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Supply Chain Risk Management

  • Course Code: OPS-212

  • Format: In-Person / Virtual

  • Description: Hope is not a strategy. Using Real Options Theory, this course systematically quantifies risk. Participants conduct a Failure Mode Effects Analysis (FMEA) on supplier networks to calculate Risk Priority Numbers (RPN) and develop mitigation strategies.

  • Learning Objectives:

  • Quantify supply chain risks (RPN) and develop mitigation strategies.

  • Conduct a Failure Mode Effects Analysis (FMEA) on a supplier network.

  • Apply Real Options Theory to supply chain flexibility.

  • Scholar-Practitioner Framework:

  • Theory: Real Options Theory.

  • Application: FMEA Workshop.

  • Curriculum: Identifying Vulnerabilities; RPN Calculation; Mitigation Tactics.