and storage.

  • Methods of securing and protecting inventory.

Unit 5: Logistics Management:

  • The role of the company’s logistics, international trade, and customer service.

  • Logistics from an international perspective.

  • Logistics in the procurement procedure.

  • The role of logistics in inventory management and technological information.

  • The importance of logistics in controlling production and avoiding risks.

  • Payment Mechanisms in International Trade “Documentary Collections”.

  • Mechanisms of Performance Assurance in International Trade “Letters of Guarantee / Letter of Credit Guarantee”.

Unit 6: Commercial and Legal Documents from the Perspective of The Sales Contract:

  • The initial invoice with the definition of the most important items.

  • The export contract and defining its legal elements.

  • The correct contract terms.

Unit 7: Export Documents from The Perspective of The International Customs Regulation for Documentary Credits:

  • Commercial and consular invoice.

  • Detection of contents and weights.

  • Certificate of Origin.

  • Documents authenticated by the country ’s imported consulates.

  • Pre-shipment inspection documents.

  • Transport and insurance documents.

Unit 9: Shipping Methods:

  • Mixed shipping.

  • Shipping within containers.

  • Cargo shipping.

  • Shipping by chartered ships.

  • Shipping by rolling ships.

Unit 10: Transportation:

  • Sea Shipping (Types of Ships).

  • Land freight.

  • Airfreight

Unit 11: Clearance & Shipping Procedures:

  • Governing Legislation.

  • Clearance and shipping procedures.

Unit 12: Export Insurance Procedures:

  • Introducing the importance of export insurance to maintain invested capital.

  • Definition of the types of insurance on goods

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