Tag Archives: scor

Calculating the Value-at-Risk

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Revised on: 2010-11-16

Some of you may remember that I posted about the SCOR Framework for Supply Chain Risk Management earlier this year, and today I will take a closer look at it again, because I recently found a post on scdigest.com, where Mitul Shah, one of the key members of the working group behind the framework, explains how this risk management framework can be put into use to calculate the Value-at-Risk (VaR). This 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. This post is based on those three posts and my personal communications with Mitul Shah, Manager at Accenture Consulting.

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Fragility and sustainability: emerging research areas?

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Revised on: 2015-09-12

Should short-term loss-minimization and short-term profit maximization really be the driving force behind supply chain risk management? In their 2009 article Weak links in the supply chain: measuring fragility and sustainability, Peter Stonebraker, Joel Goldhar and George Nassos point at a emerging area of supply chain research: fragility and sustainability, and they develop a framework for understanding and measuring it. Conceptually intriguing, the paper weaves together corporate responsibility, supply chain disruptions and long-term supply chain sustainability in a holistic picture going far beyond much of the loss-oriented supply chain risk literature of  recent years.

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Managing Supply Chain Risk

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Revised on: 2015-09-10

Did you know that the Supply Chain Council (SCS) has extended their renown SCOR-model  to Supply Chain Risk Management? I just found out yesterday. A presentation from the the SCS website, available for download,  details in full the changes to the SCOR model to account for Risk Management and how it integrates with the SCOR model risk enablers. As far as i am able to tell, this is an excellent framework for Supply Chain Risk Management, and it is worth taking note of.

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