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.
Should short-term loss-minimization and short-term profit maximization really be the driving force behind supply chain risk management?
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.
