This document discusses managing risk in the global supply chain. It notes that supply chains have become increasingly global, relying on suppliers and buyers across the world. It then summarizes some key risks in global supply chains, including natural disasters, political unrest, and transportation issues. The document cites statistics showing that the majority of companies experience supply chain disruptions and those that do can face significant negative financial consequences. It emphasizes that proper risk mitigation involves identifying, prioritizing, and developing plans to address risks, and recommends considering insurance to help mitigate risks.
This document provides a summary of a report on managing risk in the global supply chain. It finds that while supply chain risk is a major issue, many companies do little to formally manage it. Key findings include that no companies surveyed use outside expertise to assess risk, 90% do not quantify risk when outsourcing production, and only 25% of supply chains are assessed for risk. It also finds that insurance is an underutilized tool for mitigating risk. The report provides recommendations for developing a three-step process to identify, prioritize and mitigate supply chain risks.
Managing Risk in the Global Supply ChainBernard Mejia
This document summarizes the key findings of a report on managing risk in the global supply chain. The report surveyed over 150 supply chain executives and conducted in-depth interviews. It found that despite significant risks, many companies do little formal risk management. Few quantify risks or use outside expertise. While insurance can effectively mitigate risks, it is not a priority for most supply chain executives. The report provides a three-step process for companies to identify, prioritize and mitigate their supply chain risks.
Resilient Supply Chains: How to Dynamically Manage Risk, Opportunity, and Bus...IHS
Supply chain disruptions are occurring at an alarming rate. An unrelenting barrage of man-made risk and natural disasters has made a profound and highly-visible impact on many global operations. Despite immediate attention on short term recovery, companies affected experience sustained, long-term impacts to share price, shareholder value, and operating performance.
Companies can no longer afford to be unprepared for the inevitability of disruption. As simple players within large, globally-integrated supply chains, they must become resilient to the volatile factors threatening sustained performance. And, resilience will only be achieved when companies master the ability to sense and respond to changes -- before they occur.
Join this 1-hour webcast where IHS experts will discuss supply chain risk and outline the importance of becoming resilient:
Who is at risk from supply chain disruption?
What does it mean to be resilient?
Where do traditional approaches to risk fail?
Why are leaders re-tooling their super-lean supply chains?
How can your organization sense and respond to change?
A recording of this presentation can be viewed here: http://www.slideshare.net/ihs_supplychain/resilient-supply-chains-how-to-dynamically-manage-risk-opportunity-and-business-continuity-25924392
1) While global supply chains allow companies to source flexibly, their complexity increases vulnerability to disruptions that can damage a company's finances and brand. 2) However, many companies are not adequately monitoring and assessing supply chain risks, with only half of companies seeking to learn from past problems. Formal risk assessments often occur annually or less. 3) A significant minority of companies are relying on increased inventory to address resilience instead of more effective strategies like relationship building and multi-sourcing.
What is supply chain risk? What are typical supply chain risks? This is the 2011 version of my annual lecture on Supply Chain Risk for the MSc in Supply Chain Management and Industrial Logistics at Molde University College, Norway
- 73% of respondents experienced at least one disruptive supply chain incident in the past 12 months, with an average of five incidents.
- 39% of analyzed disruptions originated below the immediate tier one supplier, underscoring the deep-rooted nature of disruptions.
- Unplanned IT or telecom outages jumped to the top cause of disruptions, affecting 52% of organizations to some or a high degree. Adverse weather also remained a prominent cause.
- Failure of service provision by outsourcing suppliers doubled from 2011 and joins the top three causes of disruptions.
The document summarizes key concepts around supply chain risk management. It discusses how globalization has increased supply chain complexity and vulnerability. Supply chain risks can come from various sources and be internal or external to the supply chain. Different frameworks categorize risks by impact/likelihood, or by source within the organization, network, or environment. Managing risks requires understanding potential consequences and proactively preparing for both common and rare disruptive events.
This document discusses supply chain risk management. It begins by explaining how risk management has become important for supply chain management due to factors like natural disasters, labor disputes, and supplier issues. It then provides examples of supply chain risks, like how Ericsson lost $400 million in sales due to being dependent on a single chip supplier after a factory fire. The document outlines a framework for supply chain risk management, including mapping the supply chain, identifying risks, assessing risks, planning actions, monitoring and control. It discusses categorizing risks and prioritizing them to develop appropriate risk mitigation strategies.
This document provides a summary of a report on managing risk in the global supply chain. It finds that while supply chain risk is a major issue, many companies do little to formally manage it. Key findings include that no companies surveyed use outside expertise to assess risk, 90% do not quantify risk when outsourcing production, and only 25% of supply chains are assessed for risk. It also finds that insurance is an underutilized tool for mitigating risk. The report provides recommendations for developing a three-step process to identify, prioritize and mitigate supply chain risks.
Managing Risk in the Global Supply ChainBernard Mejia
This document summarizes the key findings of a report on managing risk in the global supply chain. The report surveyed over 150 supply chain executives and conducted in-depth interviews. It found that despite significant risks, many companies do little formal risk management. Few quantify risks or use outside expertise. While insurance can effectively mitigate risks, it is not a priority for most supply chain executives. The report provides a three-step process for companies to identify, prioritize and mitigate their supply chain risks.
Resilient Supply Chains: How to Dynamically Manage Risk, Opportunity, and Bus...IHS
Supply chain disruptions are occurring at an alarming rate. An unrelenting barrage of man-made risk and natural disasters has made a profound and highly-visible impact on many global operations. Despite immediate attention on short term recovery, companies affected experience sustained, long-term impacts to share price, shareholder value, and operating performance.
