The target of this paper is to present the preliminary concept of decision support system for seaports supply chain risk management in the aspect of vulnerability and resilience engineering. Mar 27, 2020 melnyk, closs, griffis, zobel and macdonald. With such management, companies can anticipate disruptions by monitoring the impact of events on the companys supply chain. A decadeslong focus on supply chain optimization to minimize costs, reduce inventories, and drive up asset utilization has removed buffers and flexibility to absorb disruptionsand covid19 illustrates that many companies are not fully aware of the vulnerability of their supply chain relationships to global shocks. Vulnerability and resilience in logistics donald waters this is one of the best descriptive books in the topic, written in a simple, easy to understand language. Further aspects to be considered for supply chain resilience are the culture corporate and information sharing among the supply chain actors stenger et al. In todays uncertain and turbulent markets, supply chain vulnerability has become an issue of significance for many companies. Under conditions of uncertainty, such as in the fashion industry, the best approach to building resilience may be to invest in the capacity to recover from an. Jan 17, 2016 download supply chain risk management. Click here if your download doesnt start automatically.
Today, various parts of the department of defense dod and the intelligence community ic are generally aware of cyber and supply chain threats, but intra and intergovernment actions and knowledge are not fully coordinated or shared. Supply chain risk can be viewed as a 4fold construct. Few if any holistically consider the entire blended operations space from a counterintelligence perspective and act on it. When one part of this network is exposed to risk, all parts are vulnerable to disruption.
This applies particularly to justintime or similar supply chain models closs and mcgarrell, 2004. In other words, scrm is to apply risk management process tools, with partners in a supply chain. The challenge for businesses today is to mitigate this risk through creating resilient supply chains. Every risk in the register should be scored based on three dimensions to build an integrated riskmanagement. Aligning supply chain design for boosting resilience. After youve bought this ebook, you can choose to download either the pdf. Download it once and read it on your kindle device. Supply chain risk is a major threat to business continuity. Some research works on supply chain vulnerability after the 911 attacks to the twin towers, the number of research works in the filed of supply chain security and. Apr 01, 2005 this paper aims to report on findings of a cross.
Companies source product from suppliers, who might source materials or components from others, who in turn might source from others. Supply chain risk is increasingly a fact o f modern supply chain management but it is a risk that ca n be identified an d reduced through the application of various practices a nd tools. Use features like bookmarks, note taking and highlighting while reading supply chain risk management. The notion of a resistant but sluggish supply chain and a vulnerable but responsive supply chain may also be considered in this context of supply chain risk and supply chain uncertainty. If youre looking for a free download links of supply chain risk management. Now in its second edition, supply chain risk management is essential reading for risk managers and supply chain managers or operators who want to know about the growing impact of risk on supply chains, its management and how to mitigate its effects. There is constant pressure on managers to improve the e. Now in its second edition, supply chain risk management is essential reading for risk managers and supply chain managers or operators who want to know about the growing impact of risk. Vulnerability and resilience in logistics pdf online. A practical approach to supplychain risk management. Actions are presented for the near, medium, and long termsrecognizing the need for immediate action coupled with a longterm commitment and strategy.
Read more maine pointes cxo quick guide to global risk events brings. However, minute supply chain entities do not understand how resilience relates to risk management and what it means for improving focus on the supply chain. The supply chain, like business itself, is a vast and complicated network. Enter your mobile number or email address below and well send you a link to download. A practical approach to supplychain risk management mckinsey. Supply chain risk management scrm is the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment with the objective of reducing vulnerability and ensuring continuity. Five techniques to manage supply chain risk supply chain. Managing risk in the global supply chain logistics. Understanding supply chain resilience supply chain 247. Reactive supply chain risk management practices, through incident management and business continuity management plans, are limited to respond only in the event of a disruption. Every risk in the register should be scored based on three dimensions to build an integrated riskmanagement framework. As supply chains become more complex as a result of global sourcing and the continued trend to leaning. Vulnerability and resilience in logistics kindle edition by donald waters.
