2009/08/24 
Finding the right facility location is difficult enough. Keeping it safe is even more difficult. One of the building bricks of the this article is the identification of so-called key supply chain locations. [ ... ]
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 As a researcher within supply chain risk, I find the ISCRiM Newsletters a valuable source of information, particularily for academia-related news on recent papers, books, conferences, dissertations and theses, job openings, ongoing research projects and whatever else. [ ... ]  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. [ ... ]  Conceptual in its approach and drawing from other areas of research, this paper 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. [ ... ]  What is in the supply chain is determined by a design process, and consequently, is it possible to design supply chain risk out of (or in to) the supply chain? [ ... ]  Avoid, Reduce, Transfer and Retain or Accept are the classic four ways of dealing with risk in a risk matrix. However, there are two more: Exploit and Ignore. [ ... ]  Risk management needs to address both sides of the risk: what lies behind the risk (source) and what lies in front of it (consequences). [ ... ] | | |
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