Risk Management in Procurement

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Identify, analyse and manage risk in Procurement and Supply.


May 31, 2021


Closing Date for registrations:

24 May

Course Venue:

Virtual class / Midrand


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R 4450 excluding VAT

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Course Objectives

Identify, analyse and manage risk in Procurement and Supply.

Next date:

31 May - online instructor-led training OR classroom training (Midrand)

Procurement and Supply Chain Management risks can be detrimental to your organisation. Mishaps often radiate and spin out of control and are only identified long after they originated, with far more progressive consequences than initially anticipated. You will gain practical methods for keeping Procurement & Supply Chain Management risk to a minimum in your environment.

Learn how to identify, analyse and manage risk; protect your organisation’s bottom line and save you and your staff valuable time.

You will learn

  • Prevent: How to prevent risks from turning into mishaps., Minimise: How to contain mishaps if and when they occur., Plan: Prioritise risks and how to make others understand the risks we face., Track: How to track and display risk during a commodity / contract cycle., Define and understand risk management in the broad business context., Different general approaches to risk management., A risk management process for procurement and supply., The 'real' sources of risk in procurement and supply and a list of typical risks in procurement and supply., Key risk containment elements for the sourcing and supplier management processes., Practical tools and templates to use in risk management.

Who should attend

  • Procurement and Supply Chain Managers, Supplier Relationship Managers, Commodity Managers, Category Managers, Supply chain Analysts, Sourcing Managers, Cross-functional teams leaders/members, Contract Managers, Logistics supervisors, Operations managers, Inventory managers