The exact nature of organizational resilience and how it differs from traditional business continuity has generated much heated debate and very few definite conclusions over the past five years. This article argues for a new set of risk management techniques in a world where heightened supply chain risk is now part of the game. Evidence shows that an average 40% decline in share price can occur due to supply chain disruptions dittman et al. Vulnerability and resilience in logistics paperback 2012 author donald waters.
Download it once and read it on your kindle device, pc, phones or tablets. Jul 01, 2004 in todays uncertain and turbulent markets, supply chain vulnerability has become an issue of significance for many companies. Supply chain risk management by donald waters overdrive. One concept most agree on is that resilience is more than responding to disruptive incidents. However, minute supply chain entities do not understand how resilience relates to risk management and. This blog is about supply chain risk, business continuity and transport vulnerability, and while i have blogged profusely about supply chain resilience in a vast number of posts over the last 3. Read more maine pointes cxo quick guide to global risk events brings together the latest news as it unfolds, along with practical advice on how cxos can build resilience into the supply chain. Vulnerability and resilience in logistics pdf, epub, docx and torrent then this site is not for you. Supply chain risk management can protect client revenue, market share, costs, production and distribution. Addressing this need, supply chain risk management guides you through the whole risk management process from start to finish. Using jargonfree, accessible language, it identifies both the possible effects that disruptions. Gep combines supply chain acumen with deep knowledge of industryspecific procurement practices and suppliers, reflecting its strong sourcing and procurement heritage. Supplychain risk management scrm is the implementation of strategies to manage both everyday and exceptional risks along the supply chain based on continuous risk assessment.
Building the resilient supply chain emerald insight. As supply chains continue to become more global and complex, the risk of disruption intensifies. Aug 21, 2015 risk in the global supply chain risk is a fact of life for the supply chain professional due to innumerable forces subject to change or beyond control within the supply chain such as legal, security, regulatory and environmental compliance. Risk management in the supply chain has become increasingly important as companies both large and small seek to extend their global reach. Companies source product from suppliers, who might source materials or. Vulnerability and resilience in logistics kindle edition by waters, donald. Download our flyer and learn more about our endtoend tvo approach to supply chain risk management. Yet while most companies recognize the increased risk potential, many are ill prepared to. The challenge for businesses today is to mitigate this risk through creating resilient. Supply chain risk management and resiliency are hotbutton topics in the industry. Vulnerability and resilience in logistics second edition.
Supply chain risk management and resilience in logistics training. Vulnerability and resilience in logistics paperback 2012 author donald waters donald waters on. This places gep in a unique position to help clients balance opportunity with risk as they evaluate, rationalize, and optimize their supplier ecosystems. Managing risk in the global supply chain logistics management. Vulnerability to sudden supply chain disruption is one of the major threats facing. These two concepts are the factors ensuring the performance and sustainability. Risk in the global supply chain risk is a fact of life for the supply chain professional due to innumerable forces subject to change or beyond control within the supply. Resilience and vulnerability in the supply chain are two concepts that fall within the area of risk management. Get your kindle here, or download a free kindle reading app. Supply chain risk management and resilience in logistics.
Using jargonfree language, this accessible book covers the. These two concepts are the factors ensuring the performance and sustainability of the supply chain. Supply chain risk management and resilience in logistics training in london uk, dubai united arab emirates, kuala lumpur malaysia, istanbul turkey, france paris. Supply chain disruptions can result in a devastating impact on shareholder value. Nov 22, 2016 download supply chain risk management. Pdf this chapter is devoted to risk management in the supply chain. Ifacmanufacturing modelling, management, and control. Vulnerability to sudden supply chain disruption is one of the major threats facing companies today. Yet while most companies recognize the increased risk potential, many are ill prepared to handle a disruption. Supply chain risk management vulnerability and resilience in logistics isbn.
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