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 What is risk, and how can it be expressed? Different international standards, such as the AS/NZS 3460 Risk Management Standard, the COSO ERM framework and the ISO 31000 Risk Management Standard do not provide adequate guidance for risk assessments and lack the necessary precision. [ ... ]  Theory is important in supply chain research, by helping us make sense out of chaos, but what is theory, what constitutes a valuable theoretical contribution and how can theoretical deliberations produce richer explanations and practical applications in supply chain research? [ ... ]  What has been written during a decade of academic research in the Supply Chain Management (SCM) field? A lot, obviously, but despite the considerable number of academic contributions, the literature is still very fragmented, and only examines one link of the chain, not the entire network. [ ... ]  Supply chain disturbances and supply chain disruptions. Not the same and very different from each other. The former can be managed and solved within an established supply chain, the latter often requires establishing a new supply network. Understanding this difference is crucially important. [ ... ]  This is a well-researched and methodologically sound article, which brilliantly sums up the core topics and clusters of supply chain risk management of the past, the present, how they have developed since the early 1990s, and where SCRM may be headed to in the future. Maybe. Or maybe not. [ ... ]  Supply Chain Risk Management has emerged as an important source of competitive advantage and an effective method of reducing vulnerability in a supply chain. One vulnerability or risk that is often overlooked are product design changes to an already existing manufacturing process. [ ... ]  Obviously, selecting the right third-party logistics provider (3PL) for your supply chain is an important decision in supply chain risk management, but not every country decides in the same manner. While Americans focus on commitment, Germans appear to rely more on trust. Why is that? [ ... ]  Establishing the Northern Sea Route as an alternative shipping route to Suez and Cape of Good Hope could contribute to more flexible, agile and adaptable supply chains, because more route choices will result in a higher capacity, and may reduce chances for disruption and congestion. [ ... ]  Historically, third-party logistics providers, or 3PLs, provided traditional logistics services, such as transportation and warehouse management, and nothing more than that, but 3PLs have evolved to becoming orchestrators of supply chains that create and sustain a competitive advantage. [ ... ]  Outsourcing and relying on a third-party provider for logistics, or 3PL in short, can be quite a cost-saver, but is not without caveats. While there are significant benefits, there are also a number of challenges: current requirements, future growth, information exchange and security. [ ... ] | | |
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2011/08/22 
