2010/10/25 
The Supply Chain Risk Management Forum in Toronto, Canada on March 29, 2011 is a follow-up on last year’s successful Strategic Supply Chain Management Forum, and is focused specifically on a current critical issue: supply chain risk. [ ... ]
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 An empirical analysis of supply chain risk management in the German automotive industry shows that the group using reactive supply chain risk management seems to do better in terms of disruptions resilience or the reduction of the bullwhip effect, whereas the group pursuing preventive supply chain risk management seems to do better as to flexibility or safety stocks. [ ... ]  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. [ ... ]  Blindly minimizing risk is a losing proposition in the long term, and uncertainty or risk are at the root of opportunity towards new profitable enterprises. Risk minimizing does not equal profit maximizing. [ ... ]  There can be no generally valid risk for all types of supply chains, but risks must be defined from within the context of the supply chain that is the subject of analysis. [ ... ]  Supply management is not just about acquiring goods and services at the best possible price. It’s also about identifying possible disruptions to the supply chain and taking steps to mitigate them. While the article may be lacking in academic depth, it makes up for it in its hands-on managerial approach. [ ... ]  Each individual supply chain is unique in certain respects and this uniqueness may require unique approaches to the management of the risks involved. [ ... ] | | |
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