Crises build up from an accumulation of day-to-day imperfections that are small and unnoticeable (almost) and which progressively make the organization more vulnerable to any potential threats. The Devil lies in the details of these small anomalies (hence the title) and not in the sudden onset of exceptional events.
ISO 73:2009 Risk Management Vocabulary is an attempt to promote a coherent approach to the description of activities relating to the management of risk. This post will present some of the most important terms, their definitions and usage in enterprise risk management.
This book describes how difficult it is to build a reputation, and how easy it is to destroy, how it can be measured, how it can be managed, what drives it and how different stakeholders focus on different aspects of reputation, and how reputation (risk) management is an integral part of risk management in general.
2010 provided me with a couple of new insights and the lecture is meant to highlight some of the current literature on supply chain risk and to suggest further reading materials. You will not know everything there is to know about supply chain risk after the lecture, but you will know where to find it.
Hamilton’s circle of risk describes the interaction of all elements of the risk management process, from assessment and control to financing and communication. This circle really shows how fragmented, yet interconnected risk management really is.
How far does corporate social responsibility go? While corporate social responsibility looks good on paper, how far are companies willing to not just talk the talk, but also walk the walk?
Is China really to blame for the 2007 recall crisis, or are the drivers and causes of this crisis originating from much closer to home? What can we learn from the toy industry?
Supply chain risk seems to be on everyone’s agenda these days, with one event after the other competing for spotlight attention. The Building a Resilient Supply Chain Summit is the must-attend event for senior supply chain executives.
The Value-at-Risk is an important construct in estimating the economic implications of supply chain risks and in implementing the best strategies for supply chain risk management.
Not only will this book help procurement professionals to lift their head from their desks and gain a wider perspective on possible ramifications of their purchasing decisions, it will also help top managers to seeing procurement as a crucial contributor to a company’s well-being and competitive advantage.
Indonesia. A logistical challenge for any supply chain, if not a logistical nightmare, and thus prone to supply chain disruptions. One would think that supply chain risk management would find fertile soil here, but does it?
ISO 28002 – Security management systems for the supply chain – Development of resilience in the supply chain – details how an organization can engage in a comprehensive and systematic process of prevention, protection, preparedness, mitigation, response, continuity and recovery.
This is an investigation of the effects on shareholder wealth of supply chain glitches that resulted in production or shipment delays, using a sample of 519 announcements made during 1989-2000. On average, shareholder value is decrease by near 11% following an announcement of supply chain problems.
Are UK businesses, and in particular London businesses, unprepared for the London Olympics in 2012? A recent report by Deloitte would suggest so. Over two-thirds of large companies in the UK expect the London 2012 Olympic and Paralympic Games to have virtually no impact on their ability to operate “business as usual”.
Disasters. The result: Damaged infrastructure. End result: Disrupted supply chains. But how do disasters really impact supply chains? Is it different upstream or downstream the supply chain?
I don’t always keep up with the subjects of my reviews, and today I was very saddened to learn that David Kaye passed away more than a year ago. David Kaye was a leading author, lecturer, examiner and workshop leader on risk management and business continuity subjects.
On a smarter planet, we can use tracking technology to track and trace our food as it makes its way through the supply chain from the farm to our table. It’s already happening in places like Canada, Norway, and Vietnam.
How the toy industry handles supply chain risk is applicable to many other industries as well. While few of the risks faced by toy makers are unique to the industry, the combination of risks is daunting.
Supply networks are constantly changing. Perhaps not controlling, but letting things happen and letting supply networks emerge is the best management strategy?
The Supply Chain Risk Management Forum in Toronto, Canada on March 29, 2011 is a follow-up on last year’s successful Strategic Supply Chain Management Forum, and is focused specifically on a current critical issue: supply chain risk.
