CHAPTER 16: Risk and Sustainability McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Overview of supply chain risk and sustainability • Evolving responsibilities of supply chain professionals • Processes and resources • Risk and security management • Sustainability 16-2 Supply chain risks have increased to support business strategies • Balanced scorecards had expanded supply chain performance measures to include return on assets and revenue • New production introductions amount to 25% of all item volume shipped each year • Sustainability of business operations is critical and led to more long-term focus in strategy development 16-3 Evolving Responsibilities of Supply Chain Professionals Functions Procurement Manufacturing Logistics Figure 16.1 – Evolving Responsibilities of Supply Chain Professionals 16-4 Evolving Responsibilities of Supply Chain Professionals Functions Procurement Process and Resources Manufacturing Logistics Figure 16.2 – Evolving Responsibilities of Supply Chain Professionals 16-5 Evolving Responsibilities of Supply Chain Professionals Functions Procurement Manufacturing Process and Resources Risk and Security Logistics Figure 16.3 – Evolving Responsibilities of Supply Chain Professionals 16-6 Evolving Responsibilities of Supply Chain Professionals Functions Procurement Manufacturing Process and Resources Risk and Security Sustainability Logistics Figure 16.4 – Evolving Responsibilities of Supply Chain Professionals 16-7 Processes and resources • Product complexity • Outsourcing 16-8 Product complexity is the number of product design variations a firm offers and supports • Increased complexity results in higher supply chain cost – More inventory, fewer economies of scale and more management attention • Increase complexity often results in increased revenue – May improve profitability and asset utilization • Less complexity (aka more commonality) reduces supply chain costs – E.g. Toyota has only two variants for auto door latches while competitors have over 10 • Reduced product variations may lower sales – Firm’s offerings are less attractive with fewer features or characteristics 16-9 Variation typically results in higher supply chain costs, but more choice for customers Table 16.1 Benefits of Low Complexity Table 16.2 Characteristics of High Complexity 16-10 How do we balance complexity with profit? Over what time period? Figure 16.5 Complexity and Profitability 16-11 Table 16.2 – Measureable benefits from use of 3PLs BENEFIT CHANGE Logistics cost reduction 15% Logistics fixed asset reduction 25% Inventory cost reduction 11% Average order cycle length Reduced from 17 to 12 days Average order fill rate Increased from 73 to 81 percent Average order accuracy Increased from 83 to 85 percent 16-12 Figure 16.4 – Types of services outsourced to logistics integrators Outsourced Logistics Service Domestic transportation International transportation Warehousing Customs brokerage Forwarding Cross-docking Product labeling, packaging, assembly, kitting Reverse logistics (Defective, repair, return) Transportation planning and management Freight bill auditing and payment Information technology (IT) services Supply chain consultancy services provided by 3PL Order entry, processing, and fulfillment Fleet management Customer service Lead logistics provider/4th party logistics services Percent of Respondents Outsourcing 83 75 74 58 53 38 36 35 31 28 20 18 16 15 13 13 16-13 Outsourcing is a risk management technique • Use of third-party logistics (3PL) firms or logistics integrators to provide services on a contractual basis – 3PL providers offer integrated transportation and warehousing services – Integrated service providers • Solicit and coordinate logistics services • Provide resource management expertise • Shift risk of a supply chain activity to an outsourcing partner with expertise • Pooling capacity across clients results in a lower risk of not being able to meet customer demands in a surge 16-14 Regulations can promote or constrain supply chain activities • Promote activity – Encourage certain work in a specific country/region by providing financial or tax incentives • Constrain activity – Limit types of activities that can be done in a country/region to reduce impacts • Some examples – Environmental – Financial and taxation 16-15 Risk and security management • Regulation • Financial and taxation • Security 16-16 Environmental regulation supporting green initiatives has increased • Green initiatives include regulations and activities to directly reduce the supply chain’s impact on the environment • Examples – Federal government mandate to reduce harmful vehicle emissions – WalMart effort with suppliers to reduce packaging waste – Dow Chemical redesign of supply chain to reduce environmental impact 16-17 Recycling initiatives are experiencing renewed growth • Numerous US states encourage container returns by requiring deposits for consumer beverage containers • Wastes of Electric and Electronic Equipment (WEEE) legislation passed in European Union • How active should a firm be in promoting recycling initiatives through public policy? • Who should design the reverse logistics systems? – Public policy and legislators? – Private enterprise? – Requires recycling of electronic waste 16-18 Financial and taxation incentives are increasingly important in supply chain design • Property taxes – Tax holiday waives taxes on property, equipment and/or inventory for a defined period or permanently • Income taxes – Countries with lower corporate tax rates are more attractive • Value-added taxes (VAT) – Taxes only the value added to a product while in that