Home Training and Careers Supply Chain Risk Management Certificate launched by Institute of Risk Management

Supply Chain Risk Management Certificate launched by Institute of Risk Management

by Brian Sims

The Institute of Risk Management (IRM) has announced the addition of a new Supply Chain Risk Management Certificate to its existing portfolio of qualifications. This qualification introduces the concepts behind supply chain risk management and equips risk practitioners and others involved in managing their supply chains with the ability to apply their risk management knowledge in a world where value is increasingly added via the supply chain.

The qualification explains how globalised outsourcing, digital disruption, specialisation and just-in-time delivery are changing the risk factor in supply chains for many organisations. It looks at how appropriate risk management tools and techniques can be applied, adapted and developed in an increasing digital context. The qualification provides a broad understanding of supply chain risk management principles and practices.

Socrates Coudounaris CFIRM, chair of the IRM, explained: “Our new qualification will help organisations of all types understand and manage their supply chain risks. No organisation can manage risk in isolation. Everyone has not only a supply chain, but also an entire extended enterprise that determines their risk environment. Globalisation, digital technology and business disruption also mean that these environments are becoming more complex. Risk professionals need to be on top of this issue.”

Those practitioners taking this qualification will be able to demonstrate an understanding of how supply chains operate and the risk implications of ongoing developments from various perspectives including those of the public and private sectors and help their organisation implement the appropriate governance frameworks across extended organisational boundaries while stating the need to ensure cross-functional thinking and measurement.

They will also be able to explain the nature and impact of the major sources of disruption and other risks that supply chains face and understand how these can differ by industry.

Nick Wildgoose, independent supply chain risk management consultant and syllabus advisor, added: “Supply chains are at the heart of how many of today’s organisations drive value. There are supply chain disruptions and reputational incidents happening every day that could have been better managed to protect this value. This qualification will help learners develop a clear understanding of supply chain risks and the tools and new technology which can help organisations stay protected.” 

The IRM qualification is delivered by online supported distance learning and assessed by multiple choice questions in 5,000-plus examination centres worldwide. Enrolments will be opening in February 2020 for those wishing to register for the December 2020 examination session.

*More information can be found at: www.theirm.org/scrm

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