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Supply Chain Risk Management Process

內容大綱
Supply Chain Risk Management Tools for Analysis, Second Edition, is an eight-chapter book published by Business Expert Press in 2014 and written by David L. Olson, James & H. K. Stuart Professor in Management Information Systems and Chancellor's Professor at the University of Nebraska. In this book, the author explores the growth of global supply chains as well as the risks associated, such as political unrest and natural disasters. He highlights the importance of managing risk in a supply chain and outlines the categories of risk that managers must consider. He presents several quantitative tools and methods for risk management with extensive real-world examples and detailed models that have been updated in the new edition. In Chapter 2, Supply Chain Risk Management Process (18 pages), the author describes how modern supply chains have evolved in complexity due to the growth of global competition and technological change. He contends that the importance of risk management has grown accordingly, becoming part of part of organizational strategy and planning. He presents a basic model for risk management in four steps: identification, assessment, avoidance, and mitigation. He describes how risk mitigation focuses on the source of risk and outlines four areas of risk: supply, demand, products, and information, and provides examples for each. He also considers four methods of supply chain coordination, including Vendor-Managed Inventory (VMI) and continuous replenishment. He highlights examples of supply chain disruption due to natural disasters and provides nine coping strategies, including postponement, economic supply incentives, and dynamic assortment planning.
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