Companies can no longer afford to be unprepared for the inevitability of disruption. As simple players within large, globally-integrated supply chains, they must become resilient to the volatile factors threatening sustained performance. And, resilience will only be achieved when companies master the ability to sense and respond to changes -- before they occur.
Join this 1-hour webcast where IHS experts will discuss supply chain risk and outline the importance of becoming resilient:
Who is at risk from supply chain disruption?
What does it mean to be resilient?
Where do traditional approaches to risk fail?
Why are leaders re-tooling their super-lean supply chains?
How can your organization sense and respond to change?
A recording of this presentation can be viewed here: http://www.slideshare.net/ihs_supplychain/resilient-supply-chains-how-to-dynamically-manage-risk-opportunity-and-business-continuity-25924392
1) While global supply chains allow companies to source flexibly, their complexity increases vulnerability to disruptions that can damage a company's finances and brand. 2) However, many companies are not adequately monitoring and assessing supply chain risks, with only half of companies seeking to learn from past problems. Formal risk assessments often occur annually or less. 3) A significant minority of companies are relying on increased inventory to address resilience instead of more effective strategies like relationship building and multi-sourcing.
What is supply chain risk? What are typical supply chain risks? This is the 2011 version of my annual lecture on Supply Chain Risk for the MSc in Supply Chain Management and Industrial Logistics at Molde University College, Norway
- 73% of respondents experienced at least one disruptive supply chain incident in the past 12 months, with an average of five incidents.
- 39% of analyzed disruptions originated below the immediate tier one supplier, underscoring the deep-rooted nature of disruptions.
- Unplanned IT or telecom outages jumped to the top cause of disruptions, affecting 52% of organizations to some or a high degree. Adverse weather also remained a prominent cause.
- Failure of service provision by outsourcing suppliers doubled from 2011 and joins the top three causes of disruptions.
The document summarizes key concepts around supply chain risk management. It discusses how globalization has increased supply chain complexity and vulnerability. Supply chain risks can come from various sources and be internal or external to the supply chain. Different frameworks categorize risks by impact/likelihood, or by source within the organization, network, or environment. Managing risks requires understanding potential consequences and proactively preparing for both common and rare disruptive events.
This document discusses supply chain risk management. It begins by explaining how risk management has become important for supply chain management due to factors like natural disasters, labor disputes, and supplier issues. It then provides examples of supply chain risks, like how Ericsson lost $400 million in sales due to being dependent on a single chip supplier after a factory fire. The document outlines a framework for supply chain risk management, including mapping the supply chain, identifying risks, assessing risks, planning actions, monitoring and control. It discusses categorizing risks and prioritizing them to develop appropriate risk mitigation strategies.
Identifying vulnerability is step one to mitigating supply chain risk -my pur...Thomas Tanel
Supply chains are becoming increasingly complex. Yet many procurement teams are not working to prevent and manage disruptions that could prove costly. In a recent webcast, “Preventing and Managing Supply Chain Disruptions,” Tanel describes costs of disruption to the supply chain and explains why it’s important for procurement to learn to identify vulnerabilities and develop a plan to mitigate risk.
This document discusses frameworks for developing sustainable global supply chains. It identifies motivations for addressing social and environmental issues in supply chains such as customer demands, compliance with regulations, reducing costs, gaining competitive advantage, and moral obligations. Key levers for influencing supply chain sustainability are a company's purpose, policies, people, relationships with peers/partners, public policy environment, and power within the supply chain. The document recommends establishing a code of conduct, obtaining third-party certifications, selectively choosing suppliers, and monitoring suppliers as baseline practices for building a sustainable supply chain.
This document discusses risk management in logistics and supply chains. It defines risk as the possibility of harm or loss, and risk management as reducing risk impacts. Effective risk management is important as companies increasingly rely on globalized, outsourced supply chains prone to disruptions. The risk management process involves identifying internal and external risks, analyzing them, developing treatment strategies like avoidance or mitigation, and continually monitoring risks and treatments. Supply chain risks can occur at suppliers, distribution, and internally. Ongoing risk management is needed to reduce costs and threats over time as risks evolve with regulatory environments.
The document discusses supply chain risk management. It states that 79% of companies want supply chain risk management and 96% of process industry companies use some form of it. Supply risks will increase in a globalizing world. It provides examples of companies like Daimler-Chrysler, Volvo, Jaguar, Toyota, Cisco, Ericsson, Nike, and Shell that have experienced supply disruptions and learned the importance of risk management. It outlines a process for integrated supply chain risk management including defining strategies, assessing risks, treating risks, and monitoring.
This is the 2010 version of my lecture on Supply Chain Risk.
What is (supply chain) risk?
What are typical supply chain risks?
How to manage supply chain risks?
The lecture is meant to highlight some of the current literature on supply chain risk and to suggest further reading materials. You will not know everything there is to know about supply chain risk after the lecture, but you will know where to find it…I hope
In many organisations, Procurement is beginning to see Risk as part of their responsibilities, second only to savings. In this presentation we will look at identifying risk and consider how it might be treated to arrive at the best Risk solution for your organisation.
Explore new thinking on potential risk to global supply chains and how companies are adopting the statistical methods more commonly associated with finance and insurance. Identifying and profiling risk variables, quantifying risk, and using IT solutions can create higher resilience.
The document discusses supply chain risk. It defines supply chain risk and identifies various types of risks including supply risks, demand risks, and environmental risks. It also discusses strategies for managing supply chain risk such as avoidance, postponement, hedging, control, and risk transfer. Effective supply chain risk management involves understanding risk sources and drivers, identifying critical parts of the supply chain, establishing contingency plans, and working collaboratively with suppliers and customers.
