WORKSHOP OVERVIEW

Risk management has become an increasingly important corporate strategic initiative, and supply chain management (SCM) often plays a lead role in identifying potential risk and planning risk mitigation including avoidance, transference, and resilience. In some cases, risk is even accepted as a normal course of business. Risk management requires the integration of people, technology, information and resources both internal and external to the organization.

This workshop focuses on the issues in risk identification, mitigation and management, using appropriate tools to determine a course of action for the company. Various tools will be discussed and candidates will have an opportunity to use these tools in their own companies.

WORKSHOP GOALS

Upon completion of this module candidates should be able to:

• Critique your organization's preparedness for risk management
• Select appropriate applications for identifying, quantifying and mitigating risk
• Differentiate between the four strategies of dealing with risk, including acceptance, avoidance, mitigation and transference and know when to apply each
• Develop risk management preparedness strategies
• Describe critical steps and roles in the risk management process