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Book Review:Managing Risks in Supply Chains

The book is a collection of excellent articles by various researchers in supply chain risk from mostly Germany and Austria. To make up for yesterday’s perhaps overly harsh critique of just one article from this book, this is a full and proper content review.

Posted in BOOKS and BOOK CHAPTERS
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One bad apple…

Should an editor care? I believe he should. The editor of this book doesn’t, I simply cannot avoid saying it, and I will explain why. While many of the articles/chapters maintain an excellent academic standard, one of the chapters does not at all hold up to any standard. In fact, it is so bad it makes me wonder how this could have slipped by editorial control?

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Identification and simulation of risks in supply networks

The graphical model uses a Bayesian Network to determine the accumulated probability of failure in supply networks. The Bayesian network captures common causal relations of risk events in a supply chain. It is not complete and is not constructed by a proper risk assessment of a special company.

Posted in THIS and THAT
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ARTICLES and PAPERS
Visualizing the risk of global sourcing
The benefits of global sourcing as part of a firm’s purchasing strategy have been widely discussed i[...]
The impact of supply chain glitches
The other day I wrote about supply chains and  disasters. Today I will deal with something that is m[...]
BOOKS and BOOK CHAPTERS
Supply Chain Risk - the forgotten discipline
No, it's not that supply chain risk is a forgotten discipline, it' is well and alive an kicking, it'[...]
Risk Management in Maritime Transportation Networks
This week’s focus are risks in the maritime supply chain, and today's article introduces a new metho[...]
REPORTS and WHITEPAPERS
Stemming the rising tide
Are you are taking radically different actions than your peers when it comes to supply chain risk ma[...]
America’s Crumbling Infrastructure
My daily morning routine includes a cup of coffee while watching the World Business Report on BBC Wo[...]
from HERE and THERE
Operational Excellence - or not
Operational Excellence or OpEx for short, what does that imply and why should you care about it? Wel[...]
A lesson in supply chain disruption: German railways during WWII
Now this may seem totally off topic, but I have become so engrossed with modern-day supply chains th[...]