Third-Party & Supply Chain Risk Management Training Course

Introduction

Organizations today rely heavily on third-party vendors and complex supply chains, which introduce operational, financial, and reputational risks. The Third-Party & Supply Chain Risk Management Training Course equips professionals with the tools, frameworks, and strategies to identify, assess, and mitigate risks associated with suppliers, contractors, and strategic partners. Participants will learn to safeguard business operations, maintain regulatory compliance, and ensure supply chain resilience in a rapidly changing business environment.

This course emphasizes a proactive approach to third-party and supply chain risk management, combining vendor assessment, contract risk evaluation, monitoring frameworks, and mitigation strategies. Through real-world case studies, practical exercises, and interactive simulations, participants will develop skills to enhance supplier oversight, reduce operational vulnerabilities, and strengthen organizational resilience. By the end of the training, participants will be able to manage third-party risks effectively, protect organizational reputation, and maintain uninterrupted business operations.

Target Audience

• Supply chain and procurement managers
• Risk management and enterprise risk officers
• Compliance and regulatory officers
• Internal auditors overseeing vendor management
• Executive leadership responsible for strategic partnerships

Duration

5 days

Course Objectives

1. Understand the risks associated with third-party vendors and supply chains.
2. Identify operational, financial, and compliance vulnerabilities.
3. Develop robust vendor risk assessment frameworks.
4. Implement monitoring and reporting systems for third-party risks.
5. Strengthen contractual and legal safeguards with suppliers.
6. Apply lessons from real-world supply chain disruptions.
7. Integrate third-party risk management into enterprise-wide risk frameworks.
8. Build resilient and sustainable supply chain strategies.

Modules

Module 1: Introduction to Third-Party and Supply Chain Risks

• Types of risks in vendor and supply chain management
• Impact on operations, finance, and reputation
• Regulatory and compliance considerations
• Global trends and case studies
• Importance of proactive risk management

Module 2: Vendor Risk Assessment

• Identifying and evaluating supplier risks
• Operational, financial, and reputational risk factors
• Risk scoring and prioritization methods
• Due diligence best practices
• Lessons from vendor failures

Module 3: Contractual and Legal Safeguards

• Designing risk-aware contracts
• Clauses for liability, compliance, and performance
• Monitoring vendor adherence to contracts
• Legal implications of non-compliance
• Case studies of contractual risk failures

Module 4: Supply Chain Mapping and Analysis

• Mapping supply chain networks and dependencies
• Identifying critical nodes and bottlenecks
• Assessing vulnerabilities and contingency needs
• Scenario analysis and impact evaluation
• Best practices for supply chain visibility

Module 5: Monitoring and Reporting Frameworks

• Tools and systems for continuous oversight
• Key risk indicators (KRIs) for third-party risks
• Reporting to management and boards
• Escalation protocols and alerts
• Integrating monitoring into ERM frameworks

Module 6: Mitigation Strategies for Third-Party Risks

• Risk transfer, insurance, and contingency planning
• Supplier diversification and redundancy planning
• Crisis response and recovery strategies
• Lessons from disrupted supply chains
• Continuous improvement of mitigation plans

Module 7: Integrating Third-Party Risks into Enterprise Risk Management

• Aligning vendor and supply chain risk with ERM programs
• Risk appetite and tolerance considerations
• Governance and oversight responsibilities
• Enhancing cross-functional collaboration
• Benchmarking best practices

Module 8: Capstone Third-Party Risk Workshop

• Scenario-based vendor risk simulations
• Team exercises in risk assessment and mitigation
• Developing actionable supplier risk strategies
• Presenting insights to leadership
• Roadmap for resilient and compliant supply chains

General remarks

• Customizable courses are available to address the specific needs of your organization.
• The participant must be conversant in English
• Participants who successfully complete this course will receive a certificate of completion from Lenol Development Center.
• The course fee for onsite training includes facilitation training materials, tea break and lunch.
• Accommodation and airport pick up are made upon request
• For any inquiries reach us through info@lenoldevelopmentcenter.com or +254 710 314 746
• Payment should be made to our bank