This is already my second article (click here for the first) about managing supply chain risks in the chemical industry. This time by Paul R. Kleindorfer and Germaine H. Saad from Wharton and the Widener University. But this industry is quite interesting since it has to withstand a multitude of risks, so let’s get right to business:
Today’s article is from the late 90s, but sets a great example for research methodology in supply chain risk management. But don’t worry, I will focus on the results, since they’re very interesting as well. The objective of today’s article (Supply Chain Management in Food Chains: Improving Performance by Reducing Uncertainty) is to show strategies (here called principles) to reduce uncertainty, and at the same time show the beneficial effects of reduced uncertainty.
Today’s article finally closes a gap in the blog that I wanted to close for a while now.
Flexibility can be seen as a key basis for some companies and supply chains as a business strategy and for most companies as an approach for risk mitigation. The article by Duclos et al. presents a flexibility concept from a supply chain point of view and can be used as a foundation for further decisions on the supply chain strategy.
Today I picked a special article on corporate risks. “How Risky is your Company?” by Robert Simons of the Harvard Business School. Its a more business oriented view on how companies should handle risks, internally. But since internal risk management can be seen as a part of supply chain risk management, I also include it here.
Risk exposure
This article is about how risky one company is. About the internal risk. And by these risks, the author does not so much refer to the production processes, but the softer risks of managing a company.
