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Supply Chain Risk Management

Risk Mitigation. Supply Chain Risk Management. Disruptions have caused impacts such as: Failure in order fulfillment and loss of revenue Increased cost of supply and operational costs Damage to the reputation Possible failure against agreements/contracts

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Supply Chain Risk Management

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  1. Risk Mitigation Supply Chain Risk Management Disruptions have caused impacts such as: • Failure in order fulfillment and loss of revenue • Increased cost of supply and operational costs • Damage to the reputation • Possible failure against agreements/contracts • Impact on overall performance, stock prices Several reasons cited as causes for usual disruptions: • Natural calamities • Incidents in plants • Adverse weather conditions • Labor strikes • Transport network disruptions • Supplier bankruptcies

  2. Review event updates for assessing Risk Get updates from different areas on events with risks associated Risk Index High Medium Low WIP Analyze impact of a risk further by Supplier, Manufacturing Location, Distribution Network and Customers

  3. Supplier Impact Overview Get an overview of Suppliers across the world

  4. Supplier Impact Overview Determine risk levels

  5. Supplier Impact Overview Evaluate risk details for specific suppliers or locations

  6. Supplier Impact Overview Identify potential impact supply disruption on the business’ manufacturing facilities

  7. Customer and Product Impact Identify potential impact on products in manufacturing or current customer orders at hand

  8. Mitigation Alternatives Plan risk mitigation actions, starting with careful allocation of available inventory

  9. Mitigation Alternatives Identify impacted customers where orders may need alternate actions or may not be fulfilled in time

  10. Mitigation Alternatives Identify alternate plants, supply locations within the organization with surplus availability

  11. Mitigation Alternatives Identify and evaluate alternate suppliers to fulfill supply gaps due to disruption

  12. Mitigation Alternatives Manage Actions on Orders impacted without immediate alternatives WIP Send to Operational System for re-scheduling Send to Sales Team for Communication and Re-planning

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