Submitted by Daniel Dumke on Wed, 2011-01-05 13:59
Paper
On The Quantitative Definition of Risk
Published In:
Risk Analysis
Year:
1981
What is risk anyway?
I read this paper already some time ago. It is very important to have a clear definition of the terms used in research. But from my previous experience I know that also in business a clear understanding of the different aspects of risks is important to stay consistent.
Submitted by Daniel Dumke on Wed, 2011-12-14 14:32
Just another year comes to an end and so it is high time to aggregate the upcoming conferences on supply chain management and related topics in 2012.
The goal is to have a comprehensive overview of the most instructive and useful conferences of the year.
If you have any additions, just let me know in the comments section of this article. Also, you can recommend one of the conferences or the other from your personal experience.
An ongoing debate in supply chain management is about the degree to which companies should collaborate with their supply chain partners. In business and research the concept is called supply chain integration and may also be a useful strategy for reducing certain risks. And of course it is an often used strategy in supply chain management in general
Analyzing the effect of supply chain integration on performance therefore is an important issue in SCM research.
Submitted by Daniel Dumke on Fri, 2012-01-27 16:43
With this article I’d like to wrap up the week for myself and share the most interesting articles I read in the last seven days. This week the World Economic Forum in Davos started, with more references to supply chain risk management tasks than I expected. So maybe there might be the start for a new emphasis on these risks also in the board rooms.
Probably most companies source at least some parts for their products from global sources. This could be the steel from Australia, electronics from Taiwan or cloth from India. The reasons for international sourcing usually include cost and quality, which might be superior compared to local sources.
On the other hand longer shipment ways and less direct access and control may also increase the risks of quality failures, delays or even disruptions.
Experts from research and business alike argue that within the last decades consumers have grown to be a more demanding factor for supply chain management. At the same time manufacturing and supply chain strategies adapted to this development (from lean to agile, see Christopher and Towill, 2000).
The bullwhip effect in supply chains has been around for some time now. The term “bullwhip effect” originated at Procter & Gamble, and is defined as: demand amplification across echelons within a supply chain. This describes the effect that end customer demand may be very static (as for “Pampers” by Procter & Gamble), but the demand experienced by the manufacturer or supplier shows amplified demand variations. (Fransoo and Wouters (2000))
, edited by Stadtler and Kilger.
