CIPS Level 5 - Managing Supply Chain Risk [L5M2]

About this course

On completion of this module, you will be able to evaluate 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.Managing risks is a key part of any organisation’s strategy. It involves identifying, documenting, and dealing with potential risks that could affect operations. Because supply chains can be complex and interconnected, they are often vulnerable to different forms of risk. ESG (Environmental, Social, and Governance) considerations also contribute to supply chain risk, so understanding them is essential. This module helps you examine the nature and sources of supply chain risk and identify and implement appropriate risk management and mitigation techniques. You will analyse risks, understand the value of risk registers, and apply a range of tools to manage typical supply chain issues.Did you know: The average global organisation experiences a supply chain disruption every 4 years, according to major industry studies, yet over 70% of firms still rely heavily on manual or outdated risk-tracking methods. Modern risk management increasingly uses predictive analytics and scenario modelling to spot vulnerabilities before they happen, giving procurement professionals a strategic advantage in anticipating and preventing disruption.