Analyse The Main Risks That Can Impact On Supply Chains

Front 1

Risk definition

Back 1

The effect of uncertainty on objectives.
Uncertainty is created by a) Variability and b) Ambiguity

Front 2

Risk Management Process

Back 2

Understanding and analsing the nature of the risk,
Calculating the possibility of occurrence,
Calculating the impact or consequence,
Developing options to offset or reduce

Front 3

Definition of a Hazard

Back 3

Source of potential harm or danger.
'The possibility that a hazard will cause loss or damage'

Front 4

Vulnerability

Back 4

Things or factors that make an organisation more prone to risk,
The extent to which an organisation is affected by potential vulnerabilities

Front 5

Risk Exposure

Back 5

Maximum loss or damage that can be suffered.
Inherent Risk(before any action),
Risidual Risk(remaining after controls are in place),
Objective: Acceptable risidual risk exposure

Front 6

Risk Events

Back 6

Shocks - Unanticipated events,
Crises - Major events, anticipated or otherwise,
Disasters - Major natural or human-induced events

Front 7

Risk Apetite

Back 7

The amount of risk an organisation is willing to bear.
Risk Enthusiastic or,
Risk Averse

Front 8

Levels of Risk

Back 8

Corporate - Over arching, strategic.
Delegated - Risk at different levels,
Project - Temporary in nature

Front 9

Consequences of Risk

Back 9

Upside Risk - Uncertanties with positive outcomes,
Downside Risk - Negative outcomes resulting in:
Direct Losses and,
Consequential losses

Front 10

Benefits of effective risk management

Back 10

S SHAPES I

Front 11

Techniques for Risk Identification

Back 11

Published research results,
Environmental Scanning,
Horizon Scanning,
Monitoring becnhmark organisations,
Market intel and MIS,
Critical Incident investigation,
Scenario Analysis,
Process Audit,
Periodic Checks,
Examining project plans and supply chain maps,
Conducting formal risk assessments,
Consulting with stakeholders & experts,
Employing 3rd party consultants,

Front 12

Internal and External Sources of Risk

Back 12

Internal environment - Within the organisation,
Micro Environment - Operating environment,
Macro Environment - Market and society

Front 13

STEEPLE

Back 13

Socio-Cultural,
Technological,
Economic,
Environmental,
Political,
Legal,
Ethical

Front 14

Range of risks from global trading environment

Back 14

Country Risk,
Payment Risk,
Curency and exchange rate risk,
Transit and logistical risk,
Legal and contractual risk,
Compliance and reputational risk

Front 15

The Competitive Environment - Porter's 5 Forces

Back 15

Threats from new entrants,
Buyer's bargaining power,
Supplier's bargaining power,
Threat from Substitutes,
Competitive rivalry within the industry