New for 2011: New insights and new risks
2011 provided me with a couple of new insights as to supply chain risk:
- I simply could not have leave out the impacts and aftermaths of the earthquake and tsunami in Japan.
- I included the risk definitions and risk matrix in this book on Security Risk Mangement, because I found them very illustrative.
- I expanded on the issue of risk and uncertainty in the three most common risk definitions.
- I thought it might be good to highlight supply chain deviations, disruptions and disasters versus supply chain disturbances and disruptions.
- I included a figure on how to reduce risks from this excellent German PhD on Risks in Low Cost Country Sourcing.
- Finally, as a teaser and “wake-up call”, since the lecture started at 8:15 in the morning I included a funny TV commercial from Norway, showing risk management in practice: assessing the current situation and visualizing all that can go wrong, deciding what to do and then realizing that you haven’t thought of everything after all:
The lecture slides
Reference
Husdal, J (2011) Supply Chain Risk – The dark side of supply chain management. Unpublished. Lecture notes, Molde University College, Molde, Norway.
Related
- husdal.com: Supply Chain Risk 2010
- husdal.com: Supply Chain Risk 2009
- husdal.com: Supply Chain Risk 2008