Supply-chain risk assessment
At every stage in the process –
developing a sourcing and supply-chain strategy, selecting suppliers and partners, managing established relationships and processes, or even discontinuing a relationship or process – risks need to be acknowledged and effectively managed. PricewaterhouseCoopers (PwC) helps companies to make an inventory of these key risks; to evaluate their potential impact, using established and tested risk-quantification tools; and to assess the likelihood of their occurrence.
Design of frameworks for supply-chain risk management
PwC can help companies that have conducted an assessment of their supply-chain risks to design an appropriate risk-control framework. Our methodology, which is based on the enterprise risk-management framework developed by the Committee of Sponsoring Organisations of the Treadway Commission (COSO), systematically considers each of the components required for effective risk management – internal environment, business objectives, event identification, risk assessment, risk response, control activities, communications and monitoring procedures.
Supply-chain risk mitigation
One of the most challenging aspects of supply-chain risk management is ensuring the proper implementation and continued application of an effective risk-control framework – procedures, training, monitoring and reporting. Companies that have identified their key risks and defined the appropriate responses require adequate capabilities and the organisational discipline to implement the risk- control framework effectively. PwC helps clients to implement effective risk-mitigating activities and controls by providing training and monitoring services.
