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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