Companies that are part of global supply chains find risks lurking around every corner, from tsunamis, to factory fires, to labor actions. Some of these risks are man-made, while others come from the natural world.
When you begin to list out all the ways that the supply of goods and services can be interrupted — from the point of origin of raw materials, to the last-mile delivery to customers — the sheer magnitude of the problem is enough to send stalwart supply chain managers into states of fear, panic and denial.
This presentation will propose an approach to decomposing the entire challenge into smaller, more easily addressed initiatives that will, taken together, provide a comprehensive risk management methodology. The approach is organized around three basic “pillars”:
1) Identify Risks
2) Prioritize Risks, and
3) Mitigate/Manage Risks.
Participants will come away with an example of a high-level plan, and some new ideas to begin the design and development of a supply chain risk management strategy, that can be tailored for their organization.