This document summarizes a technical seminar on using social media for supply chain risk management. It discusses how major companies like Dell, HP, Toyota, and Amazon use social media and outlines Dell's supply chain process. It then explains how social media is linked to supply chain risks and identifies different sources of risk, such as market uncertainty, social media, natural disasters, and labor issues. The document proposes a framework for using social media data analysis and monitoring to identify, assess, and mitigate supply chain risks. It concludes by discussing both the advantages and disadvantages of using social media for supply chain risk management.
Tsunamis, terrorist attacks, hurricanes, and volcanic eruptions have impacted the global economy in the last 10 years. The effects of a “discontinuity event” such as a natural disaster, geopolitical shifts, economic uncertainty and demand/supply volatility to your business can be significant, impacting suppliers, vendors and customers. In our new report, Supply Chain Risk Management, we address the need for companies to proactively prepare for the worst to protect their business operations and weather the storm of unforeseen events.
Preventing and Managing Supply Chain DisruptionsThomas Tanel
Supply chains worldwide have been battling various risks and challenges for some time. Each challenge not only threatens to disrupt operations, but also may have a negative financial impact on business performance and prevent an organization from meeting the demands from stakeholders, customers, shareholders, and regulators.
Supply Chain Council members have reported that less than half of enterprises have established metrics and procedures for assessing and managing supply risks and organizations lack sufficient market intelligence, process, and information systems to effectively predict and mitigate supply chain risks. Does this sound like your organization?
f so, supply chain disruptions can be extremely costly. A disruption in your supply chain can cost millions of dollars in lost time, energy and resources. Their effects are both direct (e.g. halting production altogether) and indirect (e.g. on stock values). Taking steps to help reduce supply chain disruption is the only way to avoid these costs.
Proactive discovery and visibility of risks is the key to the prevention and management of supply chain disruptions.
Supply Chain Risk Management (guest lecture Tilburg University March 2010)Robbert Janssen
The document discusses supply chain risk management. It outlines key concepts like supply chain risk, disruption, and vulnerability. Supply chains are increasingly at risk due to trends like globalization and outsourcing. Risk management aims to reduce the likelihood and impact of disruptions through steps like risk identification, assessment, and response planning. The document uses examples like the 2000 Philips semiconductor plant fire to illustrate how risks can be mitigated or amplified depending on a company's preparedness and response.
Discussing the importance of supply chain risk management, taking the case of mining industry. The slides explain what the internal and external challenges, the four types of risks, the risk management process, and the mitigation strategies.
The document discusses the need for supply chain resilience in today's volatile global business environment. It outlines four major trends driving changes to supply chains: 1) consumerism and boundary bleed are spreading consumer expectations like instant service and personalization to all industries; 2) just-in-time practices create efficient but brittle supply chains; 3) emerging markets introduce new risks and opportunities; and 4) regionalism is on the rise as countries seek more local sources. To develop resilient supply chains, companies must understand these forces and continuously monitor risks beyond their borders rather than taking a reactive approach after disruptions occur.
Disruption/Risk Management in supply chains- a reviewBehzad Behdani
This paper describes an integrated framework for handling disruptions in supply chains. The integrated framework incorporates two main perspectives on managing disruptions, namely pre- and post-disruption perspectives, which are usually treated as separate in the existing frameworks. Next, the proposed integrated framework is used to review the literature in supply chain risk/disruption management. The review gives an overview of the key aspects and specific methods that can be used for each step in the framework. Based on the review, some main observations are also discussed. The first is that literature has not uniformly discussed different parts of the framework; pre-disruption steps, such as risk identification and risk treatment, have been explored extensively while post-disruption steps such as disruption detection and learning have been given far less attention. Secondly, there is a lack of quantitative (simulation and modeling) studies for handling supply chain disruptions. These two gaps, therefore, represent avenues for future research on supply chain risk/disruption management.
This document provides an overview of supply chain management concepts. It defines key terms like logistics and supply chain management. It then discusses various components of a supply chain like facilities, inventory, transportation, and information and how decisions around these components can impact efficiency and responsiveness. The document also examines sourcing, pricing and supply chain collaboration strategies and how they relate to the competitive strategy.
The top three supply chain/procurement risks according to the survey are:
1) Supply interruption risk
2) Lack of an effective senior executive-led sales and operations planning (S&OP) process
3) Lack of timely and accurate information and spend analysis capability for strategic sourcing
The top three solutions that would have the greatest impact in minimizing risk are:
1) An integrated and supported supply chain and/or procurement strategic plan
2) A formal and effective enterprisewide supply chain risk management process
3) An effective corporatewide strategic sourcing process
The top three current key business priorities related to supply chain solutions are:
1) An integrated and supported supply chain and
Integrated Process to Manage Disruptions in Supply ChainsBehzad Behdani
The document presents an integrated framework for managing disruptions in supply chains. The framework combines both pre-disruption risk management and post-disruption disruption management into a single process. The process involves four steps for risk management: 1) defining the system and identifying risks, 2) quantifying identified risks, 3) evaluating risks and determining required treatment, and 4) monitoring risks. It also includes four steps for disruption management: 1) detecting disruptions, 2) reacting to disruptions, 3) recovering from disruptions, and 4) learning lessons from disruptions. The integrated process aims to provide a full and systematic approach to handling disruptions across the stages of risk prevention, disruption response, and continuous improvement.
Concert interrupted - an agenda for the chief supply chain officer to develop...Tristan Wiggill
A presentation by Danie Schoeman Master’s Degree in Manufacturing Engineering, Managing Director, Danie Schoeman and Company, South Africa.
