Reduce Business Risk with Supply Chain Risk Assessment from SCAIR®
Identify, track and manage supply chain exposure
Give your business a competitive advantage with supply chain risk assessment from SCAIR®. By understanding and preparing for supply chain interruptions, your business will be a crucial step ahead when a crisis does happen.
Our Supply Chain Analysis of Interruption Risks software tool (SCAIR®) quantifies and represents risks associated with each step of the chain. SCAIR® has been designed to address the unique needs of the bio-pharmaceutical industry’s highly regulated multistage supply chains. We can help you to identify risks for both internal (owned sites) and external (suppliers and contract manufacturers) supply chains. We then provide an objective assessment process to help shape your business’ supply chain risk mitigation strategies.
SCAIR® Supply Chain Risk Management Process
Cost vs benefit analysis of risk mitigation
(Quantify value at risk and evaluate the need to hold stock or establish alternate supplies.)
Estimate Supply Node Exposures – Understand the Impact on your Bottom Line
SCAIR®’s Supply Node Exposure Estimator module is the tried and tested business interruption estimation tool that can help you understand the vulnerable links in your organisation’s product supply chain. It maps out critical supply points and their relationships with each other and produces loss estimates for failures in supply chains which could result in business interruptions.
This vital information can be used to identify mitigation measures which provide an acceptable level of risk to the business. It can also help you respond appropriately to failures in the supply chain.
Mapping Value and Vulnerability through Supply Chain Risk Quantification
By using existing business data such as internal planning information and profit predictions, the Supply Node Exposure Estimator quantifies the accumulated exposure of your business’s portfolio of products for each critical supply point. These include owned internal locations as well as third party suppliers.
The quantification process results in individual loss estimates for each supply point. These loss calculations model the reputational damage caused by a supply interruption. They account not only for profits lost during the period that a company is unable to supply the market, but also the on-going impact of a supply interruption in terms of permanent loss in market share. All loss estimates include:
- The gross profit loss during the supply outage which is dependent on scenario
- The loss in market share once the supply of product is restored
- The additional cost of working
Helping Businesses Prioritise Risk Mitigating Actions
The Supply Node Exposure Estimator’s loss estimates represent the true value at risk to your business’s complete product portfolio. This data can be used to inform cost benefit analysis of investments in contingencies and the prioritisation of mitigation actions. It can also be used to optimise insurance buying or risk financing decisions.