4.8 ★★★★★ 69 reviews

Risk Management in Procurement Course

Master Risk Management: Principles and frameworks

Apply Strategies: Through practical exercises

Flexible Learning: Complete at your own pace in 24-32 hours

Exports Marijn

100% Money-Back Guarantee

Try the course for 60 days. You’ll get a 100% refund if you’re not satisfied

Self-Paced Learning

Adapt the course to fit your schedule, with 24-32 hours of content

Certificate Course

Complete the course to receive your industry-recognized certification

★★★★★

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1000+ companies

Customers Procurement Tactics

WHAT’S INCLUDED

Download the free course syllabus

→ Free PDF with all course information
→ Free preview lesson

WHAT YOU WILL LEARN

Risk Management in Procurement Course

This program is created for procurement professionals who want to manage procurement risks. We will cover risk management strategies and techniques, combining insightful theory with practical, actionable approaches.

  • This course is designed to serve professionals at all levels—from those new to procurement looking to build a solid foundation in risk management, to seasoned experts seeking to enhance their skills with advanced risk mitigation strategies.
  • By enrolling in this course, 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.

    See all pricing options, and enroll today.

    WHY LEARN WITH US?

    22 Video Lessons

    Assignments + templates + coaching

    Self-Paced Learning

    24-32 hours study time

    12 Months

    Unlimited access

    Rating

    ★★★★★ 9.6/10

    100% Money-Back Guarantee

    Try it for 60-days risk-free

    Study objectives for this course

    Click on a topic to see the lessons per module

    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:

    1. Risk Management Category Strategy Template analysis
    2. Risk Identification Techniques
    3. 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:

    1. Developing Effective Risk Responses
    2. Financial Risk Management
    3. Operational Risk Management
    4. Legal and Compliance Risk Management in Procurement
    5. ESG Risks in Procurement
    6. 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:

    1. Creating and Implementing a Risk Management Plan
    2. Ongoing Risk Evaluation and Monitoring
    3. Soft Skills Required for Risk Management

    This module includes:

    • Extra reading material
    • 4 video lessons

    Download the syllabus to learn all about this course.

    LESSON PREVIEW

    Understanding the Risk Management Framework

    Exclusive Preview: Watch an example lesson
    Get Started: Understand the broader view of risk
    Implementation: Carry out ERM in your company

    PRICING

    Select your membership

    MOST POPULAR

    Single Course

    1 Certificate Course

    $875

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    13 certificate courses
    Access to future courses 
    28 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
    Team workshop
    Learning consultant

    Access To All

    All study material worth $14,679

    $1,450

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    13 certificate courses
     Access to future courses 
    28 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
    Team workshop
    Learning consultant

    Team

    For Procurement Teams

    $2,900$29,000

    ★★★★★

    12 months access
    60-day money-back guarantee
    Certificate after completion
    ChatGPT community
    13 certificate courses
     Access to future courses 
    28 templates
    Community & live events
    Personal coaching
    Personalized learning journey
    Skills assessment
     Team workshop
    Learning consultant

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    • (£) GBP
    • (₹) INR

    REVIEWS

    What others said about this course

    See an immediate 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

    TRAIN YOUR TEAM

    Schedule a demo

    Course preview: See free preview lessons 
    Exclusive preview: Get a tour of our study platform
    Team license: Get a custom offer for your team

    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

    Practical, hands-on & self-paced

    We give you the most practical, hands-on, and industry-relevant training. And we’re 100% online so that you can learn anywhere, anytime.

    Personal coach & practitioner community

    Contact your personal coach if you need any assistance or input and collaborate with procurement professionals from around the world.

    Advance your career and stay ahead

    Get ahead by learning the latest and most in-demand procurement skills from industry leaders. Essential for a flourishing career in procurement.

    Frequently Asked Questions

    We have put together some frequently asked questions

    What is the price?

    There are 2 options:

    1. Buy single-course access for $875
    2. Buy access to all courses for $1450

    Click here to select your option

    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:

    1. You’ll receive an email with an invoice
    2. You’ll receive a second email with the invitation to our study environment
    3. You’ll receive a third email from your instructor to schedule your kickoff session
    4. Once you completed all of the lessons, you’ll receive your certificate

    Unlock your procurement potential

    Dive deep into procurement mastery with our comprehensive curriculum