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Supply chain risk management : An idea generator for managing disruption risks in supply chains

Paulsson, Ulf LU (2018) In Publications of the Hazard projects
Abstract
This report presents an idea generator which is intended to be used when searching for new options for handling the disruption risks of the company. The initial step of the search is usually characterized as a “brainstorming session”, i.e. to generate as many risk management options as possible, and preferably untraditional ones. This is where the idea generator may be of great assistance; it consists of 22 different risk handling methods and 8 different risk factors. Together this will create 176 unique risk management options. Not all of them are relevant for the specific case, but many are, and several of these options are new and never thought of before.
The modern society of today is, in many respects, a vulnerable society and to... (More)
This report presents an idea generator which is intended to be used when searching for new options for handling the disruption risks of the company. The initial step of the search is usually characterized as a “brainstorming session”, i.e. to generate as many risk management options as possible, and preferably untraditional ones. This is where the idea generator may be of great assistance; it consists of 22 different risk handling methods and 8 different risk factors. Together this will create 176 unique risk management options. Not all of them are relevant for the specific case, but many are, and several of these options are new and never thought of before.
The modern society of today is, in many respects, a vulnerable society and to a great extent built up round supply chains. In these strictly integrated chains, with a number of often globally dispersed links, there is a constant flow of physical goods, services and also combinations of goods and services. A disruption within any of these flows may very well lead to far-reaching negative consequences.
The private company’s (or organization’s) supply chain and its surrounding environment is exposed to constant changes, which affects its risk picture. It may be difficult to completely avoid being affected by disruptions and disturbances, and perhaps not even desirable, considering the high risk handling costs this probably would require. On the other hand, it is important not to be affected unnecessarily hard, since this of course means a waste of resources. In competitive business activities it is especially important not to suffer worse than the competitors; preferably you should be less affected. Efficient risk management can thus provide a vital competitive advantage.
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author
organization
publishing date
type
Book/Report
publication status
published
subject
keywords
Disruption risk, Domino effects, Flow-based society, Managing disruption risks, Supply chain, Supply chain security, Supply chain risk, Supply chain risk management, Risk handling, Risk management, Vulnerability., disruption risks, idea generation, managing disruption risks, risk factors, supply chain, supply chain security, supply chain risk, supply chain risk management, risk handling, vulnerability
in
Publications of the Hazard projects
pages
20 pages
publisher
University of Turku
ISBN
978-951-29-7203-6
language
English
LU publication?
yes
id
1fb7b7e8-c12d-434b-91fb-f96192718e58
date added to LUP
2018-04-10 17:09:13
date last changed
2018-05-29 10:08:29
@techreport{1fb7b7e8-c12d-434b-91fb-f96192718e58,
  abstract     = {This report presents an idea generator which is intended to be used when searching for new options for handling the disruption risks of the company. The initial step of the search is usually characterized as a “brainstorming session”, i.e. to generate as many risk management options as possible, and preferably untraditional ones. This is where the idea generator may be of great assistance; it consists of 22 different risk handling methods and 8 different risk factors. Together this will create 176 unique risk management options. Not all of them are relevant for the specific case, but many are, and several of these options are new and never thought of before. <br/>The modern society of today is, in many respects, a vulnerable society and to a great extent built up round supply chains. In these strictly integrated chains, with a number of often globally dispersed links, there is a constant flow of physical goods, services and also combinations of goods and services. A disruption within any of these flows may very well lead to far-reaching negative consequences. <br/>The private company’s (or organization’s) supply chain and its surrounding environment is exposed to constant changes, which affects its risk picture. It may be difficult to completely avoid being affected by disruptions and disturbances, and perhaps not even desirable, considering the high risk handling costs this probably would require. On the other hand, it is important not to be affected unnecessarily hard, since this of course means a waste of resources. In competitive business activities it is especially important not to suffer worse than the competitors; preferably you should be less affected. Efficient risk management can thus provide a vital competitive advantage.  <br/>},
  author       = {Paulsson, Ulf},
  institution  = {University of Turku},
  isbn         = {978-951-29-7203-6},
  keyword      = {Disruption risk, Domino effects, Flow-based society, Managing disruption risks, Supply chain, Supply chain security, Supply chain risk, Supply chain risk management, Risk handling, Risk management, Vulnerability.,disruption risks,idea generation,managing disruption risks,risk factors,supply chain,supply chain security,supply chain risk,supply chain risk management,risk handling,vulnerability},
  language     = {eng},
  pages        = {20},
  series       = {Publications of the Hazard projects},
  title        = {Supply chain risk management : An idea generator for managing disruption risks in supply chains},
  year         = {2018},
}