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Excellence in Strategic Risk Management

If the thought of unseen risk lurking along your global supply chain keeps you up at night, then this course is for you. It’s impossible to eliminate all risk, but you can prepare for it by learning to identify it, analyze it, anticipate its impact and determine its probability. This must-attend seminar will help you in your quest to reduce and mitigate risk and will give you a solid understanding of risk analysis, managing risk, compliance and execution. Excel based tools and templates will be provided for weighted risk factors, financial impact and probability analysis.

Member Price: $1,199.00

List Price: $1,499.00
VIRTUAL CLASS
Early Bird Pricing Ends on Dec 12 2021

Date

Jan 11-12, 2022

Add To Calendar 1/11/2022 10:00:00 AM 1/12/2022 6:00:00 PM ET Excellence in Strategic Risk Management Online

Location

Online
Format
Virtual Class
CEH Credits
14.0
Product Code
VC-4474-22

Additional Information

Presenters

David Malone has over 25 years of management experience within municipal and Fortune 500 organizations specializing in supply chain management and strategic sourcing, with a focus on using data analytics to drive sustainable cost reductions. David currently serves as Chief Procurement Officer for King County in Seattle, Washington, responsible for oversight of over $2.7 billion in purchases.

Prior to joining King County, David served as Chief Procurement Officer for the Washington Suburban Sanitary Commission in Laurel, Maryland, the 8th largest water utility in the US. He has also held roles as VP of Operations for Systems Automotive Interiors, a tier 1 seat supplier to Toyota Motor Manufacturing Mississippi and Director, Supply Chain Services, U.S. Cellular ® Corporation in Chicago, Illinois. Malone was the principal of David Malone & Associates, providing business development and consulting services to both public and private sector clients and was Senior Vice President, Mesirow Financial. From 2000 to 2004, Malone served as the Chief Procurement Officer for the City of Chicago. In that role, his responsibilities included all aspects of the contracting process, including contract negotiations, contract awards and the Minority Business Enterprise program, with management accountability for over $2 billion dollars in annual purchases David has also served in Supply Chain leadership roles at R.R. Donnelley & Sons Co, Avery Dennison Corporation, Xerox Corporation and Digital Equipment Corporation. He has global business experience, having conducted business in Europe, Asia, and South America.

Description

Learning Objectives:

  • How quickly global supply chain disruptions can impact an organization
  • Factors driving greater risk trends
  • Impacts of leadership and culture of risk management
  • What it takes to develop a risk management process
  • How to identify types of risks, probabilities, likely impacts and risk profiles
  • Risk management strategies, resources and tools (including Excel files)
  • Ways to allocate resources, execute strategies and review results
  • Legal and compliance issues in risk
  • Implications to manage hazardous wastes and end of life cycle issues
  • Risks associated with outsourcing
  • How to establish internal control systems

Virtual Class Schedule:

Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)

Course Outline:

  1. Leading edge ways of analyzing organizational risk within the global environment – Key terms and definitions; Multiple factors increasing risk throughout the entire supply chain; Supply management’s strategic involvement to quantify risk and financial impact
  2. Best known methods in managing risk – Leadership and cultural implications on risk; Implementing a risk management process; Developing mitigating strategies to minimize organizational impact; Practical tools to scope mitigating strategies; Allocating resources and developing processes to proactively flag internal and external risk situations; Creating policy and procedures to define how to manage before-the-fact, during-the-fact and after-the-fact situations
  3. Awareness of legal implications and governmental regulations – Review of governing laws and regulations including common law, civil law, trade, health and safety, IP and environmental; Instituting control mechanisms to drive compliance; Comprehend risk through the life-cycle of a product including end-of-life hazards, costs and sustainability
  4. Execution of risk management including – Decision makers analyzing make-vs-buy with options to outsource both domestically and internationally; Technology to enable end to end systems capability with control features for business continuity and recovery; Impactful reporting, risk reviews and audit processes

Terms And Conditions

Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.

Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.

Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.

View full terms of service here.