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Enterprise-wide Risk Management

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DeLoach has a refreshing new approach to risk management that is is cross-functional, integrated and adaptable in the face of constant change, simply because traditional risk management approaches are no longer adequate

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A Decade of Living Dangerously

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The report not only shows how many managers are aware of a specific Business Continuity Plan (BCP) covering critical business activities in their organization, but also tracks which of the risks identified are of particular concern to managers.

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Risk Avoidance – is that all there is?

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The opposite of risk avoidance is risk ignorance. More often than not businesses simply accept that they are exposed to risks and do not bother to spend much effort on assessing and mitigating these risks.

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The IRM Risk Management Standard

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Good corporate governance requires that companies adopt a methodical approach to risk management, and the IRM Risk Management Standard provides the toolbox. The Institute of Risk Management (IRM) published a Risk Management Standard in 2002.

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Risky Thinking

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Michael Z Bell is a Business Continuity consultant, based in Ottawa, Canada, and his business website (and blog) presents current information and opinions on business continuity, disaster recovery, risk assessment, and business impact analysis.

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Managing Supply Chain Risk

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Did you know that the Supply Chain Council (SCS) has extended their renown SCOR-model to Supply Chain Risk Management? This presentation from the the SCS website will detail the changes to the SCOR model to account for Risk Management and how it integrates with the SCOR model risk enablers.

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Practical Supply Chain Risk Management

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Supply chain trends such as offshore manufacturing, global outsourcing and lean sourcing continue to impact the supply chain and supply chain risk management has taken center stage as a vital risk management priority.

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Strategies for managing risk in multinational corporations

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In my post two days ago, reviewing the article by Manuj and Mentzer (2008) titled Global Supply Chain Risk Management, I mentioned that they cited a paper by Ghoshal (1987) titled Global Strategy: An Organizing Framework as one of their references for listing risk management strategies. Today, I will take a closer look at that paper.

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Avoid Supply Chain Breakdown – Tailored Risk Management

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In Chopra and Sodhi (2004) ‘Managing Risk to Avoid Supply-Chain Breakdown’ the first key message is that some mitigation strategies may actually increase risk in some business areas, rather than reduce it.The second key message is that the cost of mitigating or building up a reserve must be balanced against the level of risk.

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Supply Chain Risk – Business Continuity Management

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Supply Chain Risk Management (SCRM) has many similarities with Business Continuity Management (BCM). That is why SCRM can and should draw upon BCM for advice. A well-handled supply chain disruption can mean business continuity, while an ill-handled supply chain disruption can mean business dis-continuity.

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A risky business? The top 10 challenges of offshoring

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Organisations embarking on offshoring face multiple challenges; many of which can be extremely daunting. Sridhar Vedala, Director – Global Sourcing at EquaTerra explores the top 10 challenges of offshoring today and provides suggestions on how to tackle them head on.

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ARTICLES and PAPERS
How to secure your supply chain - 6/7
Although going on 10 years hold, much of this handbook still holds true. I found it by accident when[...]
Outsourcing – risking it all?
"The world is at risk and the supply chain is not exempt." Are you scared? "Supply risk used to be d[...]
BOOKS and BOOK CHAPTERS
Security and continuity of supply
Aah...the intricacies of the English language. Not supply (chain) security, but the security of supp[...]
Book Review: HBR on Crisis Management
Close calls and near misses are not unusual in the business world, but how do companies deal with th[...]
REPORTS and WHITEPAPERS
Risk management - Vocabulary
What is risk management in supply chains? The more I study supply chain risk management, the more co[...]
Risky cities - want to work there?
If you are doing global business, do you know where you are at risk and what risk that is most perti[...]
from HERE and THERE
Fewer suppliers mean fewer choices for consumers
The financial crisis has created an supply chain crisis, says The Economist. As demand for cheap goo[...]
Economies of scale
In an article in the Norwegian newspaper Dagbladet today, some of Norways's major construction busin[...]