Risk Management and Total Cost of Ownership for Supply Chain

Risk Management and Total Cost of Ownership for Supply Chain

Risk is everywhere and it impacts companies large and small. It doesn’t sleep and it often shows up uninvited. This training includes a FEMA based Risk Assessment tool that helps you to identify the triggers of risk events, the importance of developing a plan to mitigate them when they do occur, and how to establish monitoring metrics and activities so you may be prepared for the inevitable. This Risk Assessment tool includes a financial impact of risk. A Risk Management Plan is an essential element to operational efficiency. 

The Total Cost of Ownership (TCO) allows companies to account financially, for each activity along the supply chain including costs associated with the acquisition of materials, transportation, storage, and the selling of purchased good or services. The class includes a TCO Calculator. The TCO Calculator facilitates a side-by-side comparison of suppliers, analyzing multiple sourcing possibilities on a global scale. TCO helps minimize total costs while maximizing value to the customer.

Upcoming Classes


November 02, 2017
8:00 AM- 5:00 PM
45501 Helm St.
Plymouth, MI

This training session helps you to identify the triggers of risk events, the importance of developing a plan to mitigate them when they do occur, and how to establish monitoring metrics and activities so you may be prepared for the inevitable.
South East

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