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.
Submitted by Daniel Dumke on Fri, 2011-09-02 14:37
This week is all about blogs, since I found some great articles there. I purposefully left out the news on Irene since I am sure you already had enough of it this week. But, you should definitely see Irene from the International Space Station, from above things seem very calm.
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).
The Bullwhip Effect was first discovered and analyzed in the 1950s. It triggered more intense research on the supply chain system (even though the term supply chain was not yet coined).
Starting in the early 1980s, this research finally lead to significant changes in real supply chains as well.
This article does a follow up on these developments and evaluates the relative improvements of each of the strategic stages.
