Supply Chain Risk Management: Vulnerability and Resilience in Logistics

by Donald Waters, C. D. Waters

Overview

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 there is a growing realization that these new methods also bring unforeseen problems.  In particular, they 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.  It takes a straightforward approach, developing ideas in a logical sequence without being diverted into philosophical discussion or getting lost in the latest jargon.

This book is aimed at anyone who wants to know about risk management and its growing impact on the supply chain.  The early chapters outline the importance of the subject and review the core areas of risk and supply chain management.  Then the book develops the principles of supply chain risk management, from the steps needed to introduce it to the complexities of emergency planning.

Product Details

ISBN-13:	9780749448547
Publisher:	Kogan Page, Ltd.
Publication date:	11/01/2007
Edition description:	Older Edition
Pages:	256
Product dimensions:	6.53(w) x 9.50(h) x 0.86(d)

About the Author

Donald Waters has written several books on logistics and operations management. He is a chartered member of the Institute of Logistics and Transport and a Fellow of the Chartered Institute of Transport. He has lectured extensively in the area and was until recently Professor of Operations Management at the University of Calgary, Canada. He is now a visiting professor at universities in Europe and the United States, and runs a company that is centred around management research and education. He is the author of Global Logistics, also published by Kogan Page.

Table of Contents

Contents

Preface   

 

1 Working with risk

Risk and management; Growth of risk management; Risk in the supply chain; In summary

 

2 Defining risk

Features of risk; Decisions and risk; Structure of decisions; Decisions with certainty; Decisions with uncertainty; Decisions with risk; Decisions with ignorance; Managing risk; In summary

 

3 Supply chain management

Definitions; Structure of a supply chain; Aims of supply chain management; Activities of logistics; Importance of logistics; Risk in the supply chain; In summary

 

4 Trends affecting the supply chain

Increasing risk; Trends in supply chain management; Integration of supply chains; Cost reduction; Agile logistics; E-business; Globalization; Outsourcing; Changing practices in logistics; In summary

 

5 Approaches to risk management

Definition; Development of risk management; Supply chain risk management; Aims of SCRM; Steps in risk management; Some principles of SCRM; In summary

 

6 Identifying risks

Types of risk; Identifying risks; Tools for analysing past events; Tools to collect opinions; Tools to analyse operations; Problems with risk identification; In summary

 

7 Analysing risks

Measuring risk; Likelihood of a risk occurring; Consequences when a risk occurs; Evaluating consequences; Tools for risk analysis; In summary

 

8 Responding to risks

Responses to risk; Alternative responses; Defining options; Choosing the best response; Implementation and activation; In summary

 

9 A network view of risk

Shared risks; Achieving an integrated approach; Identifying risks; Analysing and responding to risks; Problems with integrating SCRM; Levels of SCRM integration; In summary

 

10 Creating resilient supply chains

Design of a resilient chain; Principles of designing a resilient supply chain; Physical features of a resilient supply chain; Relationships within a resilient supply chain; Risk compensation and business continuity; In summary

 

11 Business continuity management

Emergencies and crises; Use of BCM; Steps in business continuity management; In summary

 

12 Review

 

Sources of information           

Index  

What People are Saying About This

From the Publisher

"A straightforward discussion from understanding the basics to understanding the future of risk analysis and how to deliver a risk management strategy.... The tables, matrices, diagrams and tools are excellent, and clearly guide you through the whole risk management end-to-end process." - Logistics & Transport Focus

"...[E]xcellent book … a comprehensive overview of many important issues in managing supply chain risk. More than 15 case studies and a straightforward hands-on practical approach make this book an enjoyable read. I bought this book as a text book, and as such it does a great job. …it lets you not forget the real world and its real problems. This book is written with the manager in mind, and is interspersed with examples from real life, along with calculations and illustrations that explain the concept in a manner that is practical and easy to follow." -Jan Husdal, husdal.com

"This is one of the best descriptive books in the topic, written in a simple, easy to understand language." - Jorge Ayala-Cruz, Amaz.com reviewer

"Waters... discusses the importance of supply chain risk management, core areas, and principles... Included are case studies of many companies such as Nokia, IBM, and BP, as well as other situations like food scares, oil supplies, and the Y2K bug." —Book News, Inc.

Editorial Reviews

"A straightforward discussion from understanding the basics to understanding the future of risk analysis and how to deliver a risk management strategy.... The tables, matrices, diagrams and tools are excellent, and clearly guide you through the whole risk management end-to-end process."

Logistics & Transport Focus

"[E]xcellent book … a comprehensive overview of many important issues in managing supply chain risk. More than 15 case studies and a straightforward hands-on practical approach make this book an enjoyable read. I bought this book as a text book, and as such it does a great job. …it lets you not forget the real world and its real problems. This book is written with the manager in mind, and is interspersed with examples from real life, along with calculations and illustrations that explain the concept in a manner that is practical and easy to follow."

husdal.com - Jan Husdal

"Waters... discusses the importance of supply chain risk management, core areas, and principles... Included are case studies of many companies such as Nokia, IBM, and BP, as well as other situations like food scares, oil supplies, and the Y2K bug."

Inc. - Book News

"A straightforward discussion from understanding the basics to understanding the future of risk analysis and how to deliver a risk management strategy.... The tables, matrices, diagrams and tools are excellent, and clearly guide you through the whole risk management end-to-end process." - Logistics & Transport Focus

"[E]xcellent book … a comprehensive overview of many important issues in managing supply chain risk. More than 15 case studies and a straightforward hands-on practical approach make this book an enjoyable read. I bought this book as a text book, and as such it does a great job. …it lets you not forget the real world and its real problems. This book is written with the manager in mind, and is interspersed with examples from real life, along with calculations and illustrations that explain the concept in a manner that is practical and easy to follow." -Jan Husdal, husdal.com

"This is one of the best descriptive books in the topic, written in a simple, easy to understand language." - Jorge Ayala-Cruz, Amazon.com reviewer

"Waters... discusses the importance of supply chain risk management, core areas, and principles... Included are case studies of many companies such as Nokia, IBM, and BP, as well as other situations like food scares, oil supplies, and the Y2K bug." --Book News, Inc.

From the Publisher