Operations, Supply Chain & Business AnalyticsSustainable Business

Supply Chain Fundamentals: Risk and Resilience

Supply chain resilience is an incredibly important factor for every company. It can reduce risks to shareholder value and provide companies with a competitive advantage. In this course, professor Richard Wilding shows how you can build supply chain resilience by learning about the external sources of risk and disruption, the internal risks, and the relationship between the elements of the complexity triangle, which create uncertainty. He also explains how to build a supply chain strategy, and build products and services that promote a resilient supply chain, and how agility and flexibility can help you respond to risks and minimize disruptions. Other important topics covered include relationships, culture, transparency, and risk monitoring. In the latter half of the course, Richard takes a look at international risk management standards; how to identify, analyze, and evaluate risks; and how to monitor and review risks.

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