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The six ways of dealing with risk

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Avoid, Reduce, Transfer and Retain or Accept are the classic four ways of dealing with risk in a risk matrix. However, there are two more: Exploit and Ignore.

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Risk Management: Contingent versus Mitigative

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Risk management needs to address both sides of the risk: what lies behind the risk (source) and what lies in front of it (consequences).

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ARTICLES and PAPERS
Flexing your SCM muscles
A supply chain is never stronger than its weakest link, and that (having a weak link) is perhaps the[...]
Not all risk is risk
How to define, understand and describe risk
I had planned to post this yesterday, when I was taken by surprise by the most severe supply chain a[...]
BOOKS and BOOK CHAPTERS
Supply Chain Nirvana
Is there something like a Supply Chain Nirvana, where it all comes together and where a firm's suppl[...]
Risk and vulnerability in maritime supply chains
This week's focus are risks in the maritime supply chain. Today's article reflects on security in ma[...]
REPORTS and WHITEPAPERS
London Olympics and Business Continuity
Are UK businesses, and in particular London businesses, unprepared for the London Olympics in 2012? [...]
ISO 28002 – Supply Chain Resilience
Have you heard of ISO 28002?  No? You should take note of this standard, because the ISO 28000 serie[...]
from HERE and THERE
The European Supply Chain & Logistics Summit
In the current financial downturn what should be - or what will be - on the mind of supply chain and[...]
INSTR 2012 - Call for papers
This is a conference that you shouldn't miss if transport reliability and vulnerability is what inte[...]