PACE

Measurement and Mitigation of Risk in Globalized Supply Chains

Course Provider

Centre for Professional and Continuing Education (PaCE@NTU)

Certification

Continuing Education and Training Certificate

Introduction

In today’s challenging economic climate, reducing supply chain risk and improving performance are “top-of-the-mind” imperatives for companies in all industries. Significant increase in regional and global outsourcing, strategic consolidation of suppliers, and complex transportation and distribution networks have made supply chains leaner but vulnerable to disruptions. Any number of factors, from extreme demand and supply volatility to natural and man-made disasters which are occurring with increasing frequency, can cause severe disruptions to such globally dispersed and lean supply chains. This workshop will offer the participants effective ways to identify, manage and reduce the impact of potential supply chain disruptions and provide a set of “best-practices” from other successful companies to learn from and adapt for their own organization. In today’s globalized economy, operating risks are increasingly on the minds of top-level executives. The specific context of operating risk can range from general areas of business continuity to the effects of natural disasters. While all supply chain executives are familiar with commonly occurring operations risks (late deliveries, volatile demand, and so on), there does not exist a framework that can help quantify such risks.


There are three key objectives of this workshop:

1) To familiarize the participants with the challenges and opportunities in managing risks in a globalized supply-chains

2) To expose them to actionable strategies and execution tactics necessary to build resilient supply chains for their organizations

3) To learn from what other leading companies around the world are doing to leverage their supply chain capabilities and succeed in volatile times

SESSION 1 - RISKS IN GLOBAL SUPPLY CHAIN MANAGEMENT: INTRODUCTION
•Introduction of workshop facilitator and participants
•Workshop objectives and expectations: overview of the workshop
•Key issues and challenges in global supply-chain management
•Supply “risk”, demand volatility, and other operational risks

SESSION 2 - RISK OF INACCURATE FORECASTS AND DEMAND VOLATILITY
•Case Study: Sport Obermeyer
•Challenge of forecasting volatile demand
•Risk in sourcing from globally dispersed suppliers with different prices and lead-times
•Sport Obermeyer Case Analysis
•Production planning for short-life-cycle products

SESSION 3 - RESILIENCY IN SUPPLY CHAINS
•Measuring and Mitigating operating risk
•Risk exposure index (REI)
•Time-to-recovery (TTR) of Supply Chain Nodes

SESSION 4 - CONCLUDING REMARKS
•Recent disasters (Japanese Tsunami and Thai Floods) and response of best-in-class companies
•Summary of Key Learnings
•Applicability to your companies
•Other sources / references for further study
Supply chain managers, Manufacturing Engineers

Standard Course Fee: S$834.60


  • All fees stated are inclusive of 7% GST
  • NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information
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Dr Rajesh Piplani

Dr Rajesh Piplani

Dr. Rajesh Piplani (Ph.D. Purdue University, 1995) is an associate professor at Nanyang Technological University, Singapore and the Director of M.Sc. program (Supply Chain & Logistics).

Dr. Piplani's interests are in the area of supply chain design and inventory planning of manufacturing, logistics and pharmaceutical enterprises. He ran the Center for Supply Chain Management (2002-2009) at NTU, and was also the Program Manager, Integrated Manufacturing and Service Systems (IMSS) for Singapore research funding agency A*Star, managing the SGD 8 Million research program for four years. His research has appeared in prominent OR and Production journals, such as POMS, JORS, EJOR, IJPE and IJPR.

Dr Piplani has also offered customized programs for various companies (PSA, DHL, TNT, Phillips, Maxtor), and for all the three branches of Singapore Armed Forces (Army, Navy and Air Force).

He has worked on supply chain modeling and analysis projects for Singapore-based companies in the pharmaceutical, automotive, electronics and beverage sector. Recently he has started to look at applications of data analytics and machine learning in shop floor control and supply chain planning.