American Certified Procurement Risk Management Professional(AC-PRM)®

American Certified Procurement Risk Management Professional (AC-PRM)®

Advanced Procurement Risk Management

Overview: This program would specialize in identifying, assessing, and managing procurement risks, such as supply chain disruptions, geopolitical factors, and cybersecurity threats.

Key Topics: Risk assessment frameworks, supply chain resilience, risk mitigation strategies, contingency planning, and cybersecurity in procurement.

Ideal For : Procurement managers and executives aiming to build robust risk management strategies for global supply chains.

Procurement risks are at an all-time high in an increasingly complex global environment. Effective risk management is essential for organizations looking to maintain resilience and continuity from supply chain disruptions to cybersecurity threats. The Advanced Procurement Risk Management program provides procurement professionals with the skills to identify, assess, and mitigate risks across the supply chain. This program emphasizes proactive risk management, equipping participants with the tools to build a resilient procurement strategy that withstands internal and external challenges.

Who Should Enroll?

This program is ideal for:

Program Highlights

Risk Identification and Assessment

Learn to identify common risks in procurement, from supplier reliability to economic and geopolitical factors.

Supply Chain Resilience and Continuity Planning

Understand the principles of resilience, continuity planning, and disaster recovery within procurement.

Cybersecurity in Procurement

Explore the importance of securing procurement systems and data, especially in light of increasing cyber threats.

Compliance and Regulatory Risk Management

Learn aboutglobal regulatory standards and how to maintain compliance to reduce legal and operational risks.

Supplier Risk Evaluation

Develop frameworks for evaluating and monitoring supplier risk, focusing on financial stability, reliability, and adherence to ethical practices.

Key Learning Outcomes

Upon completion of this program, participants will be able to:

Program Structure and Modules

Introduction to Procurement Risk Management

Explore the fundamentals of procurement risk management and its importance in maintaining organizational stability.

Types of Risks in Procurement

Learn about the various operational, financial, regulatory, and supplier-related risks and how each can impact the supply chain.

Supplier Risk Evaluation and Monitoring

Develop frameworks for assessing and monitoring supplier risk, ensuring reliable partnerships that align with corporate values and risk tolerance.

Supply Chain Resilience and Continuity Planning

Discover how to design and implement continuity planning, ensuring procurement can operate despite disruptions or crises.

Cybersecurity and Data Protection in Procurement

Understand the role of cybersecurity in procurement, with a focus on protecting data, digital systems, and communication channels from potential breaches.

Compliance and Regulatory Risks

Learn how to navigate international procurement laws, trade regulations, and industry-specific standards to maintain compliance and avoid legal consequences.

Risk Mitigation and Contingency Strategies

Develop and implement contingency plans and risk mitigation strategies to reduce exposure and protect against potential supply chain failures.

Risk Assessment Tools and Technologies

Gain hands-on experience with digital tools and software that help assess, monitor, and report on procurement risks in real-time.

Case Studies and Real-World Applications

Analyze real-world case studies on procurement risk, learning from successful and unsuccessful approaches to risk management.

Capstone Project: Designing a Risk-Resilient Procurement Strategy

Apply what you have learned by developing a comprehensive procurement risk management plan for a sample organization, including continuity and contingency planning.

Certification and Career Pathways

Graduates of this program will receive the American Certified Procurement Risk Management Professional (AC-PRM)® designation. This credential prepares professionals for roles such as:

Exam Codes	Exam (AC-PRM)®
Exam Details	The exam emphasizes identifying, evaluating, and mitigating procurement risks, with a focus on supply chain disruptions, geopolitical challenges, and cybersecurity threats.
Number of Questions	Maximum of 100 questions per exam
Type of Questions	Multiple choice
Length of Test	120 Minutes
Passing Score	600 (on a scale of 1000)
Recommended Experience	No prior experience necessary
Languages	English
Retirement	None
Testing Provider	Affiliate Partners Testing Centers Online Testing
Price	$399.99 USD

Ready to safeguard your procurement process against potential risks? Enroll today and start building resilience!

Program/Courses

Testing Overview

Exam Policies & Procedures