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Reinventing the Supply Chain Life Cycle, Student Workbook by Stephen B. LeGrand, Marc J. Schniederjans

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11. Risk Management

Learning Objectives

After completing this chapter, you should be able to

• Describe the value and importance of risk management in supply chains.

• Explain sources of risk in supply chains.

• Explain the controllability of risks.

• Describe types of risk factors in managing supply chains.

• Describe types of risk management strategies.

• Describe types of risk management strategies in global operations.

• Describe a risk management process.

• Describe strategies and tactics for mitigating risk.

• Describe a disrupter stress test to estimate risk of catastrophic events.

Chapter Summary

This chapter provides a fundamental understanding of how risk management is related to supply chain management. To introduce the subject, risk ...

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