Supply Chain Risk Management

Ref. 8421

Allgemeine Beschreibung

Periode

-

Geographischer Raum

-

Zusätzliche geographische Informationen

Worldwide

Kurzbeschreibung

Supply Chain Management concepts have been often implemented over the past decades. They have in common that companies' production becomes more efficient by reducing stock, time, facilities, equipment and suppliers. However, as redundancies and backups disappeared, they also became more vulnerable and prone to risks. These risks can be classified in three categories. When products demanded for are out of stock, economic and image losses to the firm are the consequence. Producing more products than demanded by the market will result in obsolescence cost and build-up of inefficient repositories. When the firm's supply chain delivers low-quality products, costly recalls or even liability lawsuits may be the consequence. Therefore, supply chain risk management methods are needed to prevent this new vulnerability from causing economic losses to the firm. We need to do research into suitable structured approaches where risks are identified, assessed and controlled from upstream suppliers through down stream channel partners. We are in the favourable position to do this research directly with industry partners who will test developed concepts and tools for applicability.

Resultate

-