This week’s topics
Contractual Risk and Operational Assessment
- Legal and operational contract risks
- Default and force majeure clauses
- Audit techniques for vendor compliance
- Assessing contract management effectiveness
- #47 Assessment of Risk | Strategic Sourcing
- Trust Your Vendors, Do You?
- Dr Ned Allen, Lockheed Martin, on measuring and mitigating operational risks
What you will be able to do
- 2.4 Describe types of contract risks.
- 2.5 Assess the effectiveness of a logistics business’s contract management.
Activity
Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: describe types of contract risks.
Study materials
Videos
- Trust Your Vendors, Do You? · YouTube · SANS Institute · 48 min · for registered students
- Dr Ned Allen, Lockheed Martin, on measuring and mitigating operational risks · YouTube · University of Cambridge Judge Business School · 7 min · for registered students
- RTI Ltd v MUR Shipping BV [2024] UKSC 18 · YouTube · UKSupremeCourt · 7 min · for registered students
Further resources
- Risk Allocation and Pricing Approaches guidance note (UK Government Commercial Function) · PDF · GOV.UK, guidance; 55 pages · for registered students
- Assessing and monitoring the economic and financial standing of suppliers (UK Government Commercial Function) · PDF · GOV.UK, guidance; 66 pages · for registered students
- The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 pages · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