country – E.g. Ireland VAT reduction for electronics and pharmaceutical industries 16-19 Tax aligned supply chain (TASC) • TASC aims to help firms achieve a favorable worldwide tax rate • Two supply chain strategies are common – Central entrepreneur strategy • Centralize key functions and risks in a low-tax country – Incremental strategy • Consider tax implications of each supply chain change • Probable duration of tax incentives must be carefully evaluated 16-20 Security of supply chains is more critical with global operations • Developing a secure supply chain • Rationale for supply chain protection • Cross-border operations 16-21 Developing a secure supply chain • Supply chain security is – the application of policies, procedures, and technology – to protect assets, product, facilities, equipment, information and personnel – from theft, damage, or terrorism – and to prevent the introduction to the supply chain of unauthorized contraband, people, or weapons of mass destruction 16-22 Supply chains need to be secure and resilient • Resiliency is the ability of the supply chain to withstand and recover form an incident • Resilient supply chains – Are proactive in anticipating and establishing steps to prevent and respond to security incidents – Can quickly rebuild or reestablish alternative means of operations when they experience a security incident 16-23 Rationale for supply chain protection • Proactively enhance supply chain resiliency against terrorism • Consequences of supply chain security failures – Terrorist attack causes widespread disruption to customer delivery capabilities – Reduced brand equity if customers believe attack was due to neglect – Loss of revenue leads to loss of investor confidence and sale of stock – Disruption could increase regulatory scrutiny – Terrorist attack could result in significant legal liability 16-24 Enhancing security is driven by two key factors • Brand protection is the primary reason – Fear product contamination will damage customer perceptions – Firms now require greater security from their suppliers with initiatives such as quality certification programs, audits, the Customs-Trade Partnership Against Terrorism (C-TPAT) • Government pressure is another factor – Bioterrorism Act of 2002 • Firms engaged in food processing must be able to trace raw materials and finished goods one step up and one step down the supply chain – “Country of origin labeling” (COOL) guidelines have been developed for some agricultural and food products 16-25 The security framework identifies 10 core competencies that firms must develop Table 16.5 Supply Chain Security Competency Definitions 16-26 Table 16.6 Examples of Security Best Practices Competency Process Strategy Process Management Infrastructure Management Communication Management Management Technology Corporate Example Senior management believes that supply chain security is critical for consumer and brand protection Firm has cross-functional representation on senior level security crisis management team Management support for security consciousness is indoctrinated through ongoing training Defined procedures to complete product recalls Standardized procedures to control receipt and shipment of product Applies Hazard Analysis and Critical Control Point (HACCP) system Application of gates, locks, access controls, and guards to restrict access to sensitive areas Application of monitoring equipment to detect unauthorized activity Controls for non-employees to limit access to facilities and operations Incorporates modules on preventing contamination/security incidents into employee training Establishes defined communication protocols in case of a contamination/security incident Established defined reporting protocols in case of a contamination/security incident Able to quickly share information with employees in case of a contamination/security incident Secure information systems Ability to track transactions by origin, destination, date, description, and route 16-27 Table 16.6 (cont.) Examples of Security Best Practices Competency Process Technology Metrics Relationship Management/Service Provider Collaboration Management Public Interface Mgmt Corporate Example Ability to track and trace commodities and products up and down one stage in the supply chain Ability to track salvage and returned products Transportation assets are sealed while not under control of the firm Measures to track and monitor vulnerable areas (e.g., products, facilities, supply base) Supply chain security metrics are based on a combination of internal, industry, and government guidelines Applies external audits (as opposed to self-audits) to verify security procedures Maintains a database of emergency contact information for service providers Requires service providers to use government or industry security guidelines Complies with government-required record keeping regulations regarding threats and incidents Establishes communication strategy for providing information regarding contamination/security incidents to appropriate government/public agencies 16-28 Security competencies • Security competencies are created through development of security capabilities such as – – – – • Examples of how firms are applying security competencies are listed in Table 16.6 Infrastructure Processes Assets Resources 16-29 Cross-border operations require firms to • Refine internal processes – Self-appraisal of security and contingency planning – Develop crisis management plans using cross-functional teams • Refine governmental relationships – Notion of “trusted partner” must develop on a global platform – Which countries are