SUPPLY CHAIN RISK MANAGEMENT

The supply chain management field is one of the fastest growing fields in our economy, given the heavy growth in international trade as a means to access outsourced production opportunities to lower costs and the growth in information technology to coordinate supply chains. However, this opportunity to lower costs entails significant risks, such as tsunamis, earthquakes, political unrest, and economic turbulence. This book discusses risks in supply chain management, followed by graphic and quantitative tools (risk matrices, selection methods, risk simulation modelling, linear programming, and business scorecard analysis) to help manage these risks.