Advanced Certificate in Strategic Sourcing Module 3: Sourcing and Risk Management

It is therefore imperative to identify the risks involved right from the start of the procurement lifecycle and to effectively monitor and manage them in order to ensure the smooth and successful running of purchasing operation.

This module shows how successful prevention and mitigation of risks is as integral to sourcing as any other process. After attending the module, participants will be able to appreciate how vital it is to take risk into account during sourcing activities as failing to do so will result in disruption across procurement processes.

Learning Objectives:

• Know the process of sourcing

• Appreciate the intricacies of the different stages of sourcing

• Understand the different types of enterprise and procurement risks

• Manage the procurement sourcing efficiently while mitigating the possible risks identified

Who Should Attend

Managers, executives, officers, auditors, end-users, contract owners and specialists in purchasing, procurement and supply chain management roles whose job responsibility involve sourcing and managing the risks associated with it.

Prerequisite

Participants should preferably be

• conversant in English, both spoken and written; and

• proficient in MS Office.

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.