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The risk management process and the supply chain security

Paulsson, Ulf LU (2018) In Publications of the Hazard projects
Abstract
In this report the risk management process is presented as consisting of 14 different steps and each step is described and discussed. Also widened aspects on the risk management process are treated, as well as the economic significance.
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... (More)
In this report the risk management process is presented as consisting of 14 different steps and each step is described and discussed. Also widened aspects on the risk management process are treated, as well as the economic significance.
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., sisruption risks, managing disruption risks, securer flows, supply chain, supply chain security, supply chain risk, supply chain risk management, risk handling, eisk handling process, risk management process, vulnerability
in
Publications of the Hazard projects
pages
22 pages
publisher
University of Turku
ISBN
978-951-29-7198-5
language
English
LU publication?
yes
id
cdb75a2d-60b5-4a3e-8bbc-f46cf470503b
date added to LUP
2018-04-10 17:12:51
date last changed
2018-05-29 11:58:57
@techreport{cdb75a2d-60b5-4a3e-8bbc-f46cf470503b,
  abstract     = {In this report the risk management process is presented as consisting of 14 different steps and each step is described and discussed. Also widened aspects on the risk management process are treated, as well as the economic significance. <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         = {978-951-29-7198-5},
  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.,sisruption risks,managing disruption risks,securer flows,supply chain,supply chain security,supply chain risk,supply chain risk management,risk handling,eisk handling process,risk management process,vulnerability},
  language     = {eng},
  pages        = {22},
  series       = {Publications of the Hazard projects},
  title        = {The risk management process and the supply chain security},
  year         = {2018},
}