Supply Chain Seminar Series
"I came into the Lean Supply Chain Seminar Series with one question. I came out with that question answered, but many more to ask of my senior leadership team. Excellent."
Join faculty and key industry professionals to expand your understanding of strategic supply chain management. Focus on current issues impacting your performance, to help your business run more efficiently, effectively, and ethically.
August 21, 2014
Risk Mitigation in the Global Supply Chain ($1,125)
November 20, 2014
Supplier Relationship Management in the Global Supply Chain ($1,125)
Class Times: 8:30 a.m. - 4:30 p.m. (a detailed schedule will be sent to all participants prior to the program.)
Program Fee: The fee listed above includes tuition, all program materials, continental breakfast and lunch on the day of class)
Location: Loyola's Water Tower Campus
1 E. Pearson, Chicago, Illinois 60611, conveniently located just off of Michigan Avenue
This program also can be conducted on site and designed around the needs of a group of managers from your organization.
For course consultation, please contact us at: 312.915.6761 or firstname.lastname@example.org.
Session 3 Overview: Risk Mitigation in the Global Supply Chain
Across business sectors, supply chains have grown in length and/or complexity, with inherent risk further exasperated by supply chain wide pressure to reduce inventories during the most recent economic down turn. Whether your company has moved to off-sourcing operations to reduce cost or are part of the trend to near-shore operations, supply chains are evolving and the risk associated with them are changing and becoming more top of mind with today’s executives. The increasingly global economy makes supply chains more distributed and complex in the following ways:
- Complicates assessment and quantification
- Adds to risk management uncertainty
- Makes the exposure less transparent
PwC’s (as well as others’) research show that enterprises that are exposed to a disruption in their supply chain suffer extensive reductions in shareholder value. Research indicates that a firm’s share values decrease an average of 7% after a reported disruption. And the average estimated loss in market cap of a Fortune 500 company after a reported disruption is $3.2B.
Risk in the supply chain is categorized into 4 main groups: (1) financial, (2) operational, (3) geopolitical, and (4) regulatory risks. Within these categories, the most significant supply chain risks include global governance failure, terrorism, extreme weather, major systemic financial failure, volatility of energy and agriculture prices, and resource supply vulnerability.
Supply Chain Risk Management is often viewed as an exercise in theory focused on the negative. The workshop highlights a strategic and practical approach to Supply Chain Risk Management, focused on benefits of building resiliency into your supply chain.
During this program, participants will:
- Improve your responsiveness to customers
- Develop a more efficient supply chain to meet customers’ needs
- Establish effective measurements and metrics to take back to your company
- Learn techniques to minimize impact of supply chain failure by leveraging predictive analytical techniques and designing a resilient supply chain
- Explore ways to gain market share and value after a supply chain disruption
- Understand the total cost (not just the transaction level cost) of supply chain design decisions
- Framework for risk adjusted cost when making sourcing decisions
- Impact of “tax efficient” supply chain
- Considerations when making supply chain infrastructure decisions (i.e., concentrated trade lanes, large efficient distribution centers, concentrated administrative operations and technology dependencies, etc.)
Who Should Attend
The Supply Chain Seminar Series is designed for supply and value chain professionals who wish to improve their understanding of Risk Management. Specifically designed for senior management with Supply Chain, Financial, and/or Risk Management responsibility, sourcing and procurement teams, import/export managers, logistics managers, supply chain managers, material managers, and organizations with physical supply chains (manufacturers, distributors).
This workshop is specifically designed for organizations ready to embrace practical Supply Chain Risk Management techniques to build resiliency in their supply chain for a competitive advantage.
To benefit most from this program and to foster a rich exchange of ideas among a diverse group of peers, participants should work in the supply chain and have several years of full-time work experience.
Experienced professionals who are currently in transition will also find this program valuable. The Supply Chain Seminar Series offers these individuals an opportunity to update skills, stay abreast of current trends in Supply Chain Management, and demonstrate to hiring managers a dedication to professional development.
Participants represent a wide variety of industries and organizations, including medium- to large-sized corporations, non-profits, government agencies, and small businesses.
Program Learning Objectives and Content
- Understand the exposure of today’s more global supply chains
- Review inherent risk and practical risk management techniques with today’s complex supply chains
- Introduce a practical framework and approach to manage supplier and supply chain risk
- Introduce a Supply Chain Risk maturity framework to assess where your enterprise ranks against leading practices
- Introduce a leading analytical technique to leverage “big data” to simulate Supply Chain Risk and through analytical visualization and develop a practical action plan
Through instruction, discussion, small group activities, case study work, and interactive exercises, topics in this workshop will include:
Part 1: Review of the empirical evidence of the impact of supply chain risk
Part 2: Supply chain risk considerations across various industries (interactive, based on participant sector representation)
- Industrial Product Sectors
- Retail and Consumer and Food Sectors
- Technology Sectors
Part 3: Supplier risk within the supply chain (interactive case study)
Part 4: End-to-end supply chain risk simulation (interactive case study)
Part 5: Supply chain risk maturity framework and a call to action
The Supply Chain Seminar Series is taught by leading instructors from Loyola’s Quinlan School of Business, home of the nationally ranked part-time MBA program, and leading industry practitioners from PricewaterhouseCoopers. Loyola Executive Education faculty are in great demand as consultants to corporations, non-profits, and government agencies throughout the region and around the world. The faculty are skilled in making business concepts and skills readily understandable and immediately useful to you. To do this, they engage you in dialogue about your experiences and how what you are learning can be applied on the job. This makes the program personally relevant and focused on real-world results.