Supply Risk Navigator is an Insights-to-Action component in the LevaData platform which enables a Business Continuity Manager to protect margins and revenue by facilitating both proactive and reactive risk monitoring, risk impact assessment, and risk mitigation and response. We refer to proactive monitoring as it pertains to the evaluation of structural risks in the supply chain, while reactive monitoring and evaluation facilitates assessment and response in the event of a crisis. The Proactive Risk Assessment module of Supply Risk Navigator handles both of these functions.
Navigating Portfolio Risk
When a user selects Proactive Risk Assessment on the left-hand navigation menu, they land on the first tab of the Proactive Risk Assessment module which is Portfolio Risk and the first sub-tab which is Product Risk.
This article is focused on navigation and understanding Portfolio Risk, which seeks to provide the Global Commodity Manager (GCM) everything needed to address portfolio risk analysis and risk mitigation actions associated with products, commodities, manufacturers, and more.
Filtering with Controls
Just below the sub-tab sub-header is an area for filtering called Controls. By clicking Controls, or on the vertical arrow in the upper right of the menu, you will expose a dropdown menu which enables multiple filtering options:
If at any point, you would like to reset all dashboards on the page to their original default state after you done drilling into a specific data set for analysis, then click the counterclockwise arrow icon at the top of the page to reset all dashboards.
The first section is a reference to assist users with what they are viewing in the dashboards below.
Risk Factors by Level
These are the rankings of risks of each type with a set frame of reference of the next four quarters.
Risk Magnitude calculations are listed in the module and are defined by distribution formulae giving an index between 0-100. When the risk calculation scores in the range defined, it is labeled as such in the dashboard.
Insufficient Data: If risk calculation does not have data to run an assessment for any given entry, then it is scored a 0. In which case, "Insufficient Data" is indicated in the Risk Column of the portfolio dashboard. Such parts and manufacturers will be identified, but listed at the bottom of the tables, thus facilitating the assessment of high-risk items only when enough data is available, while also helping users to identify which items need additional data loaded or refreshed.
Reasons for Risk
Users will frequently see these abbreviated codes in the dashboards across Proactive Risk Assessment. If at any point you forget what one of these shorthand codes mean, refer to this Reasons for Risk table at the top of the page.
Learn More About Proactive Risk Assessment
Now that you understand the controls and risk factors, please see the following articles on using each of the risk sub-tabs and the kind of analysis available on each.