Procurement and supply professionals work amid supply chain disruption, geopolitical uncertainty, AI-driven change and rising stakeholder expectations. Managing these risks is no longer a compliance exercise. It is a strategic capability that shapes resilience, performance and long-term value. Designed for procurement and supply professionals, this interactive workshop provides practical frameworks, tools and techniques to identify, assess and respond to strategic risks across the procurement lifecycle.
Live online events
Description
Today’s procurement and supply professionals operate in an environment defined by supply chain disruption, geopolitical uncertainty, AI-driven transformation, regulatory change and increasing stakeholder expectations. Managing these risks is no longer simply a compliance exercise, it is a strategic capability that influences organisational resilience, performance and long-term value.
Designed specifically for procurement and supply professionals, this highly interactive workshop provides practical frameworks, tools and techniques to identify, assess and respond to strategic risks across the procurement lifecycle.
Through expert-led discussions, applied exercises, case studies and collaborative learning, participants will develop a practical procurement risk action plan that can be immediately applied within their organisation.
Key Content
Strategic Risk Foundations and ISO 31000
- The strategic role of risk management in procurement and supply.
- Understanding the procurement leader’s role in governance, resilience and value creation.
- Applying the ISO 31000 risk management framework to procurement and supply chains.
- Establishing organisational risk context, appetite and tolerance.
- Distinguishing strategic risk from operational and compliance risk.
Identifying Strategic Procurement Risks
- Identifying internal and external risks affecting procurement and supply chains.
- Analysing geopolitical, economic, technological, environmental and regulatory risks using PESTEL.
- Assessing organisational strengths, vulnerabilities and opportunities through SWOT analysis.
- Mapping interconnected supply chain impacts using the Futures Wheel.
- Prioritising strategic risks and engaging stakeholders to surface emerging issues.
Assessing and Responding to Risk
- Applying qualitative, quantitative and hybrid risk assessment techniques.
- Using Premortem Analysis to identify hidden vulnerabilities before implementation.
- Improving decision-making under uncertainty in complex procurement environments.
- Developing practical risk treatment strategies and mitigation plans.
- Aligning procurement risk management with organisational resilience and strategic objectives.
Strategic Foresight and Scenario Planning
- Building and testing future procurement scenarios using Scenario Planning.
- Identifying weak signals and emerging risks through horizon scanning.
- Preparing procurement strategies for multiple future operating environments.
- Developing practical strategic risk action plans for immediate workplace application.
- Embedding strategic thinking into procurement leadership and organisational decision-making.
Duration
1 day
Delivery
Face-to-face or virtual workshop
Work-based activities, including presentations, group tasks and case studies
