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Supply Chain Risk
 2010/03/17  Publish or perish? Publish. It has taken its time, but finally it is there, the book that has my chapter in it. Managing Risk in Virtual Enterprise Networks: Implementing Supply Chain Principles, edited by Stavros Ponis, aims to serve as a point-of-reference for scholars and researchers who are interested in studying Risk Management in a cross-disciplinary fashion, linking Virtual Enterprise Networks with Supply Chain Management and Risk Management. I am proud to be able to contribute of this attempt at cross-fertilization between three distinctively different, yet highly interconnected fields of research.
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2010/03/16  One of my readers suggested this book to me via a comment on my supply chain literature list pages, so I decided to find a copy for a proper review. Stephan M Wagner and Christoph Bode are renown authorities within supply chain risk research and as editors for Managing Risk and Security they have come up with a book that focuses specifically on security risks, as seen from the perspective of logistics service providers. And indeed, it was a suggestion well worth investigating, as supply chain security is something that every supply chain manager needs to take seriously.
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2010/03/08  Can contingency planning increase flexibility and minimize risk exposure to supply chain disruptions? Obviously yes, but what is it about the contingency planning process that relates to flexibility? That question is asked by Joseph B Skipper and Joe B Hanna in Minimizing supply chain disruption risk through enhanced flexibility. Surprisingly, this article suggests that only very few variables of contingency planning are positively related to flexibility…puzzling, isn’t it?
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2010/03/05 How do you prepare a supply chain for a crisis, and how do you manage a supply chain when the unexpected hits you? While not providing a direct answer to this question, a group of researchers from the Texas A&M University, has scoured some 118 peer-reviewed and published articles and come up a classification scheme I think is excellent. In Managing supply chains in times of crisis: a review of literature and insights, the three, Arunachalam Narayanan, Ismail Capar and Malini Natarajarathinam use 5 factors and 15 subfactors to separate the chaff from the wheat.
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2010/03/03 My latest acquaintance in supply chain risk research methodology is developing drivers and dependants using interpretive structural modelling (ISM). A good example was provided by the trio of Mohd Nishat Faisal, D.K. Banwet, and Ravi Shankar, which I presented last week when I reviewed their paper on information risks management. As I found out, they used ISM in a previous paper written a year earlier, looking specifically (or perhaps more generally) at enablers of supply chain risk mitigation. Again, a fascinating article…
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2010/02/26 If you know for sure that things will go wrong, there really is no risk. If you don’t know for sure that things will go wrong, then there is a risk. That’s the basic assumption in a paper I just read, titled Identification of safety and security critical systems and activities and written by Terje Aven in 2009. It may sound like a bold statement, but technically speaking, it is a true statement. It is only when the consequences of actions and events are uncertain that these actions and events are truly risky. Agree?
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2010/02/23  Openness, partnering, trust and particularly sharing of information has often been cited as one way to reduce supply chain risk. The more you know, and know early enough, the less surprised you may be about unforeseen developments. However, information sharing has its own set of risks. Information risks management in supply chains: an assessment and mitigation framework by Mohd Nishat Faisal, D.K. Banwet, and Ravi Shankar provides a well-founded theoretical framework for assessing these risks.
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2010/02/20  The vulnerability of critical infrastructures is a recurring theme on this blog, and today’s article has been on my mind for a while. What I like about Critical infrastructures at risk: A need for a new conceptual approach and extended analytical tool by Wolfgang Kröger is how it couples critical infrastructures, showing how one is dependent on the other, picking up a notion I described in an earlier post Are roads more important than computers?. The article also shows how external factors are a major contributor to the risk and interconnectedness of critical infrastructures.
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2010/02/12  With 90% of world trade carried by sea, the global network ships criss-crossing the oceans provide perhaps the most important mode of transportation, not only for human mobility and for the exchange of goods, but also for the spread of invasive species that “hitch-hike” with these ships, particularly in the ballast tanks. These invasive species are perhaps not so much a risk to the supply chain, but a risk stemming from the supply chain. In order to find out how these species travel and where they come from, a team from Germany has mapped the worldwide movements in the maritime shipping network .
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2010/02/10  Do you remember the 1st Supply Chain Risk Management Seminar Barcelona 2009? I made a post about it a year ago. The sequel is scheduled to take place this year, on April 14th and 15th, as before, in Barcelona, Spain. This seminar provides a unique opportunity to discuss the most pressing issues today through a series of case studies, informative presentations, workshops and interactive panel discussions and is maybe the place for professionals in supply chain risk to meet and share experiences with other experts. This year’s programme looks even better than last year.
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2010/01/06  Aah…the intricacies of the English language. Not supply (chain) security, but the security of supply. Do you see the difference? This conference paper comes from three Finnish researchers, working with VTT Technical Research Centre of Finland and was presented at ESREL 2007, a conference that will spark many posts on this blog. Today’s paper describes how Finland views logistics and supply as important to national security and how the LOGHU project was created to develop a framework for identification and ranking of threats and corresponding countermeasures. While the paper clearly shows that the project is still a work in progress, much wisdom and food for thought can be drawn from it.
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2010/01/05  Does having Small and Medium-sized Enterprises (SMEs) in your supply chain constitute an increased exposure to supply chain risk? Particularly if these SMEs occupy business-critical positions in the supply chain? That’s the question Peter Finch asks in his 2004 article simply (or boldy?) titled Supply Chain Risk Management. I came across this article by mere accident, because it has not been much referenced in the supply chain risk literature. Perhaps, because Peter Finch is not an academic, but a management consultant, and because there is very little academic literature in his reference list, hence not worth mentioning? I don’t think so. This article can very well stand on its own and excellently explains the role that SMEs have in adressing risks in supply chains
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