Arcelormittal Dofasco Logistics and Supply Chain Management
Essay by ebin360 • March 31, 2019 • Case Study • 433 Words (2 Pages) • 713 Views
Essay Preview: Arcelormittal Dofasco Logistics and Supply Chain Management
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LOGISTICS AND SUPPLY CHAIN MANAGEMENT (SCM1)
Lawrence Kinlin School of Business
RISK ASSESSMENT
CASE STUDY – PART ‘B’
Course Code: MGMT 6083
Professor: Chris Dell
Group Team Members: Sunil Kuma (0869861)
Jaynish Vyas (0869552)
Ebin Antony (0857503)
Himeshkumar Desai (0851624)
Case Study: B
Date: March 18th, 2019
COMPANY PROFILE:
ArcelorMittal Dofasco plays a key role in North America’s advanced manufacturing supply chain working with the top automotive, energy, packaging and construction brands to develop lighter, stronger and more sustainable products – from cans to cars.
Founded: 1912
Location: Hamilton
Capacity: 4.5 million net tons of high-quality flat carbon steel annually.
Employees: Approximately 5,000
Website: https://dofasco.arcelormittal.com
Facebook: https://www.facebook.com/arcelormittaldofasco/
Annual Report: EBITDA - $ 8.4 Billion, Net Debt - $10.1 Billion.
https://corporate.arcelormittal.com/~/media/Files/A/ArcelorMittal/investors/annual-reports/2018/Annual%20Report%202018%20-%20Document.pdf
RISKS IDENTIFIED:
Risk | Details |
Environmental Pollution | Wastage from chemical resources, chemical and steel waste. |
Radiation | Ionization and X-rays used in various processes results in radioactivity. |
Demand variation | Demand varies according to the price, market. Alternatives to steel. |
Government regulations | Ever changing government policies and regulations affect the industry. |
Tariff wars | Competitors can reduce price which can lead to a price war and market destabilization. |
Price of Raw materials | Price of raw materials can increase. |
Security Risk | Data breaches, usage of outdated technologies. |
Merger and Acquisition risk | Constant mergers can lead to instability and the costs involved with mergers. |
Psychological Risk | Work pressure, Bullying and harassment of employees. |
Conflicts | Conflicts inside management, Conflicts with other employees. |
RISK REGISTER:
No | Risk Event | Owner | Likelihood | Impact | Score | Improvement Action |
1 | Environmental Pollution | HS | 3 | 4 | 12 | Stricter Environment policies, Investment in cleaner practises. |
2 | Radiation | HS | 1 | 5 | 5 | Installation of Radiation blocking metal plates and radioactive suits. |
3 | Demand variation | AM | 3 | 4 | 12 | Market Study and finding new category of products. |
4 | Government regulations | BA | 2 | 4 | 8 | Comply with the government rules and regulations. |
5 | Tariff wars | JDP | 4 | 5 | 20 | Maximise efficiency and output, thereby reducing input cost. |
6 | Price of Raw materials | GVP | 4 | 5 | 20 | Securing raw materials from the safest and cheapest source possible. |
7 | Security Risk | BW | 1 | 5 | 5 | Strengthen the security measures, firewalls, enhance Intranet security. |
8 | Merger and Acquisition risk | BA | 1 | 4 | 4 | Studies to determine whether the mergers are financially viable. |
9 | Psychological Risk | HS | 4 | 3 | 12 | Counselling, Increase basic pay, more leisure activities and stricter harassment policies |
10 | Conflicts | SC | 4 | 2 | 8 | Conflicts handling committee |
# Risk owners are the people responsible in case of any event happening and it’s reporting and control.
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