2009/06/12
The risk management literature separates between mitigative actions or strategies and contingent actions or strategies. It is important to keep these two perspectives apart. Why? Because risk management needs to address both sides of the risk: what lies behind the risk (source) and what lies in front of it (consequences). Here is my attempt at defining these two terms and explaining the differences, at least the way I see it, based on Asbjørnslett (2008), Tomlin (2006) and Jüttner et al. (2003).
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2009/05/28
Opposites attract and in the supply chain world, “lean” and “agile” appear to be opposites. Both management strategies have their advantages and disadvantages, and the question is, is it possible for them to exist side by side, or even fuse? In their 2006 article A taxonomy for selecting global supply chain strategies, Christopher, Peck and Towill describe a fusion of Lean and Agile, termed LeAgile.
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2009/05/19
Is it possible to reconcile supply chain vulnerability, risk and supply chain management with corporate governance, business continuity, national security and emergency planning? In her 2006 article, Reconciling supply chain vulnerability, risk and supply chain management, Helen Peck attempts to do just that, hence my analogy of looking down at supply chains from Space – in order to really see the big picture. Because, as far as supply chain risk goes, some, if not all, stakeholders are found far beyond the individual supply chain and Helen Peck does an excellent job at explaining why.
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2008/11/04
When Manuj and Mentzer (2008) wrote their article titled Global Supply Chain Risk Management, they used Ghoshal (1987) Global Strategy: An Organizing Framework for developing sources of risk and Jüttner, Peck and Christopher (2003) Supply Chain Risk Management: Outlining an Agenda for Future Research for developing risk mitigation strategies. However, THAT is not why I am taking a closer look at the latter today. What brought said paper to my attention were the two simple figures it used. Why are the figures so striking?
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2008/08/25
In 2005, the topic of supply chain vulnerability was still a relatively unexplored territory, though it was already in its ascendancy to becoming one of the major areas of management research. In her article Drivers of supply chain vulnerability: an integrated framework, Helen Peck identifies four drivers of supply chain vulnerability, based on an exploratory and empirically grounded case study of commercial supply chains.
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2007/09/02
Recently I came across a report on Supply Chain Vulnerability published as early as 2002 by the Cranfield University School of Management on behalf of the Department for Transport, Local Government and the Regions, the Department of Trade and Industry and the Home Office. The key findings from this research report into supply chain vulnerabilities are quite interesting.
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