Mitigating Procurement Risk Using Financial Due Diligence

OVERVIEW

This course will enable you to identify, analyze, and control exposure to risks in your supply chain by using financial due diligence. The course is ideal for anyone who needs to understand and manage the risks they face or who has difficult supply chain partners, either as suppliers or customers. It traces the sources of risk and relates the topics covered to both case study examples and situations within your organization.

OBJECTIVES

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

• Identify common areas of resilience and vulnerability
• Use different tools and techniques to identify different risks and the most appropriate response
• Assess risk and its impact on your organization, project, or contract and develop risk management strategies
• Create approaches to ensure risk is mitigated and ethical practice is adopted

TARGET PARTICIPANTS

• Professionals who are dealing with the supply chain aim to have a greater understanding of risk and its consequences.

COURSE CONTENTS

1. Benefits of risk management and the impact of inaction
2. Risk identification and main categories of risk
3. Risk management cycle
4. Strategic risk planning
5. Mitigation strategies
6. Financial Due Diligence