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September 2018
SUPPLY CHAIN RISK
MANAGEMENT:
Get ahead of the legal and
reputational issues caused
by poor suppliers
www.redflaggroup.com
Scott Lane
CEO and Chairman
The Red Flag Group®
Rich Hoffecker
Product Director of Supplier Integrity
The Red Flag Group®
▪ About The Red Flag Group®
The Red Flag Group® is business intelligence and technology firm that helps clients make better decisions by selecting better business partners, employees, suppliers and customers.
Presenters
www.redflaggroup.com
1 Evolving Supply Chain Integrity Risk
2 Foundation of a Successful Programme
3 Maturing Your Integrity Risk Programme
4 Tactical Programme Tools
5 Q & A
Agenda
www.redflaggroup.com
Focus of integrity assessments within the supply chain are evolving
Traditional – looked an awful lot like channel
sales due diligence (ABAC AML risk focused)
Current – Shifting focus on data security/privacy
and CSR concerns
Future – Deeper and ongoing assessments
across the risk spectrum
www.redflaggroup.com
Why the change?
Drivers for an ethical supply chain:
Regulation Brand reputationConsumer value
alignment
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Why develop
an integrity
programme?
Business intelligence on your suppliers…
…letting you make better decisions!
Today it is just good business!
www.redflaggroup.com
Suppliers can hurt business
Bad press IS bad
press! Even if
absolved…
Apple / Foxconn Worker safety, 2016
Lumber LiquidatorsProduct safety, 2015
UNIQLO (clothing)
Labour rights violations, 2016
CostoCoModern day
slavery lawsuit,
2015
www.redflaggroup.com
Poll Question
Environment &
Sustainability
Human Rights Issues
A
B
What risk areas are most top of mind for your current supply chain?
Antitrust & Corruption
Data Privacy &
Cyber Security
C
D
www.redflaggroup.com
Supply Chain
Integrity• Change Management
• Key Influencer
• Integrity SME
• Change Promoter
• Systems and Process Owner
• Supply Chain SME
Compliance
Board
Procurement
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Poll Question
Yes
No
A
B
Does your organisation require supply chain partners to agree to a supplier code of conduct?
UnsureC
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Starting points for a successful programme
▪ Partnership between Compliance and Procurement
▪ Establish integrity standards
▪ Develop a supply chain risk profile
▪ Rank identified risks
▪ Segment suppliers by risks
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Allocation of resources by risk tiers
MEDIUM
LOW
HIGH
Budget
People
Time
RES
OU
RC
ES
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Tactical assessment tools
Risk scoring model
Business intelligence (integrity screening, questionnaires, human
researched due diligence reports)
Audits and inspections
Ongoing monitoring
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Supply Chain Integrity Technology
Program
Automation
Data and
Analytics
Artificial
Intelligence
www.redflaggroup.comwww.redflaggroup.com
Please select any topics that you would like us to
provide more information on.
Supplier Onboarding Platform
Reporting Hotline
A
B
Supplier Screening
C
Advisory Services
D
E
Audits and Investigations
Poll Question
www.redflaggroup.com
RedConnect Series October 2018:
▪ Copenhagen – 9th of October
▪ Amsterdam – 11th of October
▪ Munich – 22nd of October
▪ London – 25th of October
Reserve your seat today!
www.redflaggroup.com/redconnect-europe
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