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Risk Management Framework. Strategic Risks. Emerging Risks. Operational Risks. Crises Learnings Modify Analytics Modify Screening ID new signal sources. Risk Identification Processes. a. Emerging and unknown risk signals. b. S. C. risks (via teams and surveys).

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“Supply Chain Risk” Management Teams ( multi-functional members )

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Supply chain risk management teams multi functional members

Risk Management Framework

Strategic

Risks

Emerging

Risks

Operational

Risks

  • Crises Learnings

  • Modify Analytics

  • Modify Screening

  • ID new signal sources

Risk Identification Processes

a. Emerging and unknown risk signals

b. S. C. risks (via teams and surveys)

c. Project risks (PM systems and other)

Supply Chain

Leadership

d. Risk treatment effectiveness outputs

Supply Chain Risk Dashboard

MONITOR RISK TREATMENT EFFECTIVENESS

INSTALL MONITORING POINTS

SYSTEMATIZE MONITORING

RISK ANALYTICS & DECISION SUPPORT

ANALYZE

EVALUATE

PRIORITIZE

Holistic View of Risks

“Supply Chain Risk” Management Teams

(multi-functional members)

  • Implement Actions and/or

  • Factor Risks into Planning*

  • Deep dive analysis of specific strategic risk

  • Implement risk treatment for new operational risk

  • Take action to leverage upside of an emerging risk

  • Modify strategy based on risk landscape

ERM

Committee

* examples of possible actions, not all-inclusive


Supply chain risk management teams multi functional members

Supply Chain Risk World

  • Unique and common risk events exist across the supply chain and at each organizational level

  • Identified risk events are analyzed for probability and consequence, thereby defining the risk level

  • Assessed risks are evaluated and risk treatment options are developed

  • Risk treatment is optimized, implemented and monitored

Strategic risks are generally out of our direct control, and must be factored into business planning.

Operational risks are generally within our direct control, and must be factored into business operations.

External (Strategic) Risks

COUNTRY

STABILITY

NATURAL

HAZARDS

NGO’s

& SIG’s

PUBLIC

PERCEPTION

REGULATORY

ACTIONS

Internal (Operational) Risks

PRODUCT

QUALITY

CONVERSION

EFFICIENCY

MATERIAL

QUALITY

MATERIAL

AVAILABILITY

PRODUCT

SECURITY

PRODUCT

SAFETY

Demand

COST

OUTBOUND

LOGISTICS

INBOUND

LOGISTICS

WATER

USE

ENVIRONMENTAL

COMPLIANCE

WORKER

SAFETY

ENERGY

USE

CLIMATE

CHANGE

PACKAGING

VOLUME

WATER

AVAILABILITY

PACKAGING

WASTE

WATER

QUALITY

Note: risks listed above are indicative of the scope of supply chain risks and risk areas, and may not include all risks


Supply chain risk management teams multi functional members

Risk Management Deployment

At Each Level and Entity

Corporate

Risks

Top-down and bottom-up visibility to risks (transparency)

  • Develop Initial Risk Register

  • Use historical and current risk assessments, maybe supplemented by surveys

  • Perform high-level ranking and screening to identify significant risks

One-time

Group

Risks

  • Perform Risk Analyses

  • Bow-tie method to identify causes, consequences

  • Identify existing and new risk treatments

  • Establish risk owner and action items

  • Link to other risks in system

  • Refine risk register

Initial analyses,

then as-needed

Risks are assessed and optimized at the locally relevant level,

and aggregated upwards through the organization

Business Unit

Risks

A Risk Register is created and managed at each level and entity,

and identified risks are incorporated into on-going business routines

  • Quarterly Risk Team Reviews

  • Review action item status

  • Review emerging and new risks

  • Review effectiveness of existing risk treatment

  • Perform new or review existing risk analyses

  • Update and refine risk register

Quarterly meetings

to supplement

business meetings

  • Factor Risks into Business Planning

  • Ensure strategic and operational risks are considered in annual business planning

  • Use risk information in on-going business processes

Country

Risks

Annual basis

aligned with

business planning


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