A Proposed Supply Chain Risk Management Framework

2011 ◽  
Author(s):  
Adrian Ovidiu Solomon ◽  
Panoyiotis H. Ketikidis ◽  
Alok Choudhary
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Management Framework ◽  
Risk Management Framework

Incorporating the Predictability of Consequences into a Disruption Management Framework

2015 ◽  
Vol 2 (3) ◽  
pp. 20-32 ◽  
Author(s):  
Jason M. Riley ◽  
Janis Miller ◽  
V. Sridharan
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Disruption Management ◽  
Management Process ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Loss Mitigation ◽  
Management Framework ◽  
Risk Management Process ◽  
Operating Strategies

The authors introduce a disruption management framework that incorporates both the probability of disruption and the predictability of consequences. The resulting model prescribes one of four supply chain strategies: flexibility, risk and loss mitigation, agility, and resilience. Managers can leverage the presented framework within a comprehensive supply chain risk management process to develop tactics aligned with risk management, supply chain, and overall operating strategies to overcome a range of disruption consequences.

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