I am still abroad right now, but nonetheless I still want to keep the German share within the articles high. So I present to you the second article from German authors in just one week. On monday I already talked about Supply Chain Risk Management in the German Automotive Industry and so the second is today on how supply chain risk management is performed during a financial crisis.
Defining a conceptual framework for supply chain risk management can support thinking about risks in supply chains and streamline the decision making process, and therefore improve the current supply chain at hand.
This is similar to a brown-field approach, where gradual changes and risk mitigation strategies are employed onto an existing supply chain. Thus another source for improvement strategies can be a green-field approach, where the supply chain is modeled and optimized to generate new input for real-world optimization.
In 2010 Lassar et al. did a grounded theory study (see here for more information on techniques for theory creation) on the question of what the determinants of strategic supply chain risk management might be?
I just recently had a discussion with a professor at Mahidol University (Bangkok), where I was staying for a research exchange, on how knowledge can be used to mitigate risks within a supply chain.
How to shrink the “Uncertainty Circle” is the topic of a paper I read today. It has been written by Rachel Mason-Jones and Denis R. Towill and can be downloaded here free of charge.
In this article the authors, Giunipero and Eltantawy (2004) explore situational factors which contribute to the company’s level of investment into risk management activities. These factors are:
Efficiency is about trade-offs. Effectiveness is about achieving a goal, making it happen no matter what.
But in reality resources are scarce and efficiently reaching a goal is nearly as important as reaching it at all.
I had this article marked for some time now and I finally got to read it. It describes the connection between Shareholder Value and the concept of Value Based Management (VBM) and Supply Chain Strategy.
Today I present you only one chapter of a great book by Wu and Blackhurst: “Managing Supply Chain Risk and Vulnerability” (which can be bought on amazon.com here).
