Global Supply Chain Risk Management

Thursday, June 26, 2008 - 2:00 pm - 2:45 pm

Track: Cutting Edge Research & Benchmarking

Session Abstract:

In today’s global marketplace, organizations are under increasing pressure to comply with a multitude of different performance guidelines and standards: quality management, product safety, occupational health and safety, import/export regulations. labor laws, environmental management and protection, and security.  The pressure to sustain success in the global competitive environment while protecting the brand requires ongoing improvements of the supply chain risk management model with appropriate assessment and response solution processes.  The objective of this session is to present a solution process with business applications that utilize web technology to address risk based assessment and response steps within the overall domain of global supply chain risk management.  Attendees will learn about the results of university research on supply chain security and the results of ongoing application of web based solutions to achieve more efficient and effective global supply chain risk management.

The session initially presents the results of a multiple year Department of Homeland Security sponsored research initiative lead by Michigan State University, University of Minnesota, and Georgia Tech to define the vulnerability gaps, status of corporate security/brand protection, and recommendations to enhance US supply chain security. The session will also provide a summary of research results on availability and application of information technology to address global supply chain security-brand protection.  The emphasis of the session will be on the successful application of web based technology to improve efficiency and effectiveness of the assessment and response to enhance brand protection.  Selected applications of the technology will be presented with arrangements for demonstration possible.

The referenced solution utilizes a risk based process that is being successfully applied to assist in risk mitigation for any or all of the three pillars of a sustainable supply chain; economic value, social responsibility, and environmental stewardship. The session discusses an actual operational risk based solution from supplier-commodity through retail that uses a web based based decision system to address risk for a major foreign enterprise operation. This solution addresses Economic, Social and Environmental risk factors. The solution involves upwards of thousands of raw materials, finished consumer products, and transportation suppliers from multiple national sources to service over 90,000 establishments (processors and retail operations). The solution includes risk based field audit scheduling, linkage to enterprise database and compliance reporting.

Learning Objectives:

•          Provide understanding of need to address global competitive environment while also protecting the corporate brand

•          Present results of multiple year research completed over the period of 2005-2007 by Michigan State University to enhance US supply chain security. The research was sponsored by the Department of Homeland Security and industry.

•          Present recommendations on supply chain benchmarking, process and information technology to address global supply chain security-brand protection

•          Review approach to address sustainability through the concept of The Triple Bottom Line- Economic, Social and Environmental performance tradeoffs.

Learning Outcomes:

•          A framework with defined supply chain core competencies that drive security and brand protection performance

•          Reference to an available benchmark spreadsheet tool to compare corporate competency scores to those of top performing companies

•          Suggested process with 10 elements/steps to develop and manage corporate security and brand protection

•          Review of proven solutions to address supply chain incident response through use of web and risk based hardware/software systems. Suggested approach to achieve more resilient, sustainable supply chain through Triple Bottom Line business model and information technology

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