secure? • Refine collaborative relationships with partners – Trusted partner status of firm and country – Requires demonstration of trust to secure product when in partners control 16-30 Governments promote economic growth through international trade • Governments are responsible for – Facilitating the movement of people and goods across borders – Safety of people, commerce and country • Traditional focus of government agencies has been control of trade • Contemporary focus is shifting to trade facilitation and securing supply chain operations with trusted partner countries 16-31 Customs-Trade Partnership Against Terrorism (C-TPAT) • Certify known shippers through selfappraisals of security procedures coupled with customs audits and verifications • For a more detailed discussion regarding C-TPAT visit http://cbp.gov/xp/cgov/trade/cargo_securit y/ctpat/what_ctpat/ 16-32 Container Security Initiative (CSI) • Pre-screening of containers coupled with fast tracking when cargo reaches the U.S. • A more detailed description of the CSI can be found by visiting http://www.cbp.gov/xp/cgov/trade/cargo_secur ity/csi 16-33 US government security initiatives impacting ocean, air, rail or truck cargo • Advanced Manifest Rule (AMR) – Requires detailed cargo data before shipping to or from the U.S. • Examples of how AMR has influenced border operations – http://www.cbp.gov/xp/CustomsToday/2004/March/Other/rules_cargose curity.xml • Advanced Cargo Information (ACI) – Requires more detailed information prior to acceptance into U.S. • Free and Secure Trade (FAST) – Allows low-risk goods transported by trusted carriers for trusted firms to pass rapidly through border crossings • For a more detailed discussion, visit http://www.cbp.gov/xp/cgov/trade/cargo_security/ctpat/fast/ 16-34 Global organizations are also working on security initiatives • International Organization for Standardization (ISO) and Strategic Council on Security Technology – Smart and Secure Tradelanes (SST) initiative • Technology platform to track containers globally and generate chain-of-custody audit trails • World Customs Organization (WCO) – 161 member countries involved in the Global Standards for Supply Chain Security Initiative • World Trade Organization (WTO) – Seeks to facilitate trade moving controls and inspection to the export stage – For more information on this industry driven initiative select the URL link » http://www.scst.info 16-35 Resource availability is a substantial risk for global supply chain operations • Changes in availability of resources dramatically changes supply chain design and operations • Key resources include – Supply chain expertise – Transport capability • Outsourcing is one method of managing this risk 16-36 Figure 16.6 Dimensions of Sustainability Economic Ethics Offsets Free Trade Substitutes Wages & Benefits Lean Collaboration Energy Financial Taxation Geo-Politics SUSTAINABILITY Risk Security Waste Life Cycle Conservation Environment Elimination Social Responsibility Technology Usage Communication Cultural Awareness Global Knowledge Talent Development Education Source: David J. Closs, Cheri Speier, Nathan Meacham. “Sustainability to support end-to-end value chains: the role of supply chain management.” Journal of the Academy of Marketing Science 39:1 (February 2011). Pg. 103. 16-37 Environmental sustainability initiative examples Environmental Conservation Usage Reduction Business Practices Energy Waste / Recycling Packaging Water Green House Gasses Facility Construction Nature End of Life Management Sustainable Sourcing 16-38 Ethical Sustainability Initiative Examples Ethics Employee Relations Community Involvement Business Practices Code of Conduct Avoiding Child/Forced Labor Product Safety Volunteerism Disaster Relief Responsible Marketing Reducing Hunger, Poverty, and Disease Product Traceability 16-39 Education sustainability initiative examples Education Employee Relations Community Involvement Business Practices Talent Development Workplace Safety Community Outreach Supplier Training Diversity & Inclusion Flexible Hours Sustainable Workforce Business Continuity Training Healthy Lifestyle 16-40 Economic sustainability initiatives examples Economic Internal Management External Management Modal Shift Supplier Management Transportation Optimization Market Generation Continuous Improvement Fuel Conservation 16-41 Supply chain sustainability examples • • • • • Supply chain talent management Experience and credibility Changes in fuel prices Environmental regulation Sustaining the global supply chain 16-42 A profile of a supply chain executive • Evaluate and make tradeoffs between supply chain functions, other functions and external organizations • Develop and implement integrated and comprehensive supply chain solutions • Share knowledge and experience to help business partners in their supply chain efforts • Analyze the overall business performance to facilitate sustainable competitive advantage 16-43 Supply chain expertise is particularly important in two areas • Cross-functional expertise regarding breadth of supply chain functionality – Customer accommodation, procurement, logistics, and manufacturing • Broad and deep expertise in global requirements and individual country operations • Development and retention of supply chain executives is one method to manage this risk – Provide potential executives with opportunities and guidance to develop job skills that will lead to success 16-44 Supply chain management executives must have skills and capabilities in these areas • Functional – Procurement, transportation, demand/supply planning, inventory, manufacturing, global