Delivered during the 38th annual SAPICS event for supply chain professionals in Sun City, South Africa.
Getting your beautiful supply chain concert of coordination interrupted is going to happen sometime. Supply chain disruptions are inevitable – from superstorms, human illness epidemics to factory fires, child labour and cyber-attacks. Managing risks that cause unpredictable supply chain disruptions have moved past the purview of operational risk managers to the C-suite and corporate boards, where they are increasingly being held accountable for organizational risk. The goal of this paper is to assist the chief supply chain officer to set an agenda for identifying supply chain vulnerabilities and risks, and how to develop a plan and countermeasures for these.
This document is the title page and copyright information for the book "Applied Multivariate Techniques" by Subhash Sharma. It lists the author as Subhash Sharma from the University of South Carolina. The book is published by John Wiley & Sons, Inc. in New York, Chichester, Brisbane, Toronto and Singapore. The document provides basic publication details for the book but no other context or content.
Global Risk: How to Manage Corruption Risk for Your Investment in High-Risk R...Rachel Hamilton
This document summarizes the key topics discussed at an ACI summit on FCPA risks for private equity and hedge funds. It provides an overview of corruption risks in different countries and industries, how to assess risks posed by third parties, post-investment compliance considerations, tools for evaluating a target's compliance program, and recent FCPA enforcement cases. Managing corruption risk requires tailored due diligence, understanding applicable local laws, hiring local experts, documenting decisions, and consulting compliance.
Identifying vulnerability is step one to mitigating supply chain risk -my pur...Thomas Tanel
Supply chains are becoming increasingly complex. Yet many procurement teams are not working to prevent and manage disruptions that could prove costly. In a recent webcast, “Preventing and Managing Supply Chain Disruptions,” Tanel describes costs of disruption to the supply chain and explains why it’s important for procurement to learn to identify vulnerabilities and develop a plan to mitigate risk.
This document discusses frameworks for developing sustainable global supply chains. It identifies motivations for addressing social and environmental issues in supply chains such as customer demands, compliance with regulations, reducing costs, gaining competitive advantage, and moral obligations. Key levers for influencing supply chain sustainability are a company's purpose, policies, people, relationships with peers/partners, public policy environment, and power within the supply chain. The document recommends establishing a code of conduct, obtaining third-party certifications, selectively choosing suppliers, and monitoring suppliers as baseline practices for building a sustainable supply chain.
This document discusses risk management in logistics and supply chains. It defines risk as the possibility of harm or loss, and risk management as reducing risk impacts. Effective risk management is important as companies increasingly rely on globalized, outsourced supply chains prone to disruptions. The risk management process involves identifying internal and external risks, analyzing them, developing treatment strategies like avoidance or mitigation, and continually monitoring risks and treatments. Supply chain risks can occur at suppliers, distribution, and internally. Ongoing risk management is needed to reduce costs and threats over time as risks evolve with regulatory environments.
The document discusses supply chain risk management. It states that 79% of companies want supply chain risk management and 96% of process industry companies use some form of it. Supply risks will increase in a globalizing world. It provides examples of companies like Daimler-Chrysler, Volvo, Jaguar, Toyota, Cisco, Ericsson, Nike, and Shell that have experienced supply disruptions and learned the importance of risk management. It outlines a process for integrated supply chain risk management including defining strategies, assessing risks, treating risks, and monitoring.
This is the 2010 version of my lecture on Supply Chain Risk.
What is (supply chain) risk?
What are typical supply chain risks?
How to manage supply chain risks?
The lecture is meant to highlight some of the current literature on supply chain risk and to suggest further reading materials. You will not know everything there is to know about supply chain risk after the lecture, but you will know where to find it…I hope
In many organisations, Procurement is beginning to see Risk as part of their responsibilities, second only to savings. In this presentation we will look at identifying risk and consider how it might be treated to arrive at the best Risk solution for your organisation.
Explore new thinking on potential risk to global supply chains and how companies are adopting the statistical methods more commonly associated with finance and insurance. Identifying and profiling risk variables, quantifying risk, and using IT solutions can create higher resilience.
The document discusses supply chain risk. It defines supply chain risk and identifies various types of risks including supply risks, demand risks, and environmental risks. It also discusses strategies for managing supply chain risk such as avoidance, postponement, hedging, control, and risk transfer. Effective supply chain risk management involves understanding risk sources and drivers, identifying critical parts of the supply chain, establishing contingency plans, and working collaboratively with suppliers and customers.
This document summarizes a technical seminar on using social media for supply chain risk management. It discusses how major companies like Dell, HP, Toyota, and Amazon use social media and outlines Dell's supply chain process. It then explains how social media is linked to supply chain risks and identifies different sources of risk, such as market uncertainty, social media, natural disasters, and labor issues. The document proposes a framework for using social media data analysis and monitoring to identify, assess, and mitigate supply chain risks. It concludes by discussing both the advantages and disadvantages of using social media for supply chain risk management.
Tsunamis, terrorist attacks, hurricanes, and volcanic eruptions have impacted the global economy in the last 10 years. The effects of a “discontinuity event” such as a natural disaster, geopolitical shifts, economic uncertainty and demand/supply volatility to your business can be significant, impacting suppliers, vendors and customers. In our new report, Supply Chain Risk Management, we address the need for companies to proactively prepare for the worst to protect their business operations and weather the storm of unforeseen events.
Preventing and Managing Supply Chain DisruptionsThomas Tanel
Supply chains worldwide have been battling various risks and challenges for some time. Each challenge not only threatens to disrupt operations, but also may have a negative financial impact on business performance and prevent an organization from meeting the demands from stakeholders, customers, shareholders, and regulators.
