Tag Archives: SME

SME Risk Management

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Revised on: 2015-11-12

Small and medium-sized enterprises (SMEs) make up the majority of enterprises in most countries, and thus often play a considerable role in supply chains, yet they often lag behind in implementing effective risk management practices. For SMEs, the establishment of a risk management system is essential to their survival and their business continuity, and a potential supply chain partner may also want to assess the proper implementation of a risk management system before engaging in a relationship. That is why Thomas Henschel wrote Risk Management Practices of SMEs. Evaluating and Implementing Effective Risk Management Systems, where he provides precise recommendations for the implementation of an effective risk management in SMEs.

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SME: A supply chain risk?

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Revised on: 2015-09-03

Does having Small and Medium-sized Enterprises (SMEs) in your supply chain constitute an increased exposure to supply chain risk? Particularly if these SMEs occupy business-critical positions in the supply chain? That’s the question Peter Finch asks in his 2004 article simply (or boldy?) titled Supply Chain Risk Management. I came across this article by mere accident, because it has not been much referenced in the supply chain risk literature. Perhaps, because Peter Finch is not an academic, but a management consultant, and because there is very little academic literature in his reference list, hence not worth mentioning? I don’t think so. This article can very well stand on its own and excellently explains the role that SMEs have in adressing risks in supply chains

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