Risk management process in Alcohol

Manufacturing Industry
Submitted to
-Submitted by- Hemant
Dushane
Sudhanshu Singh (M20191550)
  Procurement of Raw material
 Testing of alcohol Before supply
 Major focus of new technology in
COMMUNICATIO manufacturing alcohol
N  Assembly line used in the manufacturing
process
  Retrospective risk :  Prospective risk :
• Damage to the environment • Company shutdown
from harmful smokes coming
• Stop in manufacturing of
out from the industry
alcohol due to lesser demand
• Government barriers in
• Shortage of fruits used in
manufacturing alcohol
INDENTIFY
manufacturing wine
• Shortage of water supply

THE RISK • Electricity problems in the

industry while manufacturing
process
• Employees get addicted to
drinking
 Analyse the risk

 High employee turnover rate

 Complete testing of alcohol before
supplying to the authorised dealers

ANALYSE  Legal permission from government authority

THE RISK
wherever the manufacturing is taking place
 Switching of top management to other firm
due to layoff
 Sufficient Supply of raw materials
  Risk of duplicate alcohol in the market in company's name

EVALUATE  Risk of defective products

THE RISKS  Risk of government putting barriers

( risk
 Risk of high taxes by the government
 Suffer from low pricing feasibility
acceptance)
  Transferring the risks to giving it to third parties such as
insurance contracts
 New technology in manufacturing alcohol

TREAT THE  Good working conditions for employees

 Industry should be located outside the city
RISK  No waste liquid to be thrown in local reservoirs
  Continuous testing by offering to employees on a limited basis
 Regular feedback from the customers regarding taste and

MONITORING quality of the alcohol

 Giving experience of a product free of cost i.e. when a new
product is launched in the market
THANKYOU!