Value Map - Supply Chain Activity

In the Value Map Activity, participants get out of their chairs and work with world and regional maps to create visual diagrams of their value chain. After marking business partners and other sites, the bigger picture of risk begins to appear, and the team gains the visibility to identify hidden dependencies, unseen vulnerabilities, and potential risks. A site with a thoroughly detailed Value Map is equipped with the visibility not only to address threats, but also to enhance operations.

How does the Value Map Activity work?

Using oversized world and regional maps, stickers and markers, the team is able to demarcate and visualize the flow of materials, services, information, and products among its internal entities, business partners, customers, and suppliers. In doing so, it becomes easy to identify unforeseen single-points-of-failure, vulnerabilities, choke-points, and systemic concerns. The map paves the way to inspect risk visibility to analyze dependencies that lie farther along the value chain. The removable stickers are designed to be easily moved around to help participants visualize what would happen if one of their sites, a particular region, or an entire organization experienced a disruption. At this point, participants can determine which proactive steps can be taken to mitigate any negative consequences.

Benefits of the Value Map Activity

• Engages participants to stimulate an understanding of supply chain concepts.
• Provides a clear visual of internal and external dependencies.
• Provides input for Risk Assessment, Business Impact Analysis, and Supply Chain Assessment.
• Identifies weaknesses, vulnerabilities, and single-points-of-failure (SPOF).
• Points toward critical business partners where business continuity integration is needed.
• Identifies needs related to budget and resource allocation, contractual agreement changes, and negotiations.
• Provides direction for discussion points involving future recovery and gap analysis strategies.
• Guides the course of action for managing risks: acceptance, transfer, mitigation, or elimination.
• Encourages participants to adopt a holistic approach to business continuity by challenging them to think beyond their individual roles and consider those of their colleagues, supervisors, business partners, etc.
• Prompts mental simulations to better prepare team and individuals for disruptive situations.

Contact Lootok to find out more about how the Value Map activity can help your company.