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1
The Fiat S.p.A.
Continuous Control Monitoring
19 June 2012
Mariapia Clemente - CIA, CCSA, Executive MBA
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…From Rear View to Prediction
Agenda
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• The Fiat CCM
• Key Concepts
• 10 steps
Pilot Project in Fiat S.p.A. - Magneti Marelli
• Project architecture
• Consolidation
• Think Different
The Fiat CCM Program - Key concepts
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• CCM is “a management monitoring function … a key component of the internal
control system…management identifies critical control points and implements
automated tests to determine if these controls are working properly…”
• It is crucial to have an integrated approach on KPI, KRI, KFI supporting different
Company owners of Internal Control and Risk Management processes
• Audit & Compliance will provide a consultancy activity by assisting the
company Senior Management and the Chief Audit Executive in defining and
managing a structured KPI/KRI system aimed to reach significant business and
risk & control objectives, based on an “early warning” system and a process
mining/re-engineering tool
• It is a monitoring activity with the purpose to improve the System of Internal
Control and Risk Management in line with the new Code of «Autodisciplina»
provision (“risk centrality” and “unique and integrated control system”).
5Magneti Marelli Meeting – xx June 2012
CAE and Senior Management: Together
Post-Alert ProceduresPost-Alert Procedures
The Fiat CCM Program in 10 steps
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Task force
Management support
Risk evaluation
Areas identification
Methodological Approach
Targets and Benchmarks
Standard report
Pilot Project
Data analysis
Source: Corporate Executive Board Company (CEB). «Key step to success».
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Pilot Project in Fiat S.p.A. - Magneti Marelli
Net revenues: 59,559 M€*
N. of Employees: 197,021
N. of Plants: 155
N. of Companies: 472
*Year 2011Includes Chrysler from June 2011
Dashboard
The Fiat CCM: Pilot and Future Project
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Analysis
Sources
Root-cause
analysis
Process
benchmarking
EXTRACTORS
ARIS PPM
MASHZONE
Process miningProcess discovery
KPI2 - Funds KPI3 – OrdertoCashKPI1 – Plant Movements
Examples: Overview per Business Lines
Magneti Marelli is an international company committed to the design and production of hi-tech systems and components for the automotive sector.
AUTOMOTIVE
LIGHTING
POWERTRAIN ELECTRONIC
SYSTEMS
SUSPENSION
SYSTEMS
EXHAUST
SYSTEMS
PLASTIC
COMPONENTS
AND MODULES
AFTERMARKET
PARTS &
SERVICES
MOTORSPORT
Examples: Overview per Corporate Functions
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Purchasing
Purchasing
CTO
CTO
Quality
Quality
HR
HR
CFO
CFO
G. Counsel
G. Counsel
CO
CO
Manifacturing
Manifacturing
BD & Sales C.
BD & Sales C.
Mkt & Comm.
Mkt & Comm.
ICT
ICT
CEO
CEO
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What if you were a pedestrian…?
There are those who look at things the way they are, and ask why... I dream of things that never were, and ask why not?Robert Francis Kennedy
A change of paradigm
«All significant breakthroughs
are break-"withs" old ways
of thinking»
Thomas Kuhn
Think Different © Apple Campaign
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Thank you for your kind attention.
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