Supply Chain Risk and Resilience Level 1

Introduction

Surveys and studies have concluded that, for a variety of reasons, supply chain risk is increasing globally and that supply chain resilience is increasingly a competitive differentiator. The financial impact of supply chain disruptions can be devastating and are often not understood until it is too late. Supply chain strategies driven primarily by cost management and delivery improvements are no longer comprehensive enough to ensure competitive success. Unfortunately, showing a hard ROI for risk management initiatives is a difficult sell.

This new course provides knowledge and tools to guide you through understanding the choices available to your organization to manage supply chain risk and enhance the resiliency required for long term sustainability and profitability. Structured in three levels, Level 1 will review Supply Chain Management fundamentals, industry trends, the impact of uncertainty, complexity, and risk and the identification of supply chain risks.

In Levels 2 and 3, toolsets will be developed and case studies offered that delve into the impact of risk on various aspects of your organization.

Supply chain risk is increasing globally as supply chains expand to all corners of the earth. Supply chain resilience is increasingly a competitive differentiator to gain and keep business.

It is no longer sufficient for supply chain strategies to be primarily driven by cost management and delivery improvements. As a learner, upon completion of the three levels, you will acquire knowledge and insight that enables you to identify, assess, mitigate and manage supply chain risks. This will culminate in earning the Supply Chain Risk and Resiliency Certificate.

Scope of this Course

This course is to provide a level of appreciation to the learner regarding the elements of basic supply chain management (SCM), an evolving field which seeks to integrate the functions of an organization. While SCM has evolved in improving organizations’ efficiency and profitability by applying technology, vulnerabilities have been exposed through globalization. The course seeks to position the continued maturity of SCM in a more comprehensive approach including supply chain risk and resilience.

There will be multiple themes in all three levels such as the financial impact of supply chain disruptions. These can be devastating but are often not understood until it is too late. Disruptions caused by natural disasters or malicious actions or poor management have an ever greater impact on supply chains. The supply chain profession, which integrates the many functions that organizations need to operate, is an evolving discipline impacted by technology and greater risk. Understanding these components is a must for the novice in this field as well as the experienced manager. The course utilizes the principles of Supply Chain Risk Management, authored by Greg Schlegel and Robert Trent.

Skills you will learn

Gain an appreciation for basic elements of Supply Chain Management

Understand the reasons for good supply chain risk and resiliency best practices

Learn of the financial implications of supply chain disruptions

Identify supply chain trends and their impact on profitability and resiliency

Gain an understanding of the impact of global volatility on supply chain operational performance

Increase comprehension of the importance of supply chain cyber security

Who Should Attend

Level 1 is intended to set the foundation for Supply Chain Risk and Resilience (SCR&R) Body of Knowledge and prepare for Levels 2 and 3 that lead to earning the Certificate in SCR&R.

Aspiring supply chain professionals who seek to understand the dynamics of Supply Chain Risk and Resilience as well as learners who work in risk management and finance, information management, supply chain management, logistics, procurement, manufacturing, operations and distribution will benefit from the SCR&R Body of Knowledge.

Certification

Completing Supply Chain Risk and Resilience Level 1, 2 and 3 will confer upon the learner the Supply Chain Risk and Resiliency Certificate.