OpenReference

The collection of processes associated with identifying, assessing, quantifying, evaluating and mitigating the risks associated with product and service supply chains. It covers the entire life cycle of the supply chain network as threats and vulnerabilities may compromise the supply chain at any stage.

Supply chain risk is typically Managed over the entire end-to-end supply chain.

Use Cases

File:OR-RBT.png

Risk Bow Tie Matrix template

• Supply Chain Risk Management
• Insurance
• Dual sourcing strategy
• Forward buying or hedging
• Supplier qualification

Notes

OpenReference recommends adoption of ISO 31000 processes to build Supply Chain Risk Management governance processes, systems and behaviors. Manage Supply Chain Risk provides the processes to describe an enterprise's Supply Chain Risk Management processes. ISO 31000 is copyright ISO.

Compare to: ISO 31000:2009 Supply Chain Risk Management Risk Register

Hierarchy

ID	Name	Level	x
G	Govern	1	G
G3	Manage Supply Chain Risk	2	G3
G301	Define Context	3	G301
G302	Identify Risks	3	G302
G303	Analyze Risks	3	G303
G304	Evaluate Risks	3	G304
G305	Treat Risks	3	G305
G306	Monitor Risks	3	G306
G307	Report and Communicate	3	G307

Term(s)

ID	Name	Clear	x
Risk Register	Risk Register		Risk Register
SCRM	Supply Chain Risk Management		SCRM

Workflow

From Input(s)	Process	Output(s) To
	G3

Manage Supply Chain Risk Govern 4230000 2 Supply Chain, Risk, Management, Assessment, Mitigation Identify and quantify supply chain risks, evaluate risk strategy and developing and implementing measures to mitigate supply chain risks