Evaluate and Mitigate Supplier Risk

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Evaluate and Mitigate Supplier Risk

This course is part of Supplier Performance & Risk Management Specialization

Instructor: LearningMate

Included with

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1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Create a supplier risk heat-map to evaluate exposure and propose actionable mitigation strategies.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

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This course is part of the Supplier Performance & Risk Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There is 1 module in this course

Ready to transform how your organization handles uncertainty? This course, Evaluate and Mitigate Supplier Risk, is a beginner-friendly, hands-on guide to mastering supply chain resilience. In today's volatile global market, simply reacting to disruptions is no longer enough. This course equips you with a structured, data-driven framework to proactively identify, assess, and neutralize potential threats before they impact your business.

You will learn to categorize a wide range of supplier risks—from logistical and financial to compliance and geopolitical. Through practical tutorials, you will master the art of quantitatively scoring each risk based on its probability and potential impact, synthesizing your findings into a powerful, four-quadrant risk heat-map. This visual tool will empower you to prioritize threats effectively and communicate your findings with clarity and confidence. Finally, you will learn to formulate and justify actionable mitigation strategies, such as dual-sourcing and safety-stock buffering, to protect your operations. Using real-world case studies like the Suez Canal blockage and the global semiconductor shortage, this course prepares you to ensure business continuity and make informed, proactive sourcing decisions.

This module provides a complete walkthrough of the supplier risk management lifecycle. Learners will start by understanding why risk management is critical, using real-world examples of major supply chain failures. They will then learn a systematic process to identify, categorize, and quantitatively score risks. The core of the module focuses on building and interpreting a risk heat-map to prioritize threats and then formulating effective, actionable mitigation strategies to ensure business continuity and build a more resilient supply chain.

What's included

4 videos3 readings2 assignments

4 videos Total 29 minutes

When the Chain Breaks: Lessons from Global Disruptions 6 minutes
Introducing the Risk Heat-Map: From Data to Decisions 7 minutes
Building Your First Risk Heat-Map 9 minutes
Choosing Your Strategy: Matching Mitigations to High-Priority Risks 7 minutes

3 readings Total 30 minutes

A Framework for Seeing Trouble: Categorizing Supplier Risks 10 minutes
A Toolkit of Mitigation Strategies 10 minutes
Quantifying Uncertainty: How to Score Risk Probability and Impact 10 minutes

2 assignments Total 50 minutes

Hands-On Learning (HOL): Scoring and Plotting Risks 20 minutes
Final Project: Supplier Risk Mitigation Plan 30 minutes

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Instructor

LearningMate

210 Courses 10,904 learners

Offered by

Coursera

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Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.