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Risk Management in Procurement Course
- Master Risk Management: Principles and frameworks
- Apply Strategies: Through practical exercises
- Flexible Learning: Complete the course in 8-16 hours
1. Advanced Risk Identification
Develop the expertise to identify potential procurement risks early and accurately
2. Developing Risk Strategies
Develop and implement effective risk mitigation strategies suitable for your procurement process
3. Analyze Risk Impact
Make informed decisions based on probability and impact analysis and consider risk tolerance
100% Money-Back Guarantee
Receive a 100% refund if you’re not satisfied within 60 days
Self-Paced Learning
Study when it fits your schedule, with 8-16 hours of content
Certificate Course
Complete the course to receive your official certificate
WHAT YOU WILL LEARN
Risk Management in Procurement Course
- This course is designed to help professionals build a solid foundation in risk management
- You’ll develop the expertise to identify, assess, mitigate, and monitor procurement risks effectively, making a pivotal contribution to your organization’s resilience and strategic success.
1. Introduction to Risk Management
In the first module, we will lay the foundation of risk management in procurement. We will dive deep into the critical principles and practices of risk management. You will be introduced to the overarching concepts of risk identification, assessment, mitigation, and monitoring, all crucial for safeguarding procurement operations.
We designed this module to be both enlightening and interactive, it lays the groundwork for your journey towards mastering risk mitigation. Prepare to broaden your expertise and insight into this essential aspect of procurement, enhancing your ability to navigate and manage risks effectively!
What you will learn:
- Understanding Risk Management Framework
- Types and Sources of Risk in Procurement
- The Business Consequences of Unmanaged Risks
- Principles of Risk Management in Procurement
- Integrating Risk Management into Strategic Sourcing
This module includes:
- Extra reading material
- 7 video lessons
- Templates
Download the syllabus to learn all about this course.
2. Risk Identification and Analysis
In Module 2, we delve further into the complexities of risk management by focusing on the initial stages of the risk cycle: Identifying and Assessing risks. This module is designed to equip you with the tools and techniques necessary for a comprehensive understanding of potential risks in procurement and their impacts.
Through a combination of theory and practical applications, you will learn to systematically identify various types of procurement risks and evaluate their probability and severity. This module aims to enhance your analytical skills, enabling you to make informed decisions and prepare effective risk mitigation strategies.
Embark on this engaging journey to refine your ability to anticipate and assess risks, setting a strong foundation for advanced risk management strategies in the following modules.
What you will learn:
- Risk Management Category Strategy Template analysis
- Risk Identification Techniques
- Analyzing Risk Probability and Impact
This module includes:
- Extra reading material
- 4 video lessons
- Templates
Download the syllabus to learn all about this course.
3. Risk Mitigation Strategies
In this module we will transition from identifying and assessing risks to actively mitigating and managing them. This critical phase of the course introduces you to a range of strategies and practical approaches for minimizing the impact of identified risks on your procurement processes.
Structured to be highly interactive and application-focused, this module covers the essentials of risk mitigation, including accepting, avoiding, transferring, and reducing risks. Through detailed exploration of real-world case studies and practical tools, you’ll gain insights into crafting robust risk mitigation strategies tailored to diverse procurement scenarios.
Prepare to dive deep into the nuances of mitigating procurement risks, enhancing your strategic decision-making and operational resilience.
What you will learn:
- Developing Effective Risk Responses
- Financial Risk Management
- Operational Risk Management
- Legal and Compliance Risk Management in Procurement
- ESG Risks in Procurement
- Advanced Risk Management Technique: Scenario Planning
This module includes:
- Extra reading material
- 7 video lessons
Download the syllabus to learn all about this course.
4. Implementing and Monitoring Risk Management Plans
In Module 4, we focus on Implementing and Monitoring Risk Management Plans in procurement. This module teaches the practical steps for activating your risk mitigation strategies and the ongoing process of risk monitoring. Through interactive exercises and case studies, you’ll learn to apply dynamic risk management plans tailored to real-world procurement challenges.
This module equips you with the skills for a proactive approach to risk, blending theory with actionable insights. Get ready to enhance your procurement strategy with advanced risk management techniques.
What you will learn:
- Creating and Implementing a Risk Management Plan
- Ongoing Risk Evaluation and Monitoring
- Soft Skills Required for Risk Management
This module includes:
- Extra reading material
- 4 video lessons
Download the syllabus to learn all about this course.
