Risk Management Of Supply And Cash Flows In Supply Chains

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Risk Management of Supply and Cash Flows in Supply Chains

Author : Jian Li,Jia Chen,Shouyang Wang
Publisher : Springer
Page : 202 pages
File Size : 51,7 Mb
Release : 2011-09-15
Category : Business & Economics
ISBN : 1461405122

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Risk Management of Supply and Cash Flows in Supply Chains by Jian Li,Jia Chen,Shouyang Wang Pdf

Risk management has become an essential issue in supply chain management, from the modeling of the decision maker's risk preference, and the studies on uncertain elements such as demand, supply, price, lead time, etc., to the consideration of more practical background including cash flow constraints, inventory financing and delayed cash payment. In this new volume, the authors provide a framework to study the interaction of various factors related to risk and their influence on supply chain management. The scope of areas covered includes operations management, decision analysis, and business administration. This book focuses on several key issues of risk management in supply chains. Specifically, an analysis framework is presented for studying the supplier selection problem and identifying the optimal sourcing strategy in a one-retailer two-suppliers supply chain with random yields. The optimal sourcing strategy of a retailer and the pricing strategies of two suppliers under an environment of supply disruption are investigated. Besides, the authors study the dynamic inventory control problems with cash flow constraints, financing decisions as well as delayed cash payment. In addition, originating from the annual international iron ore price negotiation, the authors model the bargaining process to deal with the risk of wholesale price in the game analysis context. Within the three perspectives of risk management in supply chains, the modeling of decision maker's risk preference has been extensively studied and many results have been obtained to guide the practice. However, the analysis on the other two kinds of topics is still in its infancy, and needs more efforts from academia. It is thus the ambition and innovation for this book to contribute on risk management in supply chains in the following ways: (1) characterizing the explicit sourcing strategy (i.e., single sourcing or dual sourcing) to deal with supply disruption risