Blog Archives

Cry Wolf?

Why is it that we fear so much? Frank Furedi shows how the notion of all kinds of vulnerability and possibilistic (worst likely) risk thinking has dethroned probabilistic (most likely) risk thinking.

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The capability concept

Capability is an important measure in adressing vulnerabilities and in assessing resilience. Is there a way to quantitatively describe what capability entails?

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Appetite versus Attitude

Risk Appetite versus Risk Attitude has brought a whole new perspective on risk and risk management to my attention: How much risk do we want to take? That is risk appetite. How much risk do we think we should take? That is risk attitude

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What is risk?

What is risk, and how can it be expressed? Different international standards, such as the AS/NZS 3460 Risk Management Standard, the COSO ERM framework and the ISO 31000 Risk Management Standard do not provide adequate guidance for risk assessments and lack the necessary precision.

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Risky decisions – just do it, or not?

Choosing the right supplier is a risky decision. Chose the wrong supplier, and you may face a severe disruption in your supply chain. Chose the right supplier, and all goes well. Hopefully. But is it possible to judge risk objectively?

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State of the art in SCRM?

Supply chain risk management is a process with 5 evolutionary steps, involving no less than 17 underlying principles. The conceptual framework developed in this article clearly identifies the main principles of SCRM and develops a framework and definitions for disturbance, disruption, security, resilience and risk.

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Risk and Vulnerability in Virtual Enterprise Networks

Conceptual in its approach and drawing from other areas of research, this chapter introduces four distinct groups of VENS, namely Constrained, Directed, Limited and Free VEN, and concludes that VEN risk management can and should learn from supply chain risk management.

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Not all risk is risk

The article lists and discusses eight risk definitions, and then suggests an alternative and comprehensive definition that captures all aspects of risk.

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Risk versus vulnerability

In this paper safety and security are brought together in a unifying risk and vulnerability framework that covers both accidental and malicious events.

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Security and continuity of supply

Today’s paper describes how Finland views logistics and supply as important to national security and how the LOGHU project was created to develop a framework for identification and ranking of threats and corresponding countermeasures.

Posted in BOOKS and BOOK CHAPTERS
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Supply Chain Risk Literature: a complete review

Finally, here it is, the complete review of some 160 or so articles in supply chain risk and risk management.

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Risk and resilience in maritime logistics

Risks in maritime supply chains are perhaps an underresearched area and consequently, the article outlines a rationale for why it is necessary to develop competence about risk, vulnerability and resilience management in maritime supply chains.

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Risk & Vulnerability

Supply chains are increasingly becoming complex webs and networks and are no longer straightforward chains with just a few links between supplier and customer.

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Book Review: Managing Supply Chain Risk and Vulnerability

Another book by someone from the ISCRIM gang? No, not this time, or perhaps, yes, after all, since several of the ISCRIM members have contributed to it. The book serves a twofold purpose: 1) Understanding and assessing risk in the supply chain, and 2) Decision making and risk mitigation in the supply chain.

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Risk and Uncertainty in Supply Chain Management

I am very much impressed with this extensive literature study on risk and uncertainty within Supply Chain Management. It is – by my judgement – better than Vanany et al. (2009).

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Risks in virtual enterprise networks and supply chains

Conceptual in its approach and drawing from other areas of research, this paper introduces four distinct groups of VENS, namely Constrained, Directed, Limited and Free VEN, and concludes that VEN risk management can and should learn from supply chain risk management.

Posted in my PUBLIC PRESENCE
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BBC World Debate: Disasters – Prepare or React?

Should we actually bother to spend time and money on disaster mitigation, or should we rather focus on preparing for disaster recovery? Is re-active better than pro-active? To what extent can we really reduce the dangers from future disasters? Does investing in prevention divert funds from rescue efforts when disasters do occur?

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Does product design impact supply chain risk?

What is in the supply chain is determined by a design process, and consequently, is it possible to design supply chain risk out of (or in to) the supply chain?

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The six ways of dealing with risk

Avoid, Reduce, Transfer and Retain or Accept are the classic four ways of dealing with risk in a risk matrix. However, there are two more: Exploit and Ignore.

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Risk Management: Contingent versus Mitigative

Risk management needs to address both sides of the risk: what lies behind the risk (source) and what lies in front of it (consequences).

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ARTICLES and PAPERS
An empirical investigation into supply chain vulnerability
Today's journal article is from Germany. In An empirical investigation into supply chain vulnerabili[...]
Risky ramblings
Why such a title for today's post? The abstract of the 2004 article Risky business: Expanding the di[...]
BOOKS and BOOK CHAPTERS
Risk in Virtual Enterprise Networks
Done...I finally made it! Today I submitted my full chapter for the book on Managing Risk in Virtual[...]
Book review: The Network Reliability of Transport
I guess you would have to have attended the conference yourself or be a researcher in this very fiel[...]
REPORTS and WHITEPAPERS
Managing supply chain risk
In September and October 2009 the Economist Intelligence Unit surveyed 500 company executives with r[...]
A Decade of Living Dangerously
Do you remember the movie The Year of Living Dangerously with Mel Gibson? Topically unrelated maybe,[...]
from HERE and THERE
Transportation reliability and vulnerability
This is a philosophical essay on transportation vulnerability, where three fields or subjects are br[...]
How Effective Pallet Management Can Benefit the Full Supply Chain
pps pallet pooling
One seemingly small link in the supply chain of goods is pallets; those little timber crates on whic[...]