Supply Chain Risk Analysis – Common Flaws, Core Areas, & Main Tasks

Resource type
Conference
Author(s)
Iris Heckmann, Stefan Nickel
Year
2016
Abstract
Supply chain networks are globalized and complex systems. Due to unexpected deviations and disruptions, which are subsumed under the notion of supply chain risk, the planning and optimizing of such systems is harder than ever. Therefore, making well-informed decisions requires risk analysis. In some areas such as finance, insurance, crisis management and health care, the importance of considering risk is largely acknowledged and well-elaborated, yet rather heterogeneous concepts and approaches for risk management have been developed. The increased frequency and the severe consequences of past supply chain disruptions have resulted in an increasing interest in risk. This development has led to the adoption of the risk concepts, terminologies and methods from related fields, which most often do not fit for risk consideration in the supply chain context. This paper consists of a theoretical discussion on common risk biases and main elements tailored for supply chain risk analysis.
Online Sources
http://ils2016conference.com/wp-content/uploads/2015/03/ILS2016_FB04_3.pdf
Research focus
Logistics and Supply Chain Optimisation
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