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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. [ ... ]  Choosing the right supplier is a risky decision. Chose the wrong supplier, and you may face a severe disruption in your supply chain. Chose the right supplier, and all goes well. Hopefully. But is it possible to judge risk objectively? [ ... ]  Supply chain risk management is a process with 5 evolutionary steps, involving no less than 17 underlying principles. The conceptual framework developed in this article clearly identifies the main principles of SCRM and develops a framework and definitions for disturbance, disruption, security, resilience and risk. [ ... ]  Conceptual in its approach and drawing from other areas of research, this chapter introduces four distinct groups of VENS, namely Constrained, Directed, Limited and Free VEN, and concludes that VEN risk management can and should learn from supply chain risk management. [ ... ]  The article lists and discusses eight risk definitions, and then suggests an alternative and comprehensive definition that captures all aspects of risk. [ ... ]  In this paper safety and security are brought together in a unifying risk and vulnerability framework that covers both accidental and malicious events. [ ... ]  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. [ ... ]  Finally, here it is, the complete review of some 160 or so articles in supply chain risk and risk management. [ ... ]  Risks in maritime supply chains are perhaps an underresearched area and consequently, the article outlines a rationale for why it is necessary to develop competence about risk, vulnerability and resilience management in maritime supply chains. [ ... ]  Supply chains are increasingly becoming complex webs and networks and are no longer straightforward chains with just a few links between supplier and customer. [ ... ] | | |
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2011/08/22 
