Supply chain diagnostic brochure
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Aon has developed a global supply chain diagnostic tool to help organizations assess their supply chain risk exposures and improve resilience in the face of increasing global threats. The diagnostic provides a fast and cost-effective assessment covering various supply chain risks and offers a framework for benchmarking improvements over time. It aims to aid risk managers in making informed decisions to optimize their supply chain risk management strategies amidst complex market challenges.
Supply chain diagnostic brochure
- 1. Aon Risk Solutions National Industry Practice Groups GlobalSupplyChain Diagnostic Risk. Reinsurance. Human Resources.
- 2. 3 Global Supply Chain Diagnostic 2017 Global Supply Chain Diagnostic. . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Continual Inmprovement in Supply Chain Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Pinpointing Risk Management Strengths and Deficiencies. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Leveraging Aon’s Global Supply Chain and Industry Expertise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 A Full Range of Resources for Managing Supply Chain Risk. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Table of Contents
- 3. Aon Risk Solutions 1 Global Supply Chain Diagnostic Aon has developed a proprietary diagnostic tool to help risk leaders quickly assess their organization’s global supply chain exposures across a variety of key marketplace supply chain indicators. In the complex and dynamic global risk environment, risk managers play an increasingly vital role in helping their organizations understand, prioritize and manage critical exposures affecting their operations and supply chains. Today, along with catastrophic property risks, expanding cyber threats, terrorism, supplier insolvency, product integrity and reputational issues, businesses relying on global supply chains must navigate widening geopolitical challenges brought by rising nationalism. As business leaders, planning, finance and operations executives strive to anticipate how these developments might affect their cross-border trade relationships, effective and forward-looking supply chain risk management is critical to sound decision-making. Aon’s Supply Chain Diagnostic helps clients flag supply chain vulnerabilities and improve resiliency.
- 4. 2 Global Supply Chain Diagnostic 2017 Building on its successful Laser Diagnostics for Property and Casualty programs, Aon developed a high-level supply chain diagnostic tool to provide clients with an objective and standardized assessment to help drive continual improvement in their supply chain risk management. Why Take the Survey? Whether your firm is fully engaged in managing risks related to its supply chain or is only beginning the process of evaluating these exposures, taking the survey and reviewing the diagnostic will help your firm strengthen its overall supply chain risk management. The diagnostic gives you a fast, easy and cost- effective assessment on how effectively your firm is dealing with a wide range of potential supply chain exposures. The assessment is based on a brief survey covering more than a dozen different elements of supply chain risk. Many of the exposures apply to all types of businesses, but some may have acute effects on companies in specific industries or with trading partners in certain areas of the world. Examining Supplier and Enterprise Risks The diagnostic encompasses a wide range of exposures that relate specifically to suppliers as well as enterprise risks that could represent specific supply chain vulnerabilities. Among the supplier risks are disruptions in supplies of raw materials or components resulting from a wide range of causes, as well as natural disaster risks, supplier insolvency, product integrity and unethical supplier practices. The enterprise risks assessed in the diagnostic include geopolitical events, legal and regulatory issues, intellectual property theft, cyber-related exposures, pandemic and customer financial issues. While not intended as an exhaustive review, Aon’s Supply Chain Diagnostic provides an objective assessment to help identify specific areas of relative strength in risk management and inform the client on aspects of their supply chain risk program that might be targeted for improvement. Further, the diagnostic may be especially useful for businesses operating in a dynamic environment where changes to supply chains may be needed or contemplated. In these situations, assessments of potential exposures and related management or mitigation measures often must be conducted quickly and efficiently. Given the pressures for risk managers to provide informed and timely perspectives on a spectrum of risks to facilitate informed strategic decision-making, the supply chain diagnostic review underpins Aon’s commitment to help clients optimize total cost of risk (TCOR) in meeting their critical business objectives for growth and performance. Continual Improvement in Supply Chain Risk Management
- 5. Aon Risk Solutions 3 Pinpointing Risk Management Strengths and Deficiencies The Aon Supply Chain Diagnostic report includes a Best Practices Dashboard that identifies key components of the major categories evaluated. Diagnostic findings are conveyed in a “stoplight” approach. The green, yellow, and red color indicators provide a quick-reference visual key to delineate areas where a specific issue or exposure may or may not warrant further scrutiny: The results provide a framework for clients to benchmark improvements and changes in elements of their supply chain risk management over time against their own historical performance, as well as with Aon’s proprietary peer data and generally accepted insurance industry information. To add context to the findings, the Aon Supply Chain team together with an Aon Industry Practice specialist and your Aon account representative will bring their individual perspectives on current situational marketplace realities that might be especially relevant to a client’s operations and supply chain risk profile. Indicates maturity in the firm’s assessment Indicates a potential deficiency in a firm’s measures to manage a specific exposure Indicates a potential vulnerability to loss Lacking information to respond A framework for clients to benchmark improvements and changes in elements of their supply chain risk management over time against their own historical performance.
- 6. 4 Global Supply Chain Diagnostic 2017 Leveraging Aon’s Global Supply Chain and Industry Expertise The initial assessment of a client’s supply chain resiliency and risk management is provided through the integration of informed supply chain risk management strategies derived from industry-specific best practices, as well as the expertise of Aon’s Supply Chain team. The results from the diagnostic provide a framework for clients to benchmark improvements and changes in elements of their supply chain risk management over time against their own historical performance, as well as with Aon’s proprietary peer data and generally accepted insurance industry information. A Full Range of Resources for Managing Supply Chain Risk Aon’s Supply Chain Risk Diagnostic is the latest innovation in a full range of tools and resources we provide to help clients in all parts of the world assess and manage global supply chain risk. Leveraging Aon’s global capabilities, our approach to supply chain risk combines risk transfer strategies with supply chain risk consulting and evaluation expertise to identify and address gaps and exposures in your supply chain program. Through our iterative supply chain gap analysis approach, clients can better identify, prepare for and mitigate risks. We also recognize that along with effective planning and preparation, a timely response to any supply chain outage is critical to our clients’ success. When and wherever needed, Aon’s global claims services can help clients respond rapidly to supply chain disruptions and obtain timely insurance recoveries to help minimize operational impacts and mitigate related financial consequences. A timely response to any supply chain outage is critical to our client’s success.
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- 8. Contacts Mike Stankard Industry Practice Leader Aon Risk Solutions +1.248.936.5353 [email protected] Devin Derstine Director, Americas Region Aon Global Risk Consulting +1.212.441.2060 [email protected] Mike Manzo Director, Claims Prep, Advocacy and Valuations Aon Global Risk Consulting 1.214.989.2133 [email protected] Roger Schwartz National Practice Leader, Political Risk Aon Risk Solutions +1.212.441.1125 [email protected] John Murbach Managing Director, Property Aon Risk Solutions +1.312.381.4303 [email protected] To learn more visit aon.com/supplychaindiagnostic About Aon Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsur- ance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com. © Aon plc 2017. All rights reserved. The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate profes- sional advice after a thorough examination of the particular situation. Connect with us on twitter @Aon_Transport and visit aon.com/transportation Risk. Reinsurance. Human Resources.