RIMS Risk Maturity Model (RMM) Webinar with RIMS Chapter Officers
Rims 2016 Global supply chain risk and resiliency
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Transcript of Rims 2016 Global supply chain risk and resiliency
Rollout & maintain a global supply chain risk and resiliency program RIC012
Sean Murphy CEO & President, Lootok Sean is CEO & President of Lootok, an operational risk management consulting firm based in New York. Founded in 2006, Lootok brings a fresh perspective to managing organizational resiliency initiatives including business continuity and crisis management.
Chris de Wolfe Director of Corporate Risk, Mars Incorporated Chris is Director of Risk Management at Mars Incorporated. In providing operational risk management direction and leadership to all Mars units worldwide, Chris oversees property loss control, safety audits and liability exposure analyses, international insurance, and business continuity planning activities worldwide.
Goal • Supply heads with RM’s support expertise • Show immediate benefits • Not consume too much of their time
What challenges do I face? • Failed first attempt • No one from supply asks for help • Tried to move too fast • We came out of nowhere
Where did I want to be? • Better management of Mars Risk
environment
• Infuse Risk Management into Mars’ Global Supply network
How did I get from A to B? • Redrafted on vision • Started simple • Established relationships
and a simple process • Planted seeds for growth
Road map • Transparency and Management
• Watch list • Concept plans • Continuous improvement
• Commercial • Capital Expenditure and Design
Road map • Transparency and Management • Commercial
• Contacts • Proof of concepts
• Capital Expenditure and Design
Step 2: Screen Crisis Cards
• Chooseacardatrandomfromthedeckandreads
thescenariotothegroup.
• Basedonthescenario,wouldyoudeclarethisa
crisis?Explainyouranswer.
Afireeruptsinthe
factory.Twoassociates
areinjured,several
tonsofproductis
burned,andsome
criCcalequipmentis
damaged.
Step 2: Screen Risk Matrix
Enhance capabilities over time
Invest and maintain capabilities
Develop workarounds and monitor
Monitor
How do you measure probability?
Low: Once in a lifetimeMedium: Once every few yearsHigh: Once a year
Step 3: Plan Attackers & Defenders
Identify your most vulnerable high impact �equipment items using competitive strategies.
Step 3: Plan Attackers & Defenders
Instruc(ons
• Trytocausemaximumdamageto
thebusinessbyaEackingthree
equipmentitems.
• WriteyourselecCons,whyyou
chosetheseitemsandhowyou
wouldaEackthem.
• Whendone,foldyourcardinhalf.
Step 3: Plan Attackers & Defenders
Instruc(ons
• Trytokeepthebusinessafloatby
choosingthreeequipmentitemsto
protectfromtheaEackers.
• WriteyourselecCons,thestrategies
youwoulduse,andyourreasoning
fordoingsoonthebackofyour
defendercards.
• Whendone,foldyourcardinhalf.
Step 3: Plan Strategies
OtherDevelopanyotherstrategyasrequired
Re-engineerRe-engineerrecipesorprocessestoremove,reduce,orreplacethematerialsorservice
ReplaceFindalternatesuppliers
ReassignReassignproducContoanothersite
ReplaceFindalternatesuppliers
OtherDevelopanyotherstrategyasrequired
RedundancyEnsureredundantsuppliers,materials,orservices
Step 3: Plan Task Master
Assess situation Activate communication plan
Meet to discuss the plan and define roles & responsibilities
Perform risk analysis on food safety issues. Define list of alternate vendors
Call alternate vendors and arrange for new supply
Work with commercial and supply to determine how much produce is in marketplace and lead times
Select and draft contract with new vendors
• Identify resiliency strategies and recovery tasks for your key failure scenarios.
Contact XYZ site and determine capacity to produce additional Product A and B
Coordinate distribution of product from XYZ site
Step 3: Plan Task Master
• Writedownkeytasksthatwillleadyoutowardsuccessfulrecoveryonpiecesofpaper.
• PlacethetasksundertheappropriateCmeframes.
• ANeryouhavefinishedwriCng,reviewthetaskstoensuretheyhavebeenplacedinthecorrectCmeframeandthatnothinghasbeenforgoEen.
Questions
Chris de Wolfe Director of Risk Management [email protected] www.linkedin.com/pub/chris-wolfe/13/ab9/70
Sean Murphy CEO & President, Lootok [email protected] www.linkedin.com/in/seanmurphy