Views - The Forum on Supply Chain Risk + Compliance Management 2016
"Standards & Certifications plays key role in mitigating Supply Chain Risks. It helps in clearly defining the risks and thereby planning the SCM ecosystem accordingly"
Mr. Onkar Thakur, Head – Vigilance, Gati Kintetsu Express Pvt Ltd
- Gained expertise in handling Security Management, Fraud Prevention and Detection, Vigilance Mechanism, Facilities Management, Procurement, Event Management
- Creating vigilance network for carrying out in-depth and extensive investigations related to corruption, various frauds sub-standard execution of work, misuse of official positions, disproportionate assets, cheating, falsification/forged documents
- Distinction of handling sensitive industrial security assignments, investigations, emergency management, logistic security, personnel security, SCM Security, warehouse security, township security, etc
Q. May we request you to highlight the areas of Supply Chain Risks?
Mr. Thakur: Asset Misappropriation - Forgery, Cash Theft, Merchandise Theft, Unpaid Services, Billing Schemes, Robbery, Vehicle Hijacking etc
Bribery/Corruption - Bribery of Government Officials, Commercial Bribery, Insider Trading, Kickbacks, Contract Manipulation, Poor Decision-making
Q. The Supply Chain Risk: Who owns it? Compliance Management Program: What drives it?
Mr. Thakur: Risk Management Team/Vigilance Teams owns it, but then business team shall be fully aware about the risks and function accordingly.
Compliance Management: Prevention, detection, response whereas prevention is proactive and a cost inhibitor.Response is a REACTIVE strategy – Costs are HIGH
Response: Policies, procedures, infrastructure, relationships, and other measures designed to help a company react appropriately when fraud is discovered to minimize damage, then find and eliminate root causes of the fraud.
Q. What do you think are the areas of improvement in transforming Supply Chain in India?
Mr. Thakur: Improve service quality, improve infrastructure
Reduce fraud and related costs
Enhance their reputations for honest business
Improve the environment for business
Create a more sustainable platform for future growth
Automation and best practices
Q. How can stakeholders develop a Risk Based Action Plan for Supply Chain Security?
Mr. Thakur: Risks are dynamic in nature, may change as per geographical and socio economic factors, but then certain risk are universal. A clear policy with laid out action plan shall be developed on the basis of risk factors. Management must ensure proper implementation of the same with regular review at the board level. Its also good for the SCM security that various player in this business discuss the common risk factor and share experiences to chart out a better control mechanism.
Q. Your views on Standards & Certifications in mitigating Supply Chain Risks. Should the Standards & Certifications be made mandatory for the Supply Chain ecosystem? How do you think it is achievable?
Mr. Thakur: Standards & Certifications plays keyrole in mitigating Supply Chain Risks. It helps in clearly defining the risks and thereby planning the SCM ecosystem accordingly. These help in having a systematic approach for mitigating the risks and are based on the facts and scientific data in support of these being highly effective in alleviating risks. The standards and certification are designed by expert in the domain and specific to the issue hence these have direct benefits and shall be made mandatory for SCM. Making anything mandatory is not as easy task and needs proper platform and consensus to implement. In my view a proper forum of the stakeholders from the industry shall come forward and deliberate on this issue and take it forward with the view of benefiting the industry.
Q. Do you think the stakeholders from Supply Chain ecosystem at any and all levels whether in public and/or private and/or the national and global top professional and trade associations and organizations should come forward and utilize such a forum/platform such as, ‘The Forum on Supply Chain Risk + Compliance Management ‘, and encourage and support such forums?
Mr. Thakur: Yes
Q. What discussion topics would you like the forum to cover and deliver? And, what would you like to take away from ‘The Forum on Supply Chain Risk + Compliance Management in 2016?
Mr. Thakur: The industry is going through shortage of Drivers and there has to be some policy framework to attract people to join in, also need to make effort to have special training schools for them and permanent job policy.
Risk Assessment and Due Diligence
Supplier Management and Control Processes
Additional Controls for Purchasing and Bidding
- Supply Chain RISK + COMPLIANCE MANAGEMENT – What it really means to MANUFACTURERS?
- Transforming the Supply Chain with National and Global STANDARDS to manage RISK and COMPLIANCE.
- IMPORTANCE & ROLE of STANDARDS & CERTIFICATIONS in Supply Chain RISK MANAGEMENT + COMPLIANCE.
- Best Practices Case Studies + Use Cases in Supply Chain Risk + Compliance Management.
- Securing the Supply Chain ECO-SYSTEM and the role and responsibilities of the STAKEHOLDERS;
- Logistics Providers
- Freight Carriers
- Law Enforcement Agencies
- Government Agencies
- Security Professionals
- Logistics Professionals
- Freight Services Industry Companies
- Insurance Companies
- Audit Companies
- Technology Companies
- The IMPORTANCE & ROLE of TECHNOLOGY in STANDARDS Development
- TELEMATICS for Cargo + Driver Safety and Security
- Cold Chain Management - temperature-controlled supply chain:
- Life Sciences: Clinical Trials - Hospitals and Blood - Pharmaceuticals - Vaccines,
- Fresh and Processed Food - Produce - Seafood - Meat and Poultry - Dairy - Floral
- Technology Solutions for Warehouse Safety & Security
- TELEMATICS for Cargo + Driver Safety and Security