Fwd: INARM Message - Supply Chain Risk Management

[Dave Ingram]

Begin forwarded message:

From: Dave Ingram <davei...@optonline.net>

Date: July 9, 2013 11:47:35 AM EDT

To: inarm inarm <in...@list.soa.org>

Subject: INARM Message - Supply Chain Risk Management

Here is a 100+ page report on Supply Chain Risk Management for the Pharma sector.  

http://www.pqg.org/pharma/wp-content/uploads/2011/09/PQG-Guide-to-Supply-Chain-Risk-Management-V-1-0-2010.pdf

Does anyone see something here that could be discussed in this group?

Dave

[Dave Ingram]

Begin forwarded message:

From: Neil Cantle <neil....@milliman.com>

Date: July 9, 2013 11:51:57 AM EDT

To: Dave Ingram <davei...@optonline.net>, inarm inarm <in...@list.soa.org>

Subject: RE: INARM Message - Supply Chain Risk Management

An immediate first observation is that the description itself is outmoded. Arguably there are very few "chains" left in supply - perhaps a supply network or ecosystem would be a more appropriate description. The approaches used to assess the risk seem to be quite linear, which follows the "chain" concept whereas it would make much more sense to take a "systems" approach to this and identify the tricky non-linearities in the way supply factors interact with each other, and where inherent features of the network itself mean that vulnerabilities or failures are inevitable/likely.



Neil Cantle, MA FIA MIoD ASA CERA  |   Principal and Consulting Actuary   |   neil....@milliman.com
Milliman   |   11 Old Jewry   |   London EC2R 8DU   |   UK
Tel +44 20 7847 1537   |   Fax +44 20 7847 1501   |   Mobile +44 7788 107384   |   uk.milliman.com



Milliman is a trading name of Milliman LLP. Milliman LLP is a limited liability partnership registered in England and Wales (registered number OC376134).
Registered Office 11 Old Jewry, London EC2R 8DU

-----Original Message-----
From: Dave Ingram [mailto:davei...@optonline.net]
Sent: 09 July 2013 16:48
To: inarm inarm
Subject: INARM Message - Supply Chain Risk Management

Here is a 100+ page report on Supply Chain Risk Management for the Pharma sector.

http://www.pqg.org/pharma/wp-content/uploads/2011/09/PQG-Guide-to-Supply-Chain-Risk-Management-V-1-0-2010.pdf

Does anyone see something here that could be discussed in this group?

Dave

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Milliman LLP.
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Registered in the UK with No: OC376134

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[Dave Ingram]

Begin forwarded message:

From: David Schraub <dsch...@soa.org>

Date: July 9, 2013 3:12:39 PM EDT

To: Neil Cantle <neil....@milliman.com>, Dave Ingram <davei...@optonline.net>, inarm inarm <in...@list.soa.org>

Subject: RE: INARM Message - Supply Chain Risk Management

Neil,

Can't we say that the ecosystem is more robust than the chain, as others can step up to fill any void that may arise? Or we should say the ecosystem is more risky due to traceability issues and interconnectivity that you are referring as non-linearity? The horse meat debacle in Europe may push toward the later.
You should not focus on understanding your supply chain, provide certificate of compliance to supplier following your process, as the chain may change very quickly.  You need to focus on testing your input.
Thanks
david
David Schraub - SOA staff fellow  - 847-706-3560

[Dave Ingram]

Begin forwarded message:

From: Frank Ashe <frank...@mafc.mq.edu.au>

Date: July 9, 2013 8:03:24 PM EDT

To: David Schraub <dsch...@soa.org>

Cc: Neil Cantle <neil....@milliman.com>, Dave Ingram <davei...@optonline.net>, inarm inarm <in...@list.soa.org>

Subject: Re: INARM Message - Supply Chain Risk Management

Oh goody!  A debate with meat and about meat!  :-)

But seriously, both points of Neil and David S. are valid.  Economies are like ecosystems and if we take a look at natural ecosystems then  we see both chains and webs of energy flow.  A systems approach that can identify which is operating at the moment, and recognises that the mode of operation can change quickly is needed for a proper risk assessment process.

Frank

____________________________

Frank Ashe

Associate Professor  

Applied Finance Centre     

Macquarie University

(+61) 0425 291 833

http://au.linkedin.com/in/frankashe

This communication is intended solely for the addressee and is confidential.. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. Unless indicated to the contrary: it does not constitute professional advice or opinions upon which reliance may be made by the addressee or any other party, and it should be considered to be a work in progress.

[Dave Ingram]

Begin forwarded message:

From: Stephen Britt <Stephe...@iag.com.au>

Date: July 9, 2013 8:48:49 PM EDT

To: Frank Ashe <frank...@mafc.mq.edu.au>, David Schraub <dsch...@soa.org>

Cc: Neil Cantle <neil....@milliman.com>, Dave Ingram <davei...@optonline.net>, inarm inarm <in...@list.soa.org>

Subject: RE: INARM Message - Supply Chain Risk Management

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I must say I thought the ‘Risk Maturity’ diagram on Page 11 left me cold.  If a key skill of CRO’s is to successfully influence then this table put me completely off, and I’m not gonna be influenced by much else in the report.

 

Steve.

 

 

 

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Insurance Australia Group Limited

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Neil Cantle, MA FIA MIoD ASA CERA  |   Principal and Consulting Actuary   |   neil.cantle@milliman..com

Milliman   |   11 Old Jewry   |   London EC2R 8DU   |   UK
Tel +44 20 7847 1537   |   Fax +44 20 7847 1501   |   Mobile +44 7788 107384   |   uk.milliman.com



Milliman is a trading name of Milliman LLP. Milliman LLP is a limited liability partnership registered in England and Wales (registered number OC376134).
Registered Office 11 Old Jewry, London EC2R 8DU


-----Original Message-----
From: Dave Ingram [mailto:davei...@optonline.net]
Sent: 09 July 2013 16:48
To: inarm inarm
Subject: INARM Message - Supply Chain Risk Management

Here is a 100+ page report on Supply Chain Risk Management for the Pharma sector.

http://www..pqg.org/pharma/wp-content/uploads/2011/09/PQG-Guide-to-Supply-Chain-Risk-Management-V-1-0-2010.pdf

Does anyone see something here that could be discussed in this group?

Dave

******************************************************************

This communication is intended solely for the addressee and is confidential.. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it, is prohibited and may be unlawful. Unless indicated to the contrary: it does not constitute professional advice or opinions upon which reliance may be made by the addressee or any other party, and it should be considered to be a work in progress.

Milliman LLP.
Registered Office: 11 Old Jewry, London EC2R 8DU Registered in the UK with No: OC376134

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