Supply Chain Risk Management

Introduction

Today’s turbulent environment has put supply chain risk management (SCRM) on top of the strategic agenda in many organizations across industries and sectors. As a result,  SCRM, and more recently the related term supply chain resilience, have become of one of the fastest growing research streams within the SCM field in recent years. Supply chains are increasingly complex, with many interdependent actors crossing organizational and national boundaries. The risk of disruptions increases and SCRM needs to include the whole, global supply chain. Furthermore, because of increasing uncertainty, SCRM depends on a fine balance between flexibility and stability, between various goals, such as social, environmental, and economical sustainability, and between the short and long term perspective. To cope with these challenges, collaborative strategies and practices are often reccommended. However, these come with their own costs and challenges. In other words, SCRM is not a straightforward task to be considered casually.

Course content

• Supply chain risk management (SCRM) – overall concept and framework
• SCRM strategies – traditional and new approaches
• SCRM tools and analytical models – quantitative and qualitative methods
• SCRM in different types of contexts – applications and implications