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The Managing Supply Chain Risk module is assessed through an exam that forms part of the Level 5 Advanced Diploma in Procurement and Supply. L5M2 exam is designed to test learners' understanding of the key concepts and principles covered in the course, and will typically include a combination of multiple-choice questions and case studies. Successful completion of the exam is a key requirement for achieving the Level 5 Advanced Diploma in Procurement and Supply, and will demonstrate to employers and peers that the learner has the knowledge and skills required to manage supply chain risk effectively.
The Managing Supply Chain Risk certification exam covers various topics, including supply chain risk management frameworks, the identification, assessment, and mitigation of risks, the development of risk management strategies, and the monitoring and review of risk management plans. L5M2 exam also focuses on the importance of communication and collaboration in managing supply chain risks, as well as the legal and ethical considerations of risk management.
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The Managing Supply Chain Risk certification program covers a range of topics that are relevant to managing supply chain risk, including principles of risk management, identification of risks, evaluation and analysis of risk, and ways to manage and mitigate risks. L5M2 course provides learners with insights to develop effective response plans that minimize damage, reduce delays, and improve the overall quality and safety of the supply chain.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Understand processes in managing risk in supply chains | 33% | - Risk management frameworks (ISO 31000) - Risk analysis and assessment tools - Risk registers and reporting - Risk identification and mapping techniques |
| Topic 2: Understand the nature of risk affecting supply chains | 33% | - Definitions and categories of risk - Sources and drivers of supply chain risk - Global and environmental risk factors - Impact of risk on organizational objectives |
| Topic 3: Understand risk mitigation strategies in supply chains | 34% | - Supply chain resilience and continuity planning - Legal, ethical and compliance considerations - Risk avoidance, reduction, transfer, and acceptance - Supplier risk management and evaluation |
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