IISCM

IISCM

IISCM is a leader in Supply Chain Consulting, Certifications and Executive Development Programs. IISCM is a unit of Fhyzics Business Consultants Private Limited - an Authorized Channel Partner (ACP) of APICS, USA [Part of the Association for Supply Chain Management, ASCM Network]. Fhyzics offers end-to-end support for Certified Supply Chain Professional (CSCP), Certified in Production and Inventory Management (CPIM) and Certified in Logistics, Transportation and Distribution (CLTD) certifications of APICS, USA. For more details, please visit www.IISCM.org or speak to our consultants at +91-900-305-9000.... Show More
July 9, 2019 1 min

Risk creates an uncertainty in achieving the objectives of supply chain. Risk may or may not happen and is a combination of events and consequences. The falling of a 2 kg bolt from a truss is an event and it hits an equipment on the ground is a consequence. So, the same event may give rise to different consequences and severity of the risk may change from no-effect or near miss to fatal accidents. ISO:31000:2018 provides terminologies, principles and framework for risk management in organisations. Though ISO:31000:2018 is general in nature, it can be well adopted to manage risk in your supply chain.Do you think your supply chain as a whole or parts of it need risk management? https://www.iso.org/files/live/sites/isoorg/files/store/en/PUB100426.pdfFor more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].

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