Supply Chain Council members have reported that less than half of enterprises have established metrics and procedures for assessing and managing supply risks and organizations lack sufficient market intelligence, process, and information systems to effectively predict and mitigate supply chain risks. Does this sound like your organization?
f so, supply chain disruptions can be extremely costly. A disruption in your supply chain can cost millions of dollars in lost time, energy and resources. Their effects are both direct (e.g. halting production altogether) and indirect (e.g. on stock values). Taking steps to help reduce supply chain disruption is the only way to avoid these costs.
Proactive discovery and visibility of risks is the key to the prevention and management of supply chain disruptions.
Supply Chain Risk Management (guest lecture Tilburg University March 2010)Robbert Janssen
The document discusses supply chain risk management. It outlines key concepts like supply chain risk, disruption, and vulnerability. Supply chains are increasingly at risk due to trends like globalization and outsourcing. Risk management aims to reduce the likelihood and impact of disruptions through steps like risk identification, assessment, and response planning. The document uses examples like the 2000 Philips semiconductor plant fire to illustrate how risks can be mitigated or amplified depending on a company's preparedness and response.
Discussing the importance of supply chain risk management, taking the case of mining industry. The slides explain what the internal and external challenges, the four types of risks, the risk management process, and the mitigation strategies.
The document discusses the need for supply chain resilience in today's volatile global business environment. It outlines four major trends driving changes to supply chains: 1) consumerism and boundary bleed are spreading consumer expectations like instant service and personalization to all industries; 2) just-in-time practices create efficient but brittle supply chains; 3) emerging markets introduce new risks and opportunities; and 4) regionalism is on the rise as countries seek more local sources. To develop resilient supply chains, companies must understand these forces and continuously monitor risks beyond their borders rather than taking a reactive approach after disruptions occur.
Disruption/Risk Management in supply chains- a reviewBehzad Behdani
This paper describes an integrated framework for handling disruptions in supply chains. The integrated framework incorporates two main perspectives on managing disruptions, namely pre- and post-disruption perspectives, which are usually treated as separate in the existing frameworks. Next, the proposed integrated framework is used to review the literature in supply chain risk/disruption management. The review gives an overview of the key aspects and specific methods that can be used for each step in the framework. Based on the review, some main observations are also discussed. The first is that literature has not uniformly discussed different parts of the framework; pre-disruption steps, such as risk identification and risk treatment, have been explored extensively while post-disruption steps such as disruption detection and learning have been given far less attention. Secondly, there is a lack of quantitative (simulation and modeling) studies for handling supply chain disruptions. These two gaps, therefore, represent avenues for future research on supply chain risk/disruption management.
This document provides an overview of supply chain management concepts. It defines key terms like logistics and supply chain management. It then discusses various components of a supply chain like facilities, inventory, transportation, and information and how decisions around these components can impact efficiency and responsiveness. The document also examines sourcing, pricing and supply chain collaboration strategies and how they relate to the competitive strategy.
The top three supply chain/procurement risks according to the survey are:
1) Supply interruption risk
2) Lack of an effective senior executive-led sales and operations planning (S&OP) process
3) Lack of timely and accurate information and spend analysis capability for strategic sourcing
The top three solutions that would have the greatest impact in minimizing risk are:
1) An integrated and supported supply chain and/or procurement strategic plan
2) A formal and effective enterprisewide supply chain risk management process
3) An effective corporatewide strategic sourcing process
The top three current key business priorities related to supply chain solutions are:
1) An integrated and supported supply chain and
Integrated Process to Manage Disruptions in Supply ChainsBehzad Behdani
The document presents an integrated framework for managing disruptions in supply chains. The framework combines both pre-disruption risk management and post-disruption disruption management into a single process. The process involves four steps for risk management: 1) defining the system and identifying risks, 2) quantifying identified risks, 3) evaluating risks and determining required treatment, and 4) monitoring risks. It also includes four steps for disruption management: 1) detecting disruptions, 2) reacting to disruptions, 3) recovering from disruptions, and 4) learning lessons from disruptions. The integrated process aims to provide a full and systematic approach to handling disruptions across the stages of risk prevention, disruption response, and continuous improvement.
Concert interrupted - an agenda for the chief supply chain officer to develop...Tristan Wiggill
A presentation by Danie Schoeman Master’s Degree in Manufacturing Engineering, Managing Director, Danie Schoeman and Company, South Africa.
Delivered during the 38th annual SAPICS event for supply chain professionals in Sun City, South Africa.
Getting your beautiful supply chain concert of coordination interrupted is going to happen sometime. Supply chain disruptions are inevitable – from superstorms, human illness epidemics to factory fires, child labour and cyber-attacks. Managing risks that cause unpredictable supply chain disruptions have moved past the purview of operational risk managers to the C-suite and corporate boards, where they are increasingly being held accountable for organizational risk. The goal of this paper is to assist the chief supply chain officer to set an agenda for identifying supply chain vulnerabilities and risks, and how to develop a plan and countermeasures for these.
This document is the title page and copyright information for the book "Applied Multivariate Techniques" by Subhash Sharma. It lists the author as Subhash Sharma from the University of South Carolina. The book is published by John Wiley & Sons, Inc. in New York, Chichester, Brisbane, Toronto and Singapore. The document provides basic publication details for the book but no other context or content.
Global Risk: How to Manage Corruption Risk for Your Investment in High-Risk R...Rachel Hamilton
This document summarizes the key topics discussed at an ACI summit on FCPA risks for private equity and hedge funds. It provides an overview of corruption risks in different countries and industries, how to assess risks posed by third parties, post-investment compliance considerations, tools for evaluating a target's compliance program, and recent FCPA enforcement cases. Managing corruption risk requires tailored due diligence, understanding applicable local laws, hiring local experts, documenting decisions, and consulting compliance.
