Supply Chain Risk Management - 3861 Words

SUPPLY CHAIN RISK MANAGEMENT Scope and definition of the assignment problem Methodology Introduction Why are supply chains becaming vulnerabiles? Definition of risk Supply risk dimensions Perception of supply risk Supply chain risk management 8.1. How to avoid 6 management pitfalls Conclusions Bibliography 1. SCOPE AND DEFINITION OF THE ASSIGNMENT PROBLEM The aim of this paper is to describe and analyse the supply risk management in the field of strategic purchasing. Starting giving a definition of the concept of risk and describing the risk dimensions, I ll talk about the perception of supply risk and I ll finish my assignment describing how firms can manage the risk. 2. METHODOLOGY Using the course literature,†¦show more content†¦blems, | | |machine failure/downtime, software failure, imperfect yields, efficiency, process/product | | |changes, property losses (due to theft, accidents, etc.), transportation risks (delays, | | |damage from handling/transportation, re-routing, etc.), storage risks (incomplete customer | | |order, insufficient holding space, etc.), budget overrun, emergence of a disruptive | | |technology, contract terms (minimum and maximum limit on orders), communication/IT | | |disruptions | |Social |Labor shortages, loss of key personnel, strikes, accidents, absenteeism, human errors, | | |organizational errors, union/labor relations, negative media coverage (reputation risk), | | |perceived quality, coincidence of problems with holidays, fraud, sabotage, pillage, acts of | | |terrorism, malfeasance, decreased labor productivity | |Natural/hazard |Fire, wild fire, severe thunderstorm, flood, monsoon, blizzard, iceShow MoreRelatedThe Risks Of Supply Chain Management1354 Words   |  6 PagesIntroduction When it comes to supply chain management all business must be aware of the risk and best practices to prevent problems with their product. Neither the seller or buyer is immune to the risks of bad supply chain management. When it comes to cybersecurity, companies must be sure that their products do not have vulnerabilities that they are unaware of. This can lead to reduced sales, damaged reputation, and cost a significant amount of money in remediation. Supply Chain Risks As with all other industriesRead MoreSupply Chain Risk Management3278 Words   |  14 PagesMGT 650 Term Paper Risks Associated with Supply Chain Management I. Introduction Companies face a myriad of risks throughout their supply chain. To properly manage these risks, companies must be able to clearly identify them in order to accurately manage and mitigate their impact. Broadly defined, risks can be divided into two general categories: general risks, which are faced by most companies regardless of the nature of the industry in which they operate or the nature of the goods orRead MoreSupply Chain Risk Management6330 Words   |  26 PagesBusiness Services White Paper Supply Chain Risk Management: A Delicate Balancing Act A multi-faceted view on managing risk in a globally integrated enterprise Risk Management IBM Global Business Services Page  Table of Contents Risk and Consequence: Tales from the Industry Supply Chain Risk Categories Disruptive Events, Uncertainty and Impact Models and Methods for Supply Chain Risk Management Example of Risk Management for IBM’s Product Supply Chains An Approach for Measuring theRead MoreSupply Chain Risk Management Analysis1521 Words   |  7 Pages Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. 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This includes forecasting demand and synchronizing it with production, procurement, and distribution capabilitiesRead M oreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategyRead MoreSupply Chain Risk Management Analysis Essay3068 Words   |  13 Pages SUPPLY CHAIN RISK MANAGEMENT Intro: It is too difficult to give one and distinctive definition of Supply Chain Risk management (SCRM). Indeed, Sodhi, Son, and Tang (2012) begins their findings with the similar fact that ‘there is no clear consensus on the definition of SCRM (because some restrict the scope of SCRM to rare but large impact events while other authors believe that SCRM is about demand-supply uncertainties. 1/3rd of their analysis did not just show that respondents took a probabilisticRead MoreRisk Management : A Global Supply Chain1796 Words   |  8 Pages Research Paper: Risk Management in a Global Supply Chain Week 7 Research Paper/TLMT441 D001 Sum 14 Jerry King/Student ID: 4074738 Professor Little â€Æ' Abstract Risk management is a critical component to the success of any supply chain, yet this is still an area that sees little forward movement. In many organizations, risk management is viewed more as a reactive department, only becoming operational when a significant disruption arises in contrast to being an active and continual departmentRead MoreThe Risk And Benefits Of Outsourcing Supply Chain And Risk Management Essay961 Words   |  4 Pages The Risk and Benefits of Outsourcing Supply Chain and Risk Management. How Boeing 787 Supply Chain Issues Affected Other Industries? Debates between business professionals regarding risk and benefits of outsourcing is becoming increasingly heated with particular focus on risks as unanticipated costs, potential for setbacks, integration difficulties, quality or benefits as minimize overall cost, focus on other business area, meet customer demand and flexibility. However, being prepared, doneRead MoreAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 PagesHoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, the