05. Risk Management & Contracts

Level 1 Level 2 Level 3 Level 4
Limited Management Unilateral Limitation Shared Mitigation Designed-in Mitigation
  • Risks may not be explicitly identified.
  • Risk management confined to price and delivery, e.g. fixed price contracts.
  • Consequences may be not be understood.
  • Incidental to capacity requirements, fill rate commitments, NPI and other expediencies
  • Risks recognized and manipulated (and manipulation reacted to) unilaterally, i.e., Gaming, consigned inventory, over order
  • Unintended consequences require and often defy mutual reconciliation
  • Ts&Cs of levered trading partner become tacit Trading Partner Agreement
  • Risk managed across partners.
  • Accountability with the party best able to manage the risk.
  • Risk explicitly factored into pricing
  • Buffering strategies to reduce risk, invent roy, capacity upside, IP security
  • Visibility to monitor risk
  • TPA more all inclusive with operational imperatives and legal coverage
  • Design for Supply Chain
  • Partners contribute to risk reduction in design phase
  • DFSC, design re-use, common BOMS, or manufacturing postponement
  • Continuous collaborative risk management in planning and execution
  • TPA is operational guide as well as legal document for dispute reconciliation, i.e.,Proactive risk reduction techniques supersede risk limiting techniques,collaboratively design in flexibility and DFSC – to reduce risk in entire network, collaborative demand scenario planning with links to performance goals