Blog Archives

Enterprise-wide Risk Management

DeLoach has a refreshing new approach to risk management that is is cross-functional, integrated and adaptable in the face of constant change, simply because traditional risk management approaches are no longer adequate

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A Decade of Living Dangerously

The report not only shows how many managers are aware of a specific Business Continuity Plan (BCP) covering critical business activities in their organization, but also tracks which of the risks identified are of particular concern to managers.

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Risk Avoidance – is that all there is?

The opposite of risk avoidance is risk ignorance. More often than not businesses simply accept that they are exposed to risks and do not bother to spend much effort on assessing and mitigating these risks.

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The IRM Risk Management Standard

Good corporate governance requires that companies adopt a methodical approach to risk management, and the IRM Risk Management Standard provides the toolbox. The Institute of Risk Management (IRM) published a Risk Management Standard in 2002.

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Risky Thinking

Michael Z Bell is a Business Continuity consultant, based in Ottawa, Canada, and his business website (and blog) presents current information and opinions on business continuity, disaster recovery, risk assessment, and business impact analysis.

Posted in BLOGS and WEBSITES
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Managing Supply Chain Risk

Did you know that the Supply Chain Council (SCS) has extended their renown SCOR-model to Supply Chain Risk Management? This presentation from the the SCS website will detail the changes to the SCOR model to account for Risk Management and how it integrates with the SCOR model risk enablers.

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Practical Supply Chain Risk Management

Supply chain trends such as offshore manufacturing, global outsourcing and lean sourcing continue to impact the supply chain and supply chain risk management has taken center stage as a vital risk management priority.

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Strategies for managing risk in multinational corporations

In my post two days ago, reviewing the article by Manuj and Mentzer (2008) titled Global Supply Chain Risk Management, I mentioned that they cited a paper by Ghoshal (1987) titled Global Strategy: An Organizing Framework as one of their references for listing risk management strategies. Today, I will take a closer look at that paper.

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Avoid Supply Chain Breakdown – Tailored Risk Management

In Chopra and Sodhi (2004) ‘Managing Risk to Avoid Supply-Chain Breakdown’ the first key message is that some mitigation strategies may actually increase risk in some business areas, rather than reduce it.The second key message is that the cost of mitigating or building up a reserve must be balanced against the level of risk.

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Supply Chain Risk – Business Continuity Management

Supply Chain Risk Management (SCRM) has many similarities with Business Continuity Management (BCM). That is why SCRM can and should draw upon BCM for advice. A well-handled supply chain disruption can mean business continuity, while an ill-handled supply chain disruption can mean business dis-continuity.

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A risky business? The top 10 challenges of offshoring

Organisations embarking on offshoring face multiple challenges; many of which can be extremely daunting. Sridhar Vedala, Director – Global Sourcing at EquaTerra explores the top 10 challenges of offshoring today and provides suggestions on how to tackle them head on.

Posted in REPORTS and WHITEPAPERS
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ARTICLES and PAPERS
Visualizing the risk of global sourcing
The benefits of global sourcing as part of a firm’s purchasing strategy have been widely discussed i[...]
Cross-border supply chains
What are the main change and trend drivers for international supply chains? How will future cross-bo[...]
BOOKS and BOOK CHAPTERS
SME Risk Management
Small and medium-sized enterprises (SMEs) make up the majority of enterprises in most countries, and[...]
The Handbook of Business Continuity Management
As I said in my post yesterday, Supply Chain Risk Management (SCRM) has many similarities with Busin[...]
REPORTS and WHITEPAPERS
Supply chain disruption risk on the rise
Global supply chains are increasingly becoming more vulnerable to potential disruption to trade, say[...]
Saving Norway's crumbling infrastructure
NTP 2010-2019
Following up my post this morning called "D-Day for Norway's Transport Infrastructure", the numbers [...]
from HERE and THERE
Norwegian roads are slooooow...
In a previous post, a while I ago, I stated that Nowegian roads are dangerous...well, not only that,[...]
Can we do without air traffic?
Travelers and businesses are waking up to a fourth day of no air traffic in Europe, and a fourth day[...]