CIPS L5 Advanced Diploma

L5M2 Managing Supply Chain Risk

On-demand tuition provides access to a full suite of our excellent teaching materials, and importantly a pre-recorded tutor explanation of all theory split into convenient small sections. You can access these resources whenever you desire, from everywhere, with tutor support being provided as required.

On completion of this module, learners will be able to appraise a variety of tools and techniques to establish the level of risk in supply chains and to recommend and apply ways of avoiding, mitigating or managing risk.

Course curriculum

  • 1

    Course Preview and Explanation

  • 2

    Chapter 1 - Understand the nature of risk affecting supply chains

    • Chapter 1 - Session Notes

    • LO1.1|Define the different types of risk that can impact on supply chains

    • LO1.2|Assess operational risks in supply chains

    • LO1.3|Compare methods for eliminating bribery, corruption and fraud in supply chains

    • LO1.4|Contrast risks in supply chains that can impact on organisational corporate social responsibility and sustainability standards

    • Practice Questions
  • 3

    Chapter 2 - Understand processes in managing risk in supply chains

    • Chapter 2 - Session Notes

    • LO2.1|Examine the use of contractual remedies for managing risks in supply chains

    • LO2.2|Analyse the use of outsourced third parties in risk management in supply chains

    • LO2.3|Assess the use of insurances for protection of risks in supply chains

    • LO2.4|Examine the use of contingency plans to overcome risks in supply chains

    • Practice Questions
  • 4

    Chapter 3 - Understand risk mitigation strategies in supply chains

    • Chapter 3 - Session Notes

    • LO3.1|Identify the use of probability and impact assessment to manage risks in supply chains

    • LO3.2|Analyse a risk assessment and a risk register to mitigate risks in a supply chain

    • LO3.3|Explain the development of a risk management culture and strategy to improve supply chains

    • LO3.4|Compare strategic approaches to mitigate risks in supply chains

    • Risk Register Template

    • Practice Questions
  • 5

    CIPS Practice Questions

    • CIPS Practice Questions