SLIC takes a comprehensive approach to risk management that covers all stages from product development to claims administration. It identifies and analyzes risks from sources such as life insurance claims, investment returns, natural disasters and regulatory changes. Key aspects of its risk management include establishing procedures to mitigate life insurance risks like mortality and longevity, diversifying investments to reduce market risk, setting technical reserves prudently, and ensuring compliance with relevant laws and regulations. The company aims to manage risk and returns effectively through monitoring, reporting, maintaining adequate capital levels and a focus on both risk avoidance and optimization.
This report summarizes the findings of a study on managing risk in the global supply chain. The study surveyed 150 supply chain executives and conducted interviews. It found that while disruptions can significantly impact business performance, most companies do little to formally manage supply chain risk. They do not use outside expertise or quantify risks. On average, only 25% of supply chains are assessed for risk. The report provides recommendations for identifying, prioritizing and mitigating risks through measures like strong suppliers, visibility, insurance, and having backup plans.
Managing Global Research: Risk, Relationships & Evaluating OutcomesSandy Justice
2016 Society of Research Administrators International annual meeting presentation by Kiki Caruson, PhD (University of South Florida) and Sandy Justice (Emory University)
EY Human Capital Conference 2012: Managing global mobility risk - Is cost the...EY
A definition of “business risk”; risk management in leading organizations; global mobility risk; the General Electric's risk management environment; global mobility risk — current themes and trends; General Electric global mobility services; how General Electric manages the risks that matter; conclusion — is cost the barrier?
The Global Supply Chain Ups the Ante for Risk ManagementLora Cecere
This document discusses the importance of risk management for companies with global supply chains. It summarizes the results of a quantitative study on current risk management practices. Some key findings are:
1) Risk management is seen as important for preventing disruptions but ranks lower than other business issues in terms of pain.
2) Supply chain disruptions, especially those involving ports, can have major impacts that linger for years.
3) Advanced risk management programs are led by top executives and focus on prevention, early detection of issues, and contingency planning.
4) Monitoring supplier financial health and developing suppliers are seen as important aspects of risk management by more mature programs.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Supply Chain Risk Management Study slide deck - 18 NOV 2015Lora Cecere
Risks are higher in a global supply chain. To deal with these potential hazards, risk management has evolved beyond dealing with an issue when it’s about to happen to focus on prevention, early sensing, and coordinated execution to respond to an event. There are new strategies and technologies that can proactively formulate a plan to protect your business and operations from the storm of unforeseen events. But how do you get started?
At Supply Chain Insights, it’s our mission to help you improve your operations. We tackled this issue in a panel based webinar on November 18, 2015 featuring Lora Cecere and Pierre Mitchell from Spend Matters to give you their perspective and answer your questions on how to include an effective risk management strategy.
We are sharing the slides used as the foundation for this discussion between two distinguished experts to educate you about why this is important to your operations and how to prepare for an unknown future to safeguard your business from risk using business alignment and risk management tools.
MBA Lecture: Supply Chain Risk ManagementPaul Barsch
The world is getting more complex and interdependent, leaving the old supply chain management assumptions out in the cold. Executives need a new way of thinking when it comes to supply chain risk and better options on dealing with volatility. This presentation discusses problems with predictions, a new framework for risk management, and potential solutions for more effectively countering the effects of globalization.
This document discusses risk management in logistics and supply chains. It defines risk as the possibility of harm or loss and risk management as reducing risks and their impacts. Effective risk management is important as companies now rely more on outsourcing and globalized supply chains, which can be brittle. The document outlines the risk management process of identifying risks, assessing them, treating risks, and continual monitoring. It discusses various internal and external risks to supply chains like natural disasters, supplier issues, and distribution problems. It emphasizes that risk management requires identifying past and potential future risks and developing strategies to avoid, mitigate, share or accept different risks.
Supply Chain Management - Transportation - MBA ProjectAnand Waindeshkar
The document discusses different modes of transportation used in global supply chains, including road, rail, air, water, and pipelines. It describes the advantages and disadvantages of each mode and factors to consider when selecting a transportation method. These include the type of goods being shipped, delivery timelines, costs, and origin and destination locations. The document also examines transportation's role in supply chains and challenges around infrastructure, environmental issues, and changing demand patterns.
Transportation in a supply chain managementsai krishna
The document discusses transportation in supply chains. It describes the key factors in transportation decisions, various modes of transportation including their characteristics and considerations, and designing transportation networks. The roles of shippers and carriers are defined. Details are provided on transportation via air, truck, rail, water, pipeline, intermodal, and their trade-offs and issues in planning transportation.
The document discusses supply chain risk management and minimizing risk exposure. It outlines various risks in the supply chain from external factors like the environment and demand as well as internal factors like processes and governance. It emphasizes the need for a risk framework that includes strategy, execution, and continuous improvement. Key aspects of risk management include risk planning, managing suppliers and inventory, and having the right competencies and performance metrics.
Transportation ppt of suppy chain managementVandna Dhiman
Transportation refers to the movement of products from one location to another along the supply chain and is important because products are rarely produced and consumed in the same place. There are various modes of transportation including air, water, surface, intermodal, and package carriers which use combinations of air, truck and rail to transport goods. The most suitable mode depends on factors like the type of goods, distance traveled, cost considerations, and time sensitivity.
