Managing Supply Chain & Contractual Risks

“Navigating Risks in Supply Chain and Contracts for Better Business Outcomes”

Course Schedule

Date Venue Fees (Face-to-Face)
20 – 24 Apr 2025 Kuwait USD 3495 per delegate

Course Introduction

In today’s global economy, managing supply chain and contractual risks is critical for businesses to stay competitive and profitable. This 5-day course is designed for professionals responsible for managing supply chain operations, procurement, and contracts.

Participants will learn how to identify, assess, and mitigate risks in supply chain management and contractual agreements to ensure smooth operations and minimize disruptions. The course covers risk management strategies, contract law, supply chain disruptions, and best practices for managing risks throughout the supply chain.

Course Objectives

By the end of this course, participants will be able to:

  • Understand the principles of risk management in supply chain and contracts.

  • Identify and assess supply chain risks and contractual risks.

  • Develop strategies to mitigate risks and prevent disruptions.

  • Manage contract negotiations to reduce legal and financial risks.

  • Optimize risk management processes for improved supply chain performance.

Why you Should Attend

  • Learn to identify and mitigate key risks in the supply chain and contracts.

  • Gain a deeper understanding of the legal aspects of contracts and risk management.

  • Enhance your ability to handle contract disputes and supply chain disruptions.

  • Improve the efficiency of your supply chain by minimizing risks and delays.

  • Equip yourself with the skills to manage and reduce contractual liabilities and financial risks.

Intended Audience

This program is designed for:
• Supply chain managers and procurement professionals
• Contract managers and legal professionals
• Risk management specialists
• Operations and logistics managers
• Professionals involved in negotiating and managing supply chain contracts

Individual Benefits

Key competencies that will be developed include:

  • Expertise in identifying and managing supply chain and contractual risks.

  • Improved decision-making skills in managing risk in procurement and contract negotiations.

  • Enhanced skills in dispute resolution and legal contract management.

  • Proficiency in implementing risk mitigation strategies to ensure business continuity.

  • Ability to manage supply chain disruptions effectively and reduce downtime.

Organization Benefits

Upon completing the training course, participants will demonstrate:
• Enhanced risk management practices leading to smoother and more resilient supply chain operations.
• Improved contract negotiation skills that minimize legal and financial risks.
• Reduced operational costs through proactive risk identification and mitigation.
• Better overall management of supply chain disruptions and contractual challenges.
• Increased ability to manage risk across all stages of the supply chain, from procurement to delivery.

Instructional Methdology

The course follows a blended learning approach combining theory with practice:

  • Strategy Briefings – In-depth discussions on risk management principles and best practices in supply chain and contracts.

  • Case Studies – Real-world examples of risk management challenges and solutions in supply chain management.

  • Workshops – Hands-on exercises for developing risk mitigation strategies and managing contract risks.

  • Peer Exchange – Group discussions to share experiences and best practices for managing supply chain and contractual risks.

  • Tools – Practical tools and templates for assessing and managing risks in supply chain and contract management.

Course Outline

Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00

Day 1: Introduction to Supply Chain and Contractual Risks
Module 1: Understanding Supply Chain Risks (07:30 – 09:30)

  • Types of risks in supply chain management: operational, financial, strategic

  • Risk assessment techniques and tools for supply chain operations

  • Risk management frameworks for improving supply chain resilience

Module 2: Contractual Risks and Legal Aspects (09:45 – 11:15)

  • Legal principles of contract law and how they relate to supply chain agreements

  • Common contractual risks in procurement and supply chain contracts

  • Managing and mitigating legal and financial risks in contracts

Module 3: Identifying and Assessing Risks in Contracts and Supply Chains (11:30 – 01:00)

  • Techniques for identifying potential risks in contracts and supply chain operations

  • Quantifying risk and assessing its potential impact on operations and finances

  • Developing risk matrices and other tools for effective risk analysis

Day 2: Risk Mitigation Strategies and Tools
Module 1: Risk Mitigation in Supply Chain Management (07:30 – 09:30)

  • Strategies for mitigating supply chain risks: diversification, vendor management, logistics planning

  • Building resilience in supply chain operations

  • Using technology to track and manage supply chain risks

Module 2: Risk Mitigation in Contract Management (09:45 – 11:15)

  • Contract clauses and terms that can help mitigate risk

  • Negotiating contracts with risk management in mind

  • Understanding indemnity, insurance, and performance guarantees in contracts

Module 3: Case Studies in Risk Mitigation (11:30 – 01:00)

  • Review of real-world examples where risk mitigation strategies have been applied successfully

  • Lessons learned from case studies and industry best practices

  • Practical exercises to develop risk mitigation strategies for various supply chain scenarios

Day 3: Managing Supply Chain Disruptions
Module 1: Understanding and Managing Disruptions in the Supply Chain (07:30 – 09:30)

  • Types of disruptions in the supply chain: natural disasters, geopolitical events, labor strikes

  • Assessing the impact of disruptions and developing contingency plans

  • Techniques for recovering from supply chain disruptions

Module 2: Supply Chain Risk Monitoring and Response (09:45 – 11:15)

  • Tools and techniques for monitoring risks and disruptions in real-time

  • Developing response strategies for minimizing the impact of disruptions

  • Communication strategies for managing stakeholders during disruptions

Module 3: Crisis Management and Recovery Planning (11:30 – 01:00)

  • Creating a crisis management plan for supply chain disruptions

  • Steps to recover from disruptions and restore normal operations

  • Case studies on successful crisis management in supply chains

Day 4: Contract Negotiations and Managing Risk in Agreements
Module 1: Contract Negotiation Techniques for Risk Management (07:30 – 09:30)

  • Effective negotiation strategies to address risk concerns in contracts

  • Understanding contract clauses that protect against risks

  • How to handle disagreements and risks during contract negotiations

Module 2: Monitoring and Managing Contract Performance (09:45 – 11:15)

  • Tools for monitoring compliance with contract terms and conditions

  • Managing performance issues and mitigating risks during contract execution

  • Early warning signs of contract breaches and how to address them

Module 3: Supplier and Vendor Risk Management (11:30 – 01:00)

  • Techniques for evaluating and managing vendor risks

  • Creating vendor agreements that mitigate supply chain and contractual risks

  • Building strong relationships with suppliers to reduce risks and ensure reliability

Day 5: Developing a Comprehensive Risk Management Plan
Module 1: Risk Management Framework for Supply Chain and Contracts (07:30 – 09:30)

  • Developing a comprehensive risk management framework for supply chains and contracts

  • Setting risk management objectives and key performance indicators (KPIs)

  • Integrating risk management into day-to-day operations and decision-making

Module 2: Implementing Risk Management Strategies Across the Organization (09:45 – 11:15)

  • Ensuring organizational alignment with risk management practices

  • Building a risk-conscious culture within supply chain and contract management teams

  • Training and educating teams on risk management principles

Module 3: Final Review and Action Plan (11:30 – 01:00)

  • Reviewing key learning outcomes and strategies for managing supply chain and contractual risks

  • Developing a personalized action plan for applying risk management practices in your organization

  • Final Q&A and feedback session

Certification

Upon completing the training course, participants will receive a Certificate of Completion in Managing Supply Chain & Contractual Risks, recognizing their ability to manage risks within supply chain and contractual environments, ensuring operational efficiency and minimizing financial and legal exposures.

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