Enterprise Risk Management In The Global Supply Chain

In the past 30 years, more companies have begun to develop sourcing and purchasing initiatives in foreign markets. Additionally, U.S.-based export sales have grown to their highest levels. What this growth means is increased exposures. Tied into this increase is a general lack of experience for those executives engaged in global trade with understanding international and supply chain risks and providing cost-effective solutions to their companies benefit. This book outlines all the critical issues in understanding global risk management and establishes a workable structure, outline, and action plan for corporate executives as a blueprint to follow. The primary deliverables of the book are: Comprehension of the risks in global supply chains Enterprise solutions Cost-effective, functional, and hands-on skill set development to manage risk, insurance, and loss control in international operations, purchasing, and sales Addressing the increasing concerns over global security and cybersecurity Business people need to understand the psychology of risk more than the mathematics of risk.

You don’t have to outrun the bear ... you just have to outrun the other guy. Often in business we only have to run a bit faster than our competitors to be successful. The same is true in risk management. While we would always like to anticipate and prevent risk from happening, when risk events do occur being faster, flexible, and more responsive than others can make a world of difference. Supply Chain Risk Management: An Emerging Discipline gives you the tools and expertise to do just that. While the focus of the book is on how you can react better and faster than the others, the text also helps you understand how to prevent certain risks from happening in the first place. The authors detail a risk management framework that helps you reduce the costs associated with risk, protect your brand and reputation, ensure positive financial outcomes, and develop visible, predictable, resilient, and sustainable supply chains. They provide access to a cloud-based, end-to-end supply chain risk assessment "Heat Map" that illustrates the maturity of the chain through the various stages. It should not come as a surprise to anyone that the world is a riskier place than it was just 15 years ago. A survey used to calculate the Allianz Risk Barometer recently concluded for the first time that supply chain risk is now the top concern of global insurance providers. For most organizations this new reality requires major adjustments, some of which will not be easy. This book helps you understand the emerging discipline called supply chain risk management. It explains the relevant concepts, supplies a wide variety of tools and approaches to help your organization stay ahead of its competitors, and takes a look at future directions in risk management—all in a clear, concise presentation that gives you practical advice and helps you develop actionable strategies.

The global business environment has never been so complex, making supply chains more fragile than ever. A stable business environment seems like a distant dream in today's global marketplace; instability, not stability, has become the norm. Anti-globalization and nationalization, coupled with populist movements and transnational terrorism, just to name a few targeting global supply chains, now pose significant challenges and risks when doing business across the globe. To address such issues, Political Risk Management for the Global Supply Chain: Provides an overview of basic political terminology and political risk management Presents the basic processes of political risk management Examines the current and future impacts of political events on global supply chains By putting aside the passions that politics can raise, the book aims to objectively look at political risk management. Topics covered include: Identifying different categories of political risk Understanding the relationship of political risk management, enterprise risk management, supply chain, project management, change management, and business continuity Laying the groundwork for efficient and effective political risk management Evaluating the effectiveness of responses The book begins with an overview on why political risk management is an important yet overlooked topic and the corresponding consequences if it is ignored or overlookedby enterprises and their global supply chains. Next, it provides systemic and systematic perspectives on political risk management and explains why the topic is more important than ever. Most important, it provides a framework that enterprises, regardless of nationality, can use to develop and deploy to manage political risks. The book concludes by discussing the full spectrum of developing, deploying, testing, and maintaining processes to conduct political risk management.

Risk is of fundamental importance in this era of the global economy. Supply chains must into account the uncertainty of demand. Moreover, the risk of uncertain demand can cut two ways: (1) there is the risk that unexpected demand will not be met on time, and the reverse problem (2) the risk that demand is over estimated and excessive inventory costs are incurred. There are other risks in unreliable vendors, delayed shipments, natural disasters, etc. In short, there are a host of strategic, tactical and operational risks to business supply chains. Supply Chain Risk: A Handbook of Assessment, Management, and Performance will focus on how to assess, evaluate, and control these various risks.

This book expands the scope of risk management beyond insurance and finance to include accounting risk, terrorism, and other issues that can threaten an organization. It approaches risk management from five perspectives: in addition to the core perspective of financial risk management, it addresses perspectives of accounting, supply chains, information systems, and disaster management. It also covers balanced scorecards, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures that help assess risk, thereby enabling a well-informed managerial decision making.The book concludes by looking at four case studies, which cover a wide range of topics. These include such practical issues as the development and implementation of a sound risk management structure; supply chain risk and enterprise resource planning systems in information systems, and disaster management.

The lifeblood of any business is the timely delivery of products and services. In the best possible world, if one plans accordingly, disruptions never occur. However, in the real world, disruptions do and will occur and the best business plans are those that anticipate and prepare for this inevitability, especially when dealing with international suppliers. Go beyond theory -- learn how to... Define and anticipate risk Build a resilient supply chain Mobilize in the face of impending disaster Make a full and quick recovery Supply Chain Risk Management: Minimizing Disruptions in Global Sourcing provides a detailed road map for the efficient delivery of products and services, while taking into account the high probability of costly delays and stoppages. With candid input from suppliers, automotive and retail companies, and professional consultants, this work delivers a pragmatic approach to managing supply chain risk in an era of globalization. With Proper Prior Planning Potential Disasters Become Mere Inconveniences All executives and managers share a common goal of reducing costs, streamlining processes and increasing profits. Within these pages, you will discover a winning game plan for efficiently navigating the complexities of supply chain risk in today’s global marketplace.

The global business environment has never been so complex, making supply chains more fragile than ever. A stable business environment seems like a distant dream in today's global marketplace; instability, not stability, has become the norm. Anti-globalization and nationalization, coupled with populist movements and transnational terrorism, just to name a few targeting global supply chains, now pose significant challenges and risks when doing business across the globe. To address such issues, Political Risk Management for the Global Supply Chain: Provides an overview of basic political terminology and political risk management Presents the basic processes of political risk management Examines the current and future impacts of political events on global supply chains By putting aside the passions that politics can raise, the book aims to objectively look at political risk management. Topics covered include: Identifying different categories of political risk Understanding the relationship of political risk management, enterprise risk management, supply chain, project management, change management, and business continuity Laying the groundwork for efficient and effective political risk management Evaluating the effectiveness of responses The book begins with an overview on why political risk management is an important yet overlooked topic and the corresponding consequences if it is ignored or overlookedby enterprises and their global supply chains. Next, it provides systemic and systematic perspectives on political risk management and explains why the topic is more important than ever. Most important, it provides a framework that enterprises, regardless of nationality, can use to develop and deploy to manage political risks. The book concludes by discussing the full spectrum of developing, deploying, testing, and maintaining processes to conduct political risk management.

“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 in the course of doing so, Sodhi and Tang provided insights on existing and new research opportunities. As a result, this book is highly relevant to both practitioners and academics. Also, the book is also written with management lessons on how risks can be mitigated, and how risks can be contained once disruptions have occurred. As such, it is also a book for management to gain insights and to develop management skills.” —Hau L. Lee, Thoma Professor of Operations, Information and Technology and Director of the Stanford Global Supply Chain Management Forum, Graduate School of Business, Stanford University “As companies have extended their supply chains globally and as the face increasing resource issues, they face a number of new risk challenges. While there are various case studies written about supply chain risks, this book gives a comprehensive treatment of the subject with clarity. The concepts and frameworks developed by Sodhi and Tang in this book would create awareness of this important and yet not well understood subject, and strategies described in this book would stimulate practitioners to develop a holistic approach for identifying, assessing, mitigating, and responding to different types of supply chain risks.” —Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich Insurance​