Risk Management in S&OP at the EyeOn Process Roundtable
Growing supply chain complexities mean that companies become ever more exposed to supply chain risks. How to take market- & company risks along in the S&OP process?
Process Industry Network members
Process Roundtable, Risk Management in S&OP
May 14th 2014
09:00 – 17:00 hour
We are looking for an exciting location somewhere
in the center of the Netherlands
In 2005 Hurricane Katrina hit the US Gulf Coast. In the aftermath of the hurricane it became clear that it had shut down 7% of the world’s ethylene production, 5% of propylene, 9% of benzene and xylene, and 12% of paraxylene. Many companies suddenly faced supply issues, including escalating prices and major shortages. (Source ICIS).
Time and time again these examples show that most companies are not well prepared to manage risk. A main reason for this is that humans by default are ill-equipped for assessing risks and risk-related probabilities. This can be overcome however by installing decent risk management procedures. Tomorrow’s successful companies will be the ones that excel at proactive risk management. But how to build risk management into your operational process?
On May 14, EyeOn will facilitate a next network meeting for planning & forecasting professionals in the process industry. During this day we will exchange experiences and best practices for Risk Management in S&OP, because you can better be prepared when the unexpected happens. The detailed agenda will be shared here in the next weeks.
For more information or participation please contact Noëlle Langenhuijzen (noelle.langenhuijzen@@eyeon.nl)