Monitoring and Mapping Strategies:

• Research your raw materials and understand how your materials are made down to the ground. For example, if you are using acetone, know that cumene may be a tier one component, but ultimately all the materials used to make acetone come from crude oil, which comes from the ground. Click here for some examples
  
• Collect supplier address data during year end pricing by product:
  • Headquarters
  • Shipping Points
  • Manufacturing Sites
  • Transportation hubs: Ports/Airports, etc...
  • Country of Origin
  • Sub-tier Supplier Address information
• Monitor using google alerts/subscriptions; document in a way to monitor trends (excel/database)
  
  • Your materials and the upstream material
    
  • Your key suppliers and the top suppliers of the upstream materials
    
  • Your transportation routes and ports
    
  • Examples of terms to monitor:
    
    • Fire/Explosions
    • Production reductions
    • Natural Disasters: Earthquakes, Storms, Floods, etc..
    • Strikes (especially port/longshoremen strikes)
• Develop analytics
  
  • Load the address information into a mapping program, such as google maps, to create a heat map. Note: some foreign address will need tweaking
    
  • Link the supplier part numbers to your products and revenue at risk
    Create location risk scores based on natural disasters
    
  • Determine which supplier products are single, sole and multi-sourced
• Create a centralized location (War Room) for the information where information can be housed
• ​http://www.rtk.net/rmp/search.php
  

Geeky Stuff

​Cool stuff to take your risk program to the next level