Leveraging a Tailorable Holistic Perspective of Supply Chain Risk
results that are supported by data . When the data is questionable or incomplete , the uncertainty in the findings must be clearly indicated as a part of the results .
Additionally , the 14 top-level risk areas in SoT are separate areas of risk that do not easily or usefully combine . A healthy and financially stable supplier that has great facilities , personnel , and cyber security does not offset or mitigate the risks to your organization if they consistently deliver tainted , counterfeit , or substandard goods . Results have shown that SoT assessments are best represented in a series of nested radar diagrams 1 with explanatory text that describes the evidence of risk . Figure 9-1 shows the top-level of a notional assessment result in the RMM of two suppliers or items of supply .
Top-Level Concerns Supplier / Supply A
Top-Level Concerns Supplier / Supply B
Figure 9-1 . Top-level set of supply chain security assessed risks .
As part of the assessment process , the SoT RMM capability supports capturing the information obtained to determine the absence or presence of each particular risk . Given the general lack of historical statistics for supply chain security risks SoT offers measures for the different risk factors so that a series of observations about different aspects of the risk can be substantiated or refuted . Collectively these measures can be used to convey whether the risk in question is present to a degree that requires mitigation or avoidance .
The scoring mechanisms in SoT support a running evaluation of the top-level and underlying risk categories that show the number of risks assessed out of the total in scope for the assessment . This gives a measure of the completeness of the assessment and the range of possible final scores , from lowest to highest , once the remaining risks are assessed .
1
Also referred to as kiviat charts or spider diagrams . Journal of Innovation 55