L5M2 Test Questions
Managing Supply Chain Risk (L5M2)
Description
We are an innovative virtual training company headed by our Training Director Laura Scarfe and a team of expert associates.
We are passionate about creating the most engaging learning experience and use our knowledge of neuroscience to design our courses in order to increase understanding and promote memory.
Written by CIPS assessment authors
Covers all 5 possible question types
100 questions covering all 3 learning objectives
Explanations of the answer
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.
Risk management is a central part of an organisation’s strategy. It is a process whereby the organisation will identify, record and then address the risks associated with their activities with the aim of driving out or controlling those risks to the overall benefit of organisational efficiency and effectiveness. The supply chain is by its very nature a complex activity which is therefore susceptible to risk and its associated impacts. This module is designed to enable learners to examine the nature of supply chain risk and to evaluate mitigation techniques which are available to them as they deal with the associated challenges. They will undertake risk analysis and consider the advantages of a risk register as they apply a range of appropriate risk management tools and techniques to the supply chain.
What You Will Learn!
- Understand the nature of risk affecting supply chains
- Understand processes in managing risk in supply chains
- Understand risk mitigation strategies in supply chains
- Explain the development of a risk management culture and strategy to improve supply chains
Who Should Attend!
- CIPS Level 5 Advanced Professional Diploma in Procurement and Supply is a vocationally related professional qualification.