This document provides an overview of UPS Capital and its risk mitigation products and services. It discusses the risks faced in today's global supply chains from disruptions and losses. It then summarizes UPS Capital's suite of insurance, financing, and other solutions that can help companies mitigate supply chain risks, enhance cash flow, and securely accept payments. These include cargo insurance, inventory financing, trade credit protection, and more. The document also notes UPS Capital's presence in over 20 countries and its significance as a driver of profits for UPS.
Healthcare UPS Temperature True Cryo Customer Presentation-FINALCharles Trammell
The document discusses UPS's cryogenic shipping service for biologics. It notes that the global biologics market is growing significantly and will reach nearly $300 billion by 2020. UPS's cryogenic shipping service, called UPS Temperature True Cryo, uses specialized packaging to maintain stable cryogenic temperatures below -150 Celsius during transportation in order to safely ship temperature-sensitive biologics. It provides shipment tracking, monitoring, and intervention capabilities to help ensure shipments arrive safely.
The document discusses how e-commerce and international trade are growing opportunities for small and medium enterprises (SMEs) in Belgium. It notes that the Belgian e-commerce market is booming, with the number of online shops growing by 5,000 per year. Additionally, the number of SMEs exporting goods has increased by 2% over the last 12 months. The document also presents information on UPS's expanding network of Access Points, which allow packages to be delivered and picked up at alternate locations beyond the home.
We will review changes to CTPAT and what they mean for current participants as well as for companies considering CTPAT.
UPS Customs Brokerage, Import, Export, Trade, Trade Regulations, Duties, Customs Clearance, STTAS
Mike Swanson, Director of Marketing at UPS, offered a comprehensive presentation about empowered consumers and online shopping at the 2nd Annual eCommerce Expo South Florida hosted by Rand Marketing in Fort Lauderdale, Florida.
The UPS presentation focuses on a wide spectrum of eCommerce topics, including choice, control and convenience, how mobile and social is driving eCommerce growth, the empowerment of consumers, and global business to business topics and strategies.
UPS uses big data and analytics to optimize its delivery operations, reducing costs and improving efficiency. By analyzing data from its vast information infrastructure, UPS can forecast demand, plan optimized routes, and monitor performance in real time. This has allowed UPS to reduce fuel consumption and emissions by millions of units while improving service levels. UPS aims to advance in predictive and prescriptive analytics to further optimize operations and gain competitive advantages.
Does your Company Understand How to Export into MexicoGreg Maddaleni
Guest speakers from the U.S. Commercial Service and the Small Business Administration, provide an overview of existing programs supporting businesses looking to export. Furthermore, we share current trends in e-commerce in Mexico and what products does UPS have available to support small, medium and large businesses looking to export into Mexico.
UPS Customs & Trade Compliance and STTAS, a UPS company, will provide the latest information regarding Export Compliance, and provide key insights pertaining to companies who export.
Welcome back to our third annual trade policy review that investigates government policies impacting trade. We will also evaluate tools and options available to a trader to take advantage of opportunities or alleviate possible negative impacts.
U.S. Duty Drawback changnd, becoming more streamlined and flexible, potentially making it available to more importers as a cost effective, pragmatic way to recoup and reduce total duty expense.
Has your company yet investigated this opportunity?
UPS - Delivering the future of medicineWim Lievens
Case study describing a solution UPS put in place for a biopharmaceutical manufacturer shipping investigational medicinal products for a clinical trial.
UPS Capital provides cargo insurance and other financial services to protect businesses' supply chains. It offers all-risk cargo insurance policies that provide worldwide, multimodal coverage for goods in transit or storage. Cargo insurance policies can be customized and offer benefits like faster claims resolution compared to relying on carrier liability. UPS Capital also provides flexible parcel insurance options to cover shipments by various carriers as well as specialized programs for high-value goods.
What U.S. Importers Need to Know about Forced Labor in the Supply ChainGreg Maddaleni
This document is a presentation by UPS that discusses forced labor and social compliance. It notes that globally over 25 million people are victims of forced labor, including 4.1 million imposed by government authorities. It provides definitions of forced labor and social compliance. It outlines recent legislation aimed at combating forced labor, including forced labor from North Korea. It discusses steps Customs and Border Protection has taken to block shipments involving possible forced labor and to issue requests for information to importers. The presentation provides recommendations and resources for importers to minimize the risks of importing goods produced with forced labor.
In Naples on the 28 of February Cofindustria has organized an event around Industry 4.0. UPS presented some illustration regarding the role of the Supply Chain
UPS Update on US Steel and Aluminum Section 232 TariffsGreg Maddaleni
This document from UPS provides information about US tariffs on steel and aluminum imports. It states that in March 2018, presidential proclamations imposed additional tariffs of 25% on specific steel imports and 10% on specific aluminum imports from most countries. It outlines the criteria goods must meet to qualify for the tariffs and lists exempted countries. It also discusses implications for goods in foreign trade zones, free trade agreements, and the process for applying for import exclusions.
Mitigating Global Supply Chain Risks through Smarter Supplier ManagementSAP Ariba
Procurement executives, though continually challenged to maintain sustainable savings, face numerous challenges integrating supply risk management holistically into spend management. This is especially true for organizations that have focused on reducing costs and limiting working capital levels as a response to difficult market conditions.
Join this session to hear from leading experts and Ariba customers as they share how to leverage smarter supplier management and embark on a journey from being company-centric to being customer-centric and demand-driven using business networks.
B2B e-commerce, enjeux et transformation, le rôle de la Supply ChainJean-Francois Mathieu
Le B2B e-commerce va doubler dans les prochaines années, en France. Avec son facteur humain, la Supply Chain y joue un rôle essentiel, en rendant tangible tout le parcours digital.
