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Supply Chain Risk Management

An integrated service to manage Supply Chain Risk

Managing Supply Chain integrity is about acknowledging the connections from threat through to interruption. To properly do this, companies have to develop an integrated approach covering identification, quantification, mitigation, financing and acceptance of supply chain risk.

At JLT we have long been aware that traditional supply chain risk solutions have failed to properly help companies deliver robust supply chain risk management. That is why we have developed SCIMITARTM - Supply Chains: an Integrated Model for the Identification, Treatment and Acceptance of Risk.

SCIMITARTM is an innovative, integrated approach to supply chain risk assessment. It offers a flexible, modular methodology allowing you to pick and choose to adapt the service to your precise needs and to bridge the current gap between enterprise risk management and risk management at an individual product or site level.

A Modular approach

Supply Chain Diagram - SCIMITAR

There are four key components to SCIMITARTM

  • SCAIRTM (Supply Chain Analysis of Interruption Risk) - a specialist, yet simple software tool, available with or without risk consulting services. Facilitates a structured approach to understanding and evaluating supply chain risks. 
  • Business Continuity Management - an efficient risk consulting service to assist your company in implementing a robust and tested programme for responding to business disruption. Delivers an effective approach that focuses in on the value drivers of your business. 
  • Contractual Risk Management - specialist legal guidance on best practices in the allocation of risk and responsibility in third party contracts. Ensures that contract negotiations are undertaken with a proper understanding of the risk issues.
  • Non-Damage Business Interruption Insurance - a unique insurance product designed to complement traditional business interruption protection. Provides coverage for those areas where significant claims have been experienced, but for which insurance has up until now been unavailable. 

More Info

No matter where your organisation is at in the risk assessment cycle, SCIMITARTM can provide proven, measurable results. 

JLT Contact Details

Tim Cracknell

Partner
Jardine Lloyd Thompson Limited
6 Crutched Friars
London, EC3N 2PH
[T]: 020 7558 3941

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Spotlight


A four pronged approach to supply chain risk management can improve resilience and the value of the insurance programme says Jim Carruthers Partner in our Life Science Team in the December 2008 issue of StrategicRisk

 



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