Supply Chain Risk

Supply Chain Risk

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Risk is of fundamental importance in this era of the global economy. Supply chains must into account the uncertainty of demand. Moreover, the risk of uncertain demand can cut two ways: (1) there is the risk that unexpected demand will not be met on time, and the reverse problem (2) the risk that demand is over estimated and excessive inventory costs are incurred. There are other risks in unreliable vendors, delayed shipments, natural disasters, etc. In short, there are a host of strategic, tactical and operational risks to business supply chains. Supply Chain Risk: A Handbook of Assessment, Management, and Performance will focus on how to assess, evaluate, and control these various risks.A Handbook of Assessment, Management, and Performance George A. Zsidisin, Bob Ritchie. Mitch hit South America in 1998; and Ford closed 5 plants for several days after all air traffic was suspended after September 11 in 2001. ... pricing, can also be used to mitigate the negative impact of a severe disruption, e.g., Sheffi (2001) and Sheffi (2005). ... 10.2.5 Other Risks While we focus in this chapter on the role that flexibility can play in mitigating supply, process and demand risks, it isanbsp;...

Title:Supply Chain Risk
Author: George A. Zsidisin, Bob Ritchie
Publisher:Springer Science & Business Media - 2008-09-08

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