Understanding Supply Chain Risk Management

Course Level 3: Advanced

Estimated Study Time: 2-3 hours

This course introduces you to the multitude of risks that threaten the operation of supply chains at national and global levels. The related course – Understanding Supply Chain Ecosystems – looked at Supply Chain Ecosystems and supply risk involves adverse and unexpected changes to any elements of a supply chain ecosystem.

The aim of SCRM is to reduce supply chain vulnerability by identifying and managing risks within the supply chain and external to it. The course gives examples of resource uncertainties, characteristics of Wicked problems, and describes the elements of a cyber attack. It also lists the six strategies to reduce overall risk exposure.

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Course Content