Managing supply chain risk

✍ Scribed by ManMohan S. Sodhi, Christopher S. Tang (auth.)

• Publisher: Springer-Verlag New York
• Year: 2012
• Tongue: English
• Leaves: 332
• Series: International Series in Operations Research & Management Science 172
• Edition: 1
• Category: Library

✦ Synopsis

“Supply Chain Risk Management is an issue that many companies face and yet few companies know how to deal with it in a systematic and pragmatic manner. While avoiding and reducing supply chain risks are certainly preferable, developing ways to restore and stabilize supply chain operations rapidly after a major disruption is critical for managing global supply chains. Sodhi and Tang present important concepts, frameworks, strategies, and analyses that are essential for managing supply chain risks. Not only does this book suggest some practical ways to work with different partners to manage the risks that are present in a global supply chain, it creates a framework that would enable practitioners to engage researchers to work on this important area.”
—Thomas A. Debrowski, Executive Vice President, Worldwide Operations, Mattel, Inc.

“When a firm outsources its operations to external suppliers, the firm is vulnerable to major and rare disruptions that can occur at any link in the global supply chain. Because these disruptions rarely occur, few firms take commensurable actions to identify, assess, mitigate and respond to various types of supply chain risks. By introducing frameworks and concepts along with several case studies and a review of academic literature, Sodhi and Tang treat this important subject with practical relevance and academic rigor. This book will bring practitioners and researchers to develop effective and efficient ways to manage supply chain risks.”
—Marshall L. Fisher, UPS Professor, Professor of Operations and Information Management and Co-Director of Fishman-Davidson Center for Service and Operations Management, The Wharton School, University of Pennsylvania

“This book ties observations in practice to methodologies and research. The rich case examples motivated the approaches and methodologies used to mitigate risks, and in the course of doing so, Sodhi and Tang provided insights on existing and new research opportunities. As a result, this book is highly relevant to both practitioners and academics. Also, the book is also written with management lessons on how risks can be mitigated, and how risks can be contained once disruptions have occurred. As such, it is also a book for management to gain insights and to develop management skills.”
—Hau L. Lee, Thoma Professor of Operations, Information and Technology and Director of the Stanford Global Supply Chain Management Forum, Graduate School of Business, Stanford University

“As companies have extended their supply chains globally and as the face increasing resource issues, they face a number of new risk challenges. While there are various case studies written about supply chain risks, this book gives a comprehensive treatment of the subject with clarity. The concepts and frameworks developed by Sodhi and Tang in this book would create awareness of this important and yet not well understood subject, and strategies described in this book would stimulate practitioners to develop a holistic approach for identifying, assessing, mitigating, and responding to different types of supply chain risks.”
—Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich Insurance​

✦ Table of Contents

Front Matter....Pages I-XX
Front Matter....Pages 1-1
Supply Chain Risk Management....Pages 3-11
Risk Identification....Pages 13-32
Risk Assessment....Pages 33-49
Mitigating Risks....Pages 51-63
Response as a Mitigation Approach....Pages 65-76
How do Global Manufacturing Companies Mitigate Supply Chain Risks....Pages 77-91
Front Matter....Pages 93-93
Strategic Approaches for Mitigating Supply Chain Risks....Pages 95-108
Tactical Approaches for Mitigating Supply Chain Risks: Financial and Operational Hedging....Pages 109-133
Application—Scenario Planning for Mitigating Supply Chain Restructuring Risk at a PVC Manufacturer....Pages 135-145
Application—Mitigating Outsourcing-Related Risks....Pages 147-159
Application: Mitigating New Product Development Risks—The Case of the Boeing 787 Dreamliner....Pages 161-179
Application: Managing Product Recalls—the Case of Mattel, Inc.....Pages 181-191
Front Matter....Pages 193-193
Risk Models for Supply Chain Management....Pages 195-240
Modeling the Value of Flexibility....Pages 241-258
Stochastic Programming for Supply Chain Planning Under Demand Uncertainty....Pages 259-277
Front Matter....Pages 279-279
Researchers’ Perspectives on Supply-Chain Risk Research....Pages 281-301
Conclusion and Future Research....Pages 303-310
Back Matter....Pages 311-331

✦ Subjects

Production/Logistics/Supply Chain Management; Engineering Economics, Organization, Logistics, Marketing; Operations Research/Decision Theory