London Leadership Management Innovation llmi.uk
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Procurement and Supply Chain Management · PSCM-032

Procurement Risk Management

5 daysClassroom
14Upcoming dates
7Cities
£2,840Fees from

Course overview

Why Attend

Procurement exposes organisations to supplier failure, fraud, price volatility, compliance breaches and supply disruptions. Systematic procurement risk management protects continuity and value.

This LLMI course covers procurement risk categories, risk identification and assessment, supplier financial and operational risk, fraud and corruption risks, market and price risk, contractual mitigation, monitoring and contingency planning. Participants build a procurement risk register.

Course Objectives

Identify procurement and supply risks

Assess risks systematically

Evaluate supplier financial and operational risk

Prevent procurement fraud and corruption

Mitigate risks through sourcing and contracts

Monitor risks and plan contingencies

Target Audience

Procurement managers

Supply chain managers

Risk managers

Auditors

Category managers

Compliance professionals

Course Methodology

Risk workshops

Case studies

Supplier assessment exercises

Group discussions

Planning

Course outline

Day 1: Procurement Risk
  • Risk categories
  • Risk appetite
  • Frameworks
  • Roles
  • Exercise: Risk identification
Day 2: Risk Assessment
  • Assessment methods
  • Risk registers
  • Prioritisation
  • Heat maps
  • Workshop: Risk register
Day 3: Supplier Risk
  • Financial health
  • Operational risk
  • Concentration
  • Geopolitical risk
  • Exercise: Supplier risk assessment
Day 4: Fraud and Market Risk
  • Procurement fraud
  • Corruption
  • Price volatility
  • Hedging and indexation
  • Case study: Procurement fraud
Day 5: Mitigation and Monitoring
  • Contract controls
  • Dual sourcing
  • Monitoring
  • Contingency plans
  • Capstone: Procurement risk plan

Dates and fees

DatesCityFee
16 - 20 Nov 2026Munich, Germany£4,250
7 - 11 Dec 2026Amsterdam, Netherlands£4,250
11 - 15 Jan 2027Cape Town, South Africa£2,840
8 - 12 Feb 2027Frankfurt, Germany£3,250
8 - 12 Mar 2027Barcelona, Spain£3,850
12 - 16 Apr 2027Barcelona, Spain£3,850
10 - 14 May 2027Rome, Italy£4,250
14 - 18 Jun 2027Munich, Germany£4,250
12 - 16 Jul 2027Amsterdam, Netherlands£4,250
9 - 13 Aug 2027Paris, France£4,500
13 - 17 Sep 2027Frankfurt, Germany£3,250
11 - 15 Oct 2027Barcelona, Spain£3,850
8 - 12 Nov 2027Barcelona, Spain£3,850
13 - 17 Dec 2027Rome, Italy£4,250
London Leadership Management InnovationRegister at llmi.uk/course/procurement-risk-management