Actions

G3

Manage Supply Chain Risk

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

Risk Bow Tie Matrix template

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

IDNameLevelx
GGovern1G
G3Manage Supply Chain Risk2G3
G301Define Context3G301
G302Identify Risks3G302
G303Analyze Risks3G303
G304Evaluate Risks3G304
G305Treat Risks3G305
G306Monitor Risks3G306
G307Report and Communicate3G307

Term(s)

IDNameClearx
Risk RegisterRisk RegisterRisk Register
SCRMSupply Chain Risk ManagementSCRM

Workflow

FromInput(s)
Process
Output(s)To
G3
Note: Common inputs and outputs are listed in alphabetical order. Other inputs and outputs may be required to support varying use cases.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