Value Generation through Supplier Risk Management is a survey that aims to explore the potential value of effective risk management in supplier relationships and to provide insight into the supplier risk management practices and attitudes of organizations across multiple industry segments.
This is a highly quantitative paper, yet it seems to be very applicable in practice. It proposes a hybrid MCDM method based on ANP and Fuzzy TOPSIS to enhance previous solutions for the problem of selecting the best supplier from a set of potential alternatives based on a set of risk factors.
In this whitepaper by hiperos.com, supplier risk management is focused on four areas: the supplier’s viability, performance, compliance and corporate social performance. That is a perspective very much in line with my own ideas of holistic risk management and how a company should work with risk.
Supplier development and supplier performance are dependent on the current relationship life cycle phase. The different stages in the supplier relationship life cycle should play an important role in determining how the supply chain can be improved.
Supply management is not just about acquiring goods and services at the best possible price. It’s also about identifying possible disruptions to the supply chain and taking steps to mitigate them. While the article may be lacking in academic depth, it makes up for it in its hands-on managerial approach.
Today’s post is part three of my continuing journey through the Swedish handbook titled “Säkra företagets flöden” or”Secure the company’s flows”, as I have translated it. This part takes a look at a checklist or questionnaire that can be used in assessing disruptions risks in your suppliers or sub-contractors. The following checklist is not meant to be exhaustive, but serves as a gateway or teaser towards asking more in-depth questions