operations and customer fulfillment • Technical – Ability to apply information technology solutions effectively • Leadership – Lead projects in complex, matrixed business environments – Communication, negotiation, problem solving, team leadership and project management 16-45 Supply chain management executives must have skills and capabilities in these areas • Global management – Global planning and operations experience – Experience working outside of home country • Experience and credibility – Ability to evaluate the competitive environment, conceptualize strategy, assess solutions, and implement change 16-46 Traditional Supply Chain Career Path: Functional Depth Executive Level Senior Level Advisory Level ISC Staff Level Demand/Supply Planning ISC Entry Level Procurement Manufacturing Global Logistics Fulfillment Traditional Career Paths 16-47 A range of learning opportunities is needed to develop today’s supply chain professional SCM Consulting Level SCM Senior Level SCM Advisory Level N/A ISC Staff Level N/A ISC Entry Level Demand/Supply Planning Procurement Manufacturing Global Logistics Traditional Career Paths Fulfillment Supply Chain Management Sample SCM Career Paths Figure 16.7 Cross-functional supply chain career paths 16-48 SCM job titles and associated criteria “ADVISORY” LEVEL Career Level Advisory Supply Chain Management Professional Advisory & Senior level SCM categorization completed by employee’s manager Experience Typically 7-8 years Criteria - Advisory Supply Chain Management Professional - Manager Senior Supply Chain Management Professional - Typically 10-13 years - - “SENIOR” LEVEL Senior Supply Chain Management Professional - Manager - Consulting level SCM categorization completed via SCM application & Review Board process Experience in at least two supply chain functional disciplines Direct working experience or supply chain related working knowledge of S&D, IGS/BCS, brands, etc. within IBM or similar experience outside IBM Demonstrate proficiency in applicable skills as defined in the SCM skills proficiency guidelines. Prove business contribution (operations and/or significant benefit from transformation reflected by key business measurements) Active membership in a relevant professional association Experience in at least three different supply chain functional disciplines, including one role that spans several processes (such as a job in strategy, business development, transformation, etc.) Demonstrate higher proficiency in applicable skills than advisory level Ability to provide supply chain management consulting (internal or external) Client engagement experience Multi-country experience and/or global impact Recognized resource of supply chain expertise Contribute to IBM’s intellectual capital Ability to build organizational capability (e.g. recruiting, mentoring, training) Proven field knowledge (by completing course work, studying industry journals or attending conferences) Participate in Profession sponsored activities in IBM Active membership in relevant professional associations Experience in at least three different supply chain functional disciplines, including two roles that span several processes (such as a job in strategy, business development, transformation, etc.) Experience in supply chain solutions including software and services Demonstrate higher proficiency in applicable skills than senior level Ability to provide supply chain management consulting (internal or external) Recognized for business impact at the senior executive level (significant contribution in operations and/or transformation reflected by key business measurements) Significant client engagement experience Demonstrate knowledge (e.g. advanced degree, case study, passed exams, external certification) External professional contribution (e.g. publication, patent, conference presentation, leadership position in relevant professional association) Active membership in relevant professional associations Consulting Supply Chain Management Professional Consulting Supply Chain Management Professional - Manager Typically 12-16 years - “CONSULTING” LEVEL - 16-49 Transport capability is impacted by the volatility of fuel prices • Diesel fuel represents 30% of overall transportation cost Figure 17.6 U.S. Diesel Fuel Prices Since 1994 (in USD per gallon) – Dramatic shifts in fuel costs require regular assessments of network structure and strategy • Fuel price volatility has two impacts on supply chain decisions – Influences the viability and flow of global trade – May change domestic logistics network U.S. DIESEL FUEL PRICES SINCE 1999 (in USD per gallon) (Source: U.S. Department of Energy) 16-50 Illustration of how doubling the fuel price changes the least-total-cost network from 7 to 10 centers Figure 16.9 Optimal Number of Distribution Centers by Fuel Prices 16-51 Supply Chain Dynamics are Changing • Firms looking for more balance between scale and reliability. • Infrastructure congestion is becoming increasingly problematic. • Increased energy cost will shift supply chain mode selection and design. • Increasing importance of being able to quantify the value proposition related to supply chain changes. 16-52 Changing Dynamics of Supply Chain Design $/unit Cost of transport A Decentralized Economies of Scale Centralized 16-53 Changing Dynamics of Supply Chain Design Result of increased fuel cost $/unit Cost of transport B A Decentralized Centralized Economies of Scale 16-54 Figure 16.10 Changing Dynamics of Supply Chain Design Result of increase risk Result of increased fuel cost $/unit Cost of transport C B A Decentralized Centralized Economies of Scale 16-55