Supply Chain Risk Management: Vulnerability And Resilience In Logistics

Reviewing the current thinking on the subject of risk management, this book describes the methods that are most widely used, and different strategies growing impact on the supply chain.

There is constant pressure on managers to improve the efficiency of their supply chains, allowing materials to move quickly and at low cost. This pressure has encouraged a stream of new initiatives and methods, but these new methods also increase the supply chain's vulnerability to disruptions. By removing the slack that used to protect supply chains from unforeseen events, they create inflexible chains where even a small, unexpected event can bring everything to a standstill. These unexpected events define the risks, and supply chain risk management is the function responsible for managing them. Supply Chain Risk Management introduces the principles of this function. It reviews the current thinking on the subject, describes methods that are most widely used, and shows where the subject is heading. Aimed at anyone who wants to know about risk management and its growing impact on the supply chain, it takes a straightforward approach, developing ideas in a logical sequence.