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Incorporating a Risk & Opportunities Matrix Into S&OP
Risk Management is a key component of operational and strategic planning, but often a formalized Risk Management framework is often left out of consensus planning processes like S&OP and IBP. In this article I discuss how to identify the risks and opportunities for a portfolio of products, using a Risk Register (or matrix) that leverages SWOT analysis and documents probabilities and impacts of individual scenarios on specific products or categories. This Risk Register can be easily incorporated into the S&OP process for greater understanding of scenarios and better planning ...