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Operations - Supply Chain Risk Management

Supply Chain Risk Management: A Delicate Balancing Act Risk management practices, techniques and tools have been used extensively in the financial community for years. Risks with respect to a company’s supply chain have begun to receive attention only more recently, as the push to increase supply chain efficiencies has illuminated the delicate balance between financial considerations and those of the customer. During the last twenty-odd years, supply chain management practices have evolved toward more lean process approaches in order to reduce waste within the overall chain. Concepts such as just-in- time, virtual inventory, supplier rationalization, and reductions in the number of distribution facilities have reduced total supply chain costs, but the result has been increased risk. Trade-offs between achieving optimal supply chain efficiencies and management of supply chain risk have created a conundrum of sorts. pdf






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Status: 07. Januar 2010