Risk Based Thinking: What Could Possibly Go Wrong?
Andrew Cole, Manager, Tailored Solutions, BSI, Parrish, FL, USA
Keywords: Risk, RBT, Risk Based Thinking, Risk Assessment
During this interactive Webinar we will review the core principals of Risk Based Methodologies as it pertains to Supply Chain Risk Identification, Risk Assessment, Risk Planning, and Risk Review. If any of your Supply chain falters, use unethical employment practices, have unhealthy or hazardous working conditions, produce unsafe products, operate environmentally-unsound production plants, your organization’s reputation could be seriously compromised.
As standards and guidelines continue to adopt a risk based approach, equally the demand to push risk down through the supply chain becomes more prevalent. However, organizations are increasingly challenged to manage supply chain compliance requirements, and to reduce disruptions that can impact brand reputation, operational execution, and financial performance. An effective supply chain compliance program provides organizations control and visibility into the supply chain, enabling smoother operations and the movement of goods. Ultimately, the key outcomes of an effective supply chain compliance program include improved visibility, collaboration, and control over supply chain compliance execution in order to proactively reduce disruptions.