Posted: May 15th, 2016

how risk might be dealt with in levels 1, 2 and 3 of Peck’s model of the supply chain.

Discuss how risk might be dealt with in levels 1, 2 and 3 of Peck’s model of the supply chain.

Chp 15

Supply Chain Vulnerability, Risk, Robustness and Resilience

INTRODUCTION
In the mid-1990s the subject of supply chain risk or vulnerability would have been of little interest to anyone but professional logisticians and supply chain managers. Even then they would likely have interpreted risk as simply the financial or competitive dis- advantage resulting from a failure to implement ‘best practice’ SCM concepts. But times have changed. It is no longer unacceptable to acknowledge that bad practice may still flourish elsewhere in the network or that even well-managed operations can, and occasionally do, fail. This chapter provides an introduction to the complex, but fascinating subject of supply chain risk, and the related concepts of vulnerability, robustness and resilience.

Chapter 15 comprises five core sections:
-Some working definitions
-Changing times and an uncertain world
-The shortcomings of risk management
-The need for holistic approaches
-A simple framework for a wicked problem