Business Continuity Management (BCM) focuses on the strategic and tactical capability of an organization to plan for and respond to incidents and business disruptions in order to maintain business operations at an acceptable level.
At Microchip, we understand the importance of business continuity, and we are committed to maintaining systems that ensure continuity of supply and provide for mitigation of potential impact to our customers, partners and other stakeholders.
We have established a Corporate Business Continuity (CBC) Steering Committee that is responsible for managing our BCM program. We have also created a Guidance Document (GD) to establish the expectations and standards to be used by all Microchip entities with respect to business continuity planning. Informed by IATF16949-2016, ISO 22301, and The SEMI Business Continuity Guideline for the Semiconductor Industry and Its Supply Chain, the GD defines the minimum requirements for:
Identifying and evaluating internal and external risks
Business Continuity Planning (BCP) focuses on documented plans and procedures which address our operational risks.
We have mapped all our integrated devices to our supply chain including internal and external foundries, probe, assembly and test locations. This enables us to understand potential supply chain risk and recovery timing. All of our subcontractors are tier 1 and have mature BCP programs in place. Subcontractor programs are reviewed as part of a quarterly business review.
Our BCP program is tested on regular basis at the local level and periodically from a corporate level. This testing involves tabletop exercises (pursuant to CBC Steering Committee guidance), simulations and live scenario testing including fire drills, shelter-in-place and other drills conducted in coordination with community stakeholders.