Supply Chain Risk Management Standard Released
ASIS International has released a new standard to help organizations address operational risks in their supply chains, including risks to tangible and intangible assets. ASIS is an ANSI accredited standards developer.
Created by a global, cross-disciplinary technical team and in partnership with the ASIS Supply Chain Security Council, Supply Chain Risk Management: A Compilation of Best Practices Standard (SCRM) will serve as a practitioner’s guide to SCRM and associated processes for the management of risks within the organization and its end-to-end supply chain. This guidance standard is a compilation of current best practices. It presents a generic approach to risk and resilience management that is applicable to all types of risk and all types of organizations.
Supply chain risk management is vital for organizations that rely on extended operations, both internal and external, for their success. It involves the assessment and control of risk events at all points in an end-to-end supply chain, from sources of raw materials to end use by customers and consumers.
“In today’s global economy, all organizations have critical dependencies and interdependencies. Therefore, to build a resilient organization it is essential to understand the organization’s supply chain and how risks within the organization and its supply chain impact the achievement of objectives,” says Dr. Marc H. Siegel, commissioner of the ASIS Global Standards Initiative. “This is the first standard to provide practical guidance, based on the experiences of both large and small organizations, about managing risks in their supply chain to increase their resilience capacity and create value.”
The SCRM Standard will help practitioners anticipate, prevent, protect, mitigate, manage, respond, and recover from potentially undesirable and disruptive events, as well as identify opportunities. However, the best strategy for addressing risk events will be determined by the organization’s context of operations, its risk appetite, and results of risk assessments. Adoption of this standard should build on rather than supplant existing specialized risk programs.
ASIS members receive one free download of the standard. For more information, visit the Society’s Web site, www.asisonline.org. Additionally, a session about the standard will take place at the ASIS 60th Annual Seminar and Exhibits in Atlanta, September 29-October 2. Attendees can learn more about the standard on Tuesday, September 30, from 11 a.m. to 12 p.m.
JOIN US!
ASIS International is offering a discounted membership price for security professionals and others interested in joining the Society until September 30. The special rate is $117.50 ($97.50 member dues and a $20 application fee). Membership will be effective through December 31.
New members will also receive a free subscription to all ASIS-produced webinars through December 31 (except those with restricted access).
This special rate also applies to former members who have been absent for one year or more.
For more information, visit www.asisonline.org.
ASIS/ASW CONFERENCE IN BERLIN ANNOUNCED
ASIS International and ASW, the German Federation for Corporate Security, will organize a joint full-day event on November 26 in Berlin. The forum will focus on the security challenges of globalization. Volker Wagner, president of ASW and chair of the ASIS Convergence Subcommittee, will lead the event, which aims to bring together key decision makers in corporate security and law enforcement from Germany, Europe, and beyond.
For more information, contact the ASIS International European Bureau at [email protected].