22 Video Lessons
Assignments + templates + coaching
Self-Paced Learning
8-16 hours study time
12 Months
Unlimited access
Rating
★★★★★ 4.9
100% Money-Back Guarantee
Try it for 60-days risk-free
WHAT’S INCLUDED
Download the course syllabus
Free PDF
Including all course information
Free Preview
Of a video lesson
LESSON PREVIEW
Understanding the Risk Management Framework
PRICING
Select your plan
MOST POPULAR
Single Course
1 Certificate Course
$875
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
Access To All
All study material worth $20,701
$1,625
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
✔ ChatGPT community
✔ 17 certificate courses
✔ Access to future courses
✔ 54 templates
✔ Community & live events
✔ Personal coaching
Team
For Procurement Teams
$3,250 – $40,625
✔ 12 months access
✔ Certificate after completion
✔ 60-day money-back guarantee
✔ ChatGPT community
✔ 17 certificate courses
✔ Access to future courses
✔ 54 templates
✔ Community & live events
✔ Personal coaching
✔ Personalized learning journey
✔ Skills assessment
✔ Team workshop
✔ Learning consultant
- (€) EUR
- (£) GBP
- (₹) INR
What Procurement Tactics members get
Your (Access To All) membership with Procurement Tactics includes access to everything you need
to grow your career and boost your job performance.
Worldwide Community
Expand your horizon with new perspectives, thought-provoking discussions, and best practices from peers around the world.
Procurement Template Library
Never start from scratch by accessing powerful
off-the-shelf templates for your job.
Live Events
Stay up-to-date with the latest procurement trends and innovations by joining regular live events.
Bite-Sized Learning Library
Learn more in less time with bite-sized knowledge for busy minds. Get comfortable with a new topic in just 10 minutes.
Career Center
Redefine your career trajectory and fast-track your personal growth with powerful career mapping and feedback tools.
Learning Coach
Learning coaches act as your personal learning rocket fuel by providing the support and accountability you need to progress.
Professional Study Platform
Self-paced learning whenever you want, on your computer or your phone.
Staying up-to-date
Members receive regular updates trends we’re seeing in the world of procurement.
Industry Recognized Certificate
After completing your course you’ll receive an official certificate
Procurement training for teams
We offer personalized coaching and synchronized sessions to procurement teams
Procurement education has a clear ROI
Companies that invest in procurement capabilities perform better according to research by McKinsey
%
as likely to have a higher EBIT margin
%
as likely to have a higher sales growth
%
as likely to have a higher EV/book value
Enroll with your team, schedule a demo
In a 30-minute call, we’ll show you our study platform and give you a custom team license. We’re trusted by 1000+ procurement teams.
Schedule a demo
Zoya Chechulina
Risk Management Expert
About your instructor
✓ Risk Management Expert: Welcome to our course about Risk Mitigation in Procurement
✓ University Professor: Teaching is my passion, and I’ve had the opportunity to impart knowledge in numerous business schools and universities
✓ Procurement Consultant: With over 20 years in Procurement and Business Transformation
Frequently Asked Questions
We have put together some frequently asked questions
Will I get a certificate?
+ other popular questions
What is Procurement Tactics?
+ our mission and vision
How do the courses work?
+ turning theory into practice
What is the price?
There are 2 options:
- Buy single-course access for $875
- Buy access to all courses for $1625
Why should I enroll?
Enrolling in the Risk Management in Procurement course elevates your procurement skills, offering:
- Skill Development: Learn to navigate procurement risks effectively, enhancing strategic decision-making.
- Practical Insights: Benefit from real-world case studies and interactive learning, applying lessons directly to your role.
- Expert Guidance: Gain from an experienced instructor’s insights into overcoming procurement challenges.
- Career Growth: Become indispensable in your organization by mastering risk management, and opening up advancement opportunities.
- Flexible Learning: Study at your pace with online access and lifetime material availability.
- Certification: Earn a certificate to showcase your expertise in procurement risk management.
This course is an investment in your career, preparing you to contribute significantly to organizational goals.
What is the refund policy?
We pride ourselves on high-quality programs. That’s why we feel comfortable offering a 60-day money-back guarantee to ensure that you are 100% satisfied.
If for any reason it’s not your thing, you can view the full guarantee and request a refund within 60 days after your enrollment date. This makes your enrollment 100% risk-free!
Will I get an invoice?
Yes. Upon completing your payment, the (pdf) invoice is automatically generated and sent to your inbox with the payment receipt.
The pdf invoice is can be used to expense the enrollment fee with your employer.
What happens after I pay ?
Great question. Here’s what will happen after you complete your payment:
- You’ll receive an email with an invoice
- You’ll receive a second email with the invitation to our study environment
- You’ll receive a third email from your instructor to schedule your kickoff session
- Once you completed all of the lessons, you’ll receive your certificate
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Access to All Courses
With our Access To All license, you get everything you need to future-proof your career, including unlimited access to all certificate courses, and all future releases.
Unlimited Access
200+ hours of courses
Unlock your procurement potential
Dive deep into procurement mastery with our comprehensive curriculum