Intégrer les facteurs essentiels de la Supply Chain via des API est devenu une condition nécessaire.
Margaret A. Kidd, Program Director, Supply Chain and Logistics Technology, College of Technology, University of Houston is Guest Speaker for CILT international webinar on Supply Chain Sustainability in the Maritime Sector
Guest Speaker Becky Loo, Director of the Institute of Transport Studies, and Founding Co-Director of the Joint Laboratory on Future Cities at the University of Hong Kong is Guest Speaker for a CILT Green Series webinar on Smart and Sustainable Mobility: Delivering Low Carbon Places
Professor Alan McKinnon, Kühne Logistics University is Guest Speaker for a CILT Green Series Webinar examining green technology and sustainability issues in relation to the logistics and transport sector
Lucie Anderton, Head of Sustainability Unit, International Union of Railways (UIC) is Guest Speaker for a CILT Green Series webinar on Smart and Sustainable Mobility: Delivering Low Carbon Places
Deborah Fox, Head of Demand Management, Transport for West Midlands (TfWM) is Guest Speaker for a CILT Green Series webinar on Smart and Sustainable Mobility: Delivering Low Carbon Places
Giles Perkins. Head of Future Mobility, WSP is Guest Speaker for a CILT Green Series webinar on Smart and Sustainable Mobility: Delivering Low Carbon Places
This document discusses challenges in dangerous goods logistics during the Covid-19 pandemic. It outlines several dangerous goods incidents at sea in 2019 caused by misdeclared or undeclared cargo. Possible reasons for incidents include regulatory gaps, improper cargo securing and packaging, and lack of fire protection systems on some vessels. Tools are available to manage dangerous goods, but supply chain complexities have increased under Covid-19 due to budget constraints, lack of technology adoption, and limited resources. Remote training and upgraded technology are suggested for moving forward during the pandemic.
Victor Gado, Director of Transport Compliance Safety Training is guest speaker for international webinar on Global Compliance Gaps in Dangerous Goods Logistics
Lee Nelson, Operations Manager at Emergency Response Assistance Canada (ERAC) is guest speaker in international webinar on Global Compliance Gaps in Dangerous Goods Logistics.
Larry Tweed, Market Systems Advisor,
USAID Competitiveness, Trade, and Jobs in Central Asia, Kazakhstan is guest speaker for a CILT International webinar on 'The importance of human capital in Covid-19 Recovery’
Mohamad B.Jamil, Partner MEIRC Training and Consultancy, Dubai is guest speaker for CILT international webinar on 'The importance of human capital in Covid-19 Recovery’
Lt Col (Retd) Kevin Byrne, international aviation expert, and Past International President of CILT is Guest Speaker for CILT international webinar on Wednesday 15th July 2020.
Marina Kuznechevskaya, International Aviation Expert and Member of Advisory board of IATA Cargo and Passenger committees is Guest Speaker for CILT international webinar on Wednesday 15th July 2020.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
AHMR is an interdisciplinary peer-reviewed online journal created to encourage and facilitate the study of all aspects (socio-economic, political, legislative and developmental) of Human Mobility in Africa. Through the publication of original research, policy discussions and evidence research papers AHMR provides a comprehensive forum devoted exclusively to the analysis of contemporaneous trends, migration patterns and some of the most important migration-related issues.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
Preliminary findings from OECD field visits for the project: Enhancing EU Mining Regional Ecosystems to Support the Green Transition and Secure Mineral Raw Materials Supply.
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
Working with data is a challenge for many organizations. Nonprofits in particular may need to collect and analyze sensitive, incomplete, and/or biased historical data about people. In this talk, Dr. Cori Faklaris of UNC Charlotte provides an overview of current AI capabilities and weaknesses to consider when integrating current AI technologies into the data workflow. The talk is organized around three takeaways: (1) For better or sometimes worse, AI provides you with “infinite interns.” (2) Give people permission & guardrails to learn what works with these “interns” and what doesn’t. (3) Create a roadmap for adding in more AI to assist nonprofit work, along with strategies for bias mitigation.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Your supply chain is the lifeblood of your business.
Risks come in all shapes and sizes. It isn’t a question of if, it is a question of when and how severe they are. Typical supply chain risks include:
Safety issues
Buyer default, delinquency or bankruptcy
Customs and port issues
Natural disasters
Political or civil unrest
Theft or damage incidents
A big risk most people don’t consider is receivables risk. Most don’t realize that on average, 40% of a company’s assets are uninsured. And on average, 1 in 10 invoices is delinquent. This puts a strain on cash flow and is a financial risk for any company.
Most companies assume it won’t happen to them – but every year there are over 2700 containers that are lost at sea each week and over 800 cargo thefts in the US with an average value of $233K. Not bad until one of them is yours. The truth of the matter is things happen. Weather events are becoming more extreme, ocean container ships are increasing in size resulting in more risk. Cargo theft is on the rise.
Let’s take that cargo theft example – and assume a 6% margin. You would need to generate almost $4M in new sales to cover the cost of those stolen goods.
That is a lot –especially for a small company.
According to a recent survey we conducted with the Global Supply Chain Institute at the University of Tennessee, supply chains professionals identified that
90% of firms do not quantify risk when outsourcing production
75% of a company’s supply chain is not assessed in any way for risk
66% had risk managers in their firms, but most of those ignored supply chain risk
And 100% acknowledged insurance as a highly effective risk mitigation tool but stated it wasn’t on their radar or in their purview.
These are some pretty telling statistics.
We wouldn’t think of going without insurance for our homes, our cars or our health. But too often, companies think they don’t need to provide protection for their supply chains.