Supply Chain Risk Management (SCRM) in Project-Based Industries - CANCELLED AUTUMN 2018, RESIT EXAM ONLY
Managing supply chain risk is at the core of any company in today’s business context. Supply chain risk management (SCRM) is one of the fastest growing research streams within operations and supply chain management, and increasingly offered as teaching programs/courses in major business and engineering schools. As the Norwegian industry in line with the global economy increasingly becomes “projectified” (Lundin and Söderholm, 1998), new types of supply chain risks occur, which presupposes new ways of dealing with them. Organizations in project-based industries organize their main value creating activities in projects, from which they derive most of their income. Examples of such organizations include construction companies, oil and gas companies, disaster relief/humanitarian organizations, and organisations/companies organising events and expeditions. The challenges with regard to SCRM in these particular industries relate to the temporary nature of the supply chains feeding the projects with the required activities and resources. Furthermore, the globalization of trade and labour markets means that these temporary supply chains cross not only firm boundaries, but also national borders, accentuating the uncertainty and thus the risks.
The objective of the course is to provide the students with an insight into the challenges of SCRM in project-based industries, particularly but not exclusively, in the Norwegian setting. This includes the identification and assessment of types of supply chain risks, quantifying and prioritising supply chain risks, and strategies and tools for mitigating supply chain risks in different project based contexts.
- Supply chain risk management (SCRM) – overall concept and framework
- Risk identification and assessment
- Approaches for mitigating risks – strategies, tactics, scenario planning
- Responding to risks
- Project-based organizing – characteristics
- SCRM in PBO – what is special?
- SCRM in different project settings
Learning outcome knowledge
(i) To gain knowledge of SCRM in general.
(ii) To gain knowledge of project based industries, particularly in Norway.
(iii) To gain knowledge of the specific SCRM challenges, strategies and techniques in different project-based contexts such as oil and gas, construction (including construction of buildings and infrastructure, ship building and power stations), relief operations, events and expeditions.
- Written assignment: 100%