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.
Transcript
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.
How do we penetrate the global supply world?
Being shown the door
Centralized function in a decentralized organization
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
Advice • Demand • Success • Top of mind
Build based on demand • Push vs. Pull • Success: Under-the-roof • Concern: Business Partner Risk
Onsite Business partner • List • Screen • Plan
Offsite Business Partner • Score card • Toolkit • Audit
Road map • Transparency and Management • Commercial • Capital Expenditure and Design
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
Road map • Transparency and Management • Commercial • Capital Expenditure and Design
Let’s look at an example
Step 1: List Product selection Partner selection
• Flexi-pac
• Cargill
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.
