Supply Chain Risk Management.- Risk Identification.- Risk Assesment.- Mitigating Risks.- Response as a Mitigation Approach.- How do Global Manufacturing Companies Mitigate Supply Chain Risks.- Strategic Approaches for mitigating Supply Chain Risks.- Tactical Approaches for Mitigating Supply Chain Risks: Financial and Operational Hedging.- Application - Scenario Planning for Mitigating Supply Chain Restructuring Risk at a PVC Manufacturer.- Application - Mitigating Outsourcing-Related Risks.- Application - Mitigating New Product Development Risks - The Case of the Boeing 787 Dreamliner.- Application - Managing Product Recalls - The Case of Mattel, Inc.- Risk Models for Supply Chain Management.- Modeling the Vaule of Flexibility.- Stochastic Programming for Supply Chain Planning Under Demand Uncertainty.- Researchers' Prespectives on Supply-Chain Risk Research.- Conclusion and Future Research.
"Supply Chain Risk Management is an issue that many companies face and yet few companies know how to deal with it in a systematic and pragmatic manner. While avoiding and reducing supply chain risks are certainly preferable, developing ways to restore and stabilize supply chain operations rapidly after a major disruption is critical for managing global supply chains. Sodhi and Tang present important concepts, frameworks, strategies, and analyses that are essential for managing supply chain risks. Not only does this book suggest some practical ways to work with different partners to manage the risks that are present in a global supply chain, it creates a framework that would enable practitioners to engage researchers to work on this important area."
-Thomas A. Debrowski, Executive Vice President, Worldwide Operations, Mattel, Inc.
"When a firm outsources its operations to external suppliers, the firm is vulnerable to major and rare disruptions that can occur at any link in the global supply chain. Because these disruptions rarely occur, few firms take commensurable actions to identify, assess, mitigate and respond to various types of supply chain risks. By introducing frameworks and concepts along with several case studies and a review of academic literature, Sodhi and Tang treat this important subject with practical relevance and academic rigor. This book will bring practitioners and researchers to develop effective and efficient ways to manage supply chain risks."
-Marshall L. Fisher, UPS Professor, Professor of Operations and Information Management and Co-Director of Fishman-Davidson Center for Service and Operations Management, The Wharton School, University of Pennsylvania
"This book ties observations in practice to methodologies and research. The rich case examples motivated the approaches and methodologies used to mitigate risks, and
Includes detailed modelling-based approaches to mitigate supply chain risk, drawing on the supply chain literaturePresents broad mitigation approaches in practice to highlight concepts,drawing on industry examples and casesAuthors are well-known, respected names in the field