Supply Chain Risk Management: Vulnerability and Resilience in Logistics »

Donald Waters has degrees from the Universities of Sussex, London and Strathclyde. He worked for a variety of organizations in the UK before moving to Canada to become Professor of Operations Management at the University of Calgary. In 1997 he returned to the UK to become Chief Executive of Richmond, Parkes and Wright, whose main interests are in management research, education and training. Dr. Waters continues to work for organisations around the world, using his specialist knowledge of operations and supply chains. He has written a number of successful books in these areas.

There is constant pressure on managers to improve the efficiency of their supply chains, allowing materials to move quickly and at low cost.  This pressure has encouraged a stream of new initiatives and methods.  But there is a growing realization that these new methods also bring unforeseen problems.  In particular, they increase the supply chain’s vulnerability to disruptions.  By removing the slack that used to protect supply chains from unforeseen events, they create inflexible chains where even a small, unexpected event can bring everything to a standstill.

These unexpected events define the risks, and supply chain risk management is the function responsible for managing them.  Supply Chain Risk Management introduces the principles of this function.  It reviews the current thinking on the subject, describes methods that are most widely used, and shows where the subject is heading.  It takes a straightforward approach, developing ideas in a logical sequence without being diverted into philosophical discussion or getting lost in the latest jargon.

This book is aimed at anyone who wants to know about risk management and its growing impact on the supply chain.  The early chapters outline the importance of the subject and review the core areas of risk and supply chain management.  Then the book develops the principles of supply chain risk management, from the steps needed to introduce it to the complexities of emergency planning.

Contents

Preface   

1 Working with risk

Risk and management; Growth of risk management; Risk in the supply chain; In summary

2 Defining risk

Features of risk; Decisions and risk; Structure of decisions; Decisions with certainty; Decisions with uncertainty; Decisions with risk; Decisions with ignorance; Managing risk; In summary

3 Supply chain management

Definitions; Structure of a supply chain; Aims of supply chain management; Activities of logistics; Importance of logistics; Risk in the supply chain; In summary

4 Trends affecting the supply chain

Increasing risk; Trends in supply chain management; Integration of supply chains; Cost reduction; Agile logistics; E-business; Globalization; Outsourcing; Changing practices in logistics; In summary

5 Approaches to risk management

Definition; Development of risk management; Supply chain risk management; Aims of SCRM; Steps in risk management; Some principles of SCRM; In summary

6 Identifying risks

Types of risk; Identifying risks; Tools for analysing past events; Tools to collect opinions; Tools to analyse operations; Problems with risk identification; In summary

7 Analysing risks

Measuring risk; Likelihood of a risk occurring; Consequences when a risk occurs; Evaluating consequences; Tools for risk analysis; In summary

8 Responding to risks

Responses to risk; Alternative responses; Defining options; Choosing the best response; Implementation and activation; In summary

9 A network view of risk

Shared risks; Achieving an integrated approach; Identifying risks; Analysing and responding to risks; Problems with integrating SCRM; Levels of SCRM integration; In summary

10 Creating resilient supply chains

Design of a resilient chain; Principles of designing a resilient supply chain; Physical features of a resilient supply chain; Relationships within a resilient supply chain; Risk compensation and business continuity; In summary

11 Business continuity management

Emergencies and crises; Use of BCM; Steps in business continuity management; In summary

12 Review

Sources of information           

Index