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
Supply Chain Risk redefined?
What is supply chain risk really? That is what Iris Heckmann, Tina Comes and Stefan Nickel try to an[...]
Risk Management: Contingent versus Mitigative
The risk management literature separates between mitigative actions or strategies and contingent act[...]
BOOKS and BOOK CHAPTERS
Risk Management in Global Supply Chain Networks
Supply Chain Risks can be classified as either one of these three, Deviation, Disruption or Disaster[...]
Book Review: Operations Rules
Operations Rules by David Simchi-Levi comes with an ambiguous title. You can read this two ways: 1) [...]
REPORTS and WHITEPAPERS
Zycus and the Supply Risk Explosion
"Ten or fifteen years ago, you could not convince most procurement and supply-chain professionals to[...]
Risky cities - want to work there?
If you are doing global business, do you know where you are at risk and what risk that is most perti[...]
from HERE and THERE
Fastest path problems in dynamic transportation networks
This research essay and literature review investigates some of the gateways to path finding in stati[...]
International Supply Chain Risk Management
The International Supply Chain Risk Management Network (ISCRiM) is a network of academics interested[...]