Views - The Forum on Supply Chain Risk + Compliance Management 2016
"One of the discussion topic in the forum that I will be interested in is, the best practices being followed across the Industries on Risk + Compliance management."
Mr. Sudhir Kachhara, Head - Supply Chain Management (Mumbai Circle), Indus Towers Limited
Myself is Engineering Graduate with PGDBA in Operations. I am having more than 18 years of experience in Supply Chain across various organization (Manufacturing, Process and Telecom Sector). To my belief successful Supply Chain Executive should always work towards to improve value to organization in terms of cost saving, reduce waste and improve efficiency.
Q. May we request you to highlight the areas of Supply Chain Risks?
Mr. Kachhara: Supply Chain risks can broadly be categorized into 3 types:
• Material Risk: This involves stock-outs, bad quality of material used and wrong model of material delivery.
• Finance Risk: This includes wrong costing of products and wrong procurement strategy, delayed payments to business partners and
• Information risk: This results due to bad reporting of data, mis-communication with relevant stakeholders and wrong expectations of actions.
Q. The Supply Chain Risk: Who owns it? Compliance Management Program: What drives it?
Mr. Kachhara: Primary responsibility of ownership is with the supply chain team. However, supply chain being a horizontal function, the ownership of the risk is also with the user team (Other departments like Operations, Projects etc.) as well as with Business Partners. Supply Chain team being at a central point of Users and business partners needs to drive the Compliance Management Program
Q. What do you think are the areas of improvement in transforming Supply Chain in India?
Mr. Kachhara: Adherence to standardization and following of standard operations procedure is crucial in transforming of Supply Chain in India. This will ensure in driving down inefficiencies and making supply chain more cost efficient and value driven.
Q. How can stakeholders develop a Risk Based Action Plan for Supply Chain Security?
Mr. Kachhara: To develop a comprehensive risk action plan, each stakeholder has to understand ground level complexities. An end to end view of material, finances and information pertaining to their function and work will help them identify essential supply chain risk and develop a preventive action policy
Q. Your views on Standards & Certifications in mitigating Supply Chain Risks. Should theStandards & Certifications be made mandatory for the Supply Chain ecosystem? How do you think it is achievable?
Mr. Kachhara: Before taking a decision of making Standards & Certifications mandatory, the key question which needs to be addressed is how we can make this the goal of the organization. Employees don’t follow standardization due to view of short-term target achievements or wrong design of standards. If this problemis solved then Standards & Certifications would easily become a prevalent practice.
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. Kachhara: Definitely, this forum can help organization ensure that their future is more resilient to possible risks which the supply chain has. Sharing of best practices in domain will overall improve supply chains across the world.
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. Kachhara: Topic should be discussed mainly about best practices being following across Industries on Risk + Compliance management. I would also like to understand People aspect of managing all types of supply chain risk &Compliance.
The take away would be to understand methodology being used by most of industries to make this successful and also what is the process so as to be always updated on any regulation on real time basis.
- 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
- Cargo Safety & Security - Explore how telematics is used for combating hijackings, thefts and robberies
- Driver Safety & Security - Explore how telematics technologies can help enhance the driver safety and security by real time monitoring of driver behavior and driver fatigue
- Fleet Performance and Fuel Efficiency - The impact of telematics and fleet management technology on insurance
- 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
- Physical Security Information Management (PSIM) - An Integrated Approach to Warehouse Security for simplifying the command and control - at-a-glance snapshot of all operations, enhancing their situational awareness and increasing their ability to react to any security infringements within the warehouse environment - Witness how a PSIM platform that seamlessly brings together otherwise disparate solutions - Access Control, CCTV, RFID, Intruder detection and Fire systems.
- TELEMATICS for Cargo + Driver Safety and Security