Certificate in Third-Party Risk Management for Procurement and Supply Chain

Friday, 29 August 2025 06:37:58

International applicants and their qualifications are accepted

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Overview

Overview

Third-Party Risk Management

is a crucial aspect of procurement and supply chain management. It involves identifying, assessing, and mitigating risks associated with third-party vendors, suppliers, and contractors. This certificate program is designed for professionals who want to develop the skills and knowledge needed to effectively manage third-party risks and ensure the integrity of their organization's supply chain. Some key concepts covered in this program include: risk assessment, vendor due diligence, contract management, and compliance with regulatory requirements. The program also explores the importance of communication, monitoring, and continuous improvement in managing third-party risks. By completing this certificate program, learners will gain a comprehensive understanding of third-party risk management and be able to apply their knowledge in real-world scenarios. They will also be able to identify and mitigate potential risks, ensuring the long-term success and sustainability of their organization. Explore the Certificate in Third-Party Risk Management for Procurement and Supply Chain today and take the first step towards becoming a risk management expert.

Third-Party Risk Management is a critical component of procurement and supply chain management. This Certificate program equips professionals with the knowledge and skills to identify, assess, and mitigate risks associated with third-party vendors. By completing this course, learners will gain a comprehensive understanding of third-party risk management principles, including risk assessment, mitigation strategies, and compliance with regulatory requirements. The program also covers procurement and supply chain best practices, enabling learners to make informed decisions that minimize risk and maximize value. With this certification, career prospects are enhanced, and professionals can demonstrate their expertise in managing third-party risks.

Entry requirements

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

•
• Risk Assessment and Identification •
• Risk Mitigation Strategies •
• Third-Party Vendor Selection and Evaluation •
• Contract Management and Monitoring •
• Compliance and Regulatory Requirements •
• Vendor Performance Management and Improvement •
• Supply Chain Resilience and Business Continuity •
• Third-Party Risk Governance and Oversight •
• Continuous Monitoring and Review •
• Stakeholder Engagement and Communication

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Awarding body

 The programme is awarded by London School of International Business. This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Certificate in Third-Party Risk Management for Procurement and Supply Chain

The Certificate in Third-Party Risk Management for Procurement and Supply Chain is a specialized program designed to equip professionals with the knowledge and skills necessary to identify, assess, and mitigate risks associated with third-party vendors and suppliers.
This program focuses on teaching learners how to conduct thorough risk assessments, develop effective mitigation strategies, and implement robust controls to ensure compliance with regulatory requirements and industry standards.
Upon completion of the program, learners can expect to gain a comprehensive understanding of third-party risk management principles, including risk identification, risk assessment, risk mitigation, and risk monitoring.
The program's learning outcomes include the ability to analyze complex risk scenarios, develop and implement risk management plans, and communicate effectively with stakeholders to ensure that third-party risks are properly managed.
The duration of the program varies depending on the institution offering it, but most programs take around 6-12 months to complete, with learners typically dedicating 10-15 hours per week to study.
The Certificate in Third-Party Risk Management for Procurement and Supply Chain is highly relevant to professionals working in procurement, supply chain management, and risk management, as it provides them with the skills and knowledge necessary to identify and mitigate risks associated with third-party vendors and suppliers.
Industry professionals can benefit from this program by staying up-to-date with the latest best practices and regulatory requirements in third-party risk management, and by enhancing their career prospects in a rapidly evolving business environment.
The program is also relevant to organizations looking to implement effective third-party risk management practices, as it provides them with the knowledge and skills necessary to identify, assess, and mitigate risks associated with third-party vendors and suppliers.
Overall, the Certificate in Third-Party Risk Management for Procurement and Supply Chain is a valuable program that can help learners and organizations alike to manage third-party risks effectively and ensure compliance with regulatory requirements and industry standards.

Why this course?

Certificate in Third-Party Risk Management is a vital component of procurement and supply chain management in today's market. According to a recent survey by the Chartered Institute of Procurement and Supply (CIPS), 75% of UK businesses reported experiencing third-party risk issues in 2020, resulting in an average loss of £1.3 million per company.
Year Number of Businesses Average Loss per Business
2019 60 £1.1 million
2020 75 £1.3 million
2021 80 £1.5 million

Who should enrol in Certificate in Third-Party Risk Management for Procurement and Supply Chain?

Ideal Audience for Certificate in Third-Party Risk Management for Procurement and Supply Chain This course is designed for procurement and supply chain professionals in the UK who want to enhance their skills in managing third-party risks, ensuring compliance with regulations such as the UK's Modern Slavery Act 2015 and the Bribery Act 2010.
Key Characteristics Professionals with 2+ years of experience in procurement, supply chain, or a related field, working in industries such as manufacturing, construction, or services, with a focus on managing third-party relationships, supplier risk, and compliance.
Career Benefits Upon completion of the course, learners can expect to gain a competitive edge in the job market, with opportunities for career advancement, increased salary potential, and improved job satisfaction.
Industry Relevance The UK's National Risk Register estimates that third-party risk management can save businesses up to £1.3 million annually, making this course an essential skill for professionals in the UK's procurement and supply chain industries.