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Key details

Mode of delivery: Classroom-based

Course code: PCM11E

Duration: 1 day

Fee: £925.00 + VAT

CPD Hours: 6

Course Overview

This session provides a structured approach to procurement risk management, focusing on identifying vulnerabilities, mitigating risks, and ensuring supply chain resilience. Participants will learn how to analyse procurement risk areas, apply mitigation strategies, and allocate contract risks effectively. They will explore methods for managing supplier-related risks, including compliance challenges and contract failures. The session also covers global supply chain disruptions, providing practical frameworks for contingency planning and risk response.

Agenda

Managing Procurement Risk and Supply Chain Disruptions

Identifying key procurement risk areas and vulnerabilities
Risk assessment and mitigation strategies in procurement
Contract risk allocation and compliance management
Managing supply chain disruptions and contingency planning
Ethical procurement practices and fraud prevention

Course Review

Summary and recap of key learning objectives
Action Planning

Target Audience

This course is suitable for:

Procurement Officers
Category Managers
Supply Chain Managers
Contract Managers
Sustainability and ESG Officers
Procurement Analysts
Senior Procurement Managers
Finance and Compliance Professionals

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

Identify and assess key risks in procurement processes and supplier management.
Develop risk mitigation strategies to minimize procurement disruptions and financial exposure.
Apply contract risk allocation principles to ensure legal and financial protection.
Implement contingency planning to address supply chain disruptions and external market factors.
Ensure compliance with ethical procurement practices and develop fraud prevention mechanisms.