The Supply Chain Risk Leadership Council is a group of companies that meet four times a year to discuss how to incorporate standardized best practices into their supply chain. Some of the companies that sit on the council are industry heavyweights, such as CISCO, GE, Boeing, Coca-Cola, Merck and FedEx.
The Supply Chain Risk Leadership Council (SCRLC) was established in 2006. Over this time period, supply chain risk has increased in visibility and importance among supply chain practitioners, business leaders, industry analysts and the media. This council anticipated the rise of supply chain risk as a new supply chain pain point.
Their mission as stated on their website http://www.scrlc.com/ is to: “Work together to create best-practice supply chain risk management standards, processes, capabilities and metrics to be adopted within our respective organizations. Leverage this best practices effort to proactively initiate consistency across industries and their related organizations / councils. Enable standardizations across industries where applicable and become “industry integrators” for the betterment of a more efficient and consistent risk management environment.”
Supply Chain Risk Management (SCRM)
Supply Chain Risk Management can be defined as the practice of managing the risk of any factor or event that can materially disrupt a supply chain whether within a single company or spread across multiple companies.
The ultimate purpose of supply chain risk management is to enable cost avoidance, customer service, and market position.
The objectives of the Supply Chain Risk Leadership Council include developing & sharing best practices for:
• supply-chain continuity planning, assessments & reporting.
• supply chain risk management analytics capabilities, tools and roadmaps.
• supply chain risk mitigation programs, models & metrics.
• crisis response capabilities & processes.
In order to accomplish this effort, many of the member organizations are embracing the ISO 28000 Family of Standards. This group of standards specifically revolves around the supply chain. ISO 28001 deals with security issues and controls in the supply chain.
They have a newsletter that anyone can subscribe to which keeps you abreast of what they are talking about.
You may ask, ‘Why do I need to know about this ongoing effort?’
If your company is a part of any of the large enterprise corporate supply chains, then, you need to keep abreast of developments with this group.
This group will be setting the standards that your organization will eventually need to follow to continue to be a trusted supplier of these organizations.
Whether you will be required to become compliant or certify to additional standards, knowing what they are and how this group is implementing them, may be your next competitive advantage.