September 2010
Intermediate to advanced
288 pages
10h 16m
English
Content preview from Logistics and Supply Chain Management, 4th Edition
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LOGISTIC S & SUPPLY CHAIN MANAGEMENT
198
Managing supply chain risk
Figure 10.3 below suggests a seven-stage approach to the management of
supply chain risk. Each of the seven stages is described in more detail in the fol-
lowing sections.
1 Understand the supply chain
There is in many companies an amazing lack of awareness of the wider supply/
demand network of which the organisation is a part. Whilst there is often a good
understanding of the downstream routes to market, the same is not always true
of what lies upstream of first tier suppliers. First tier suppliers are often dependent
themselves on second and even third tier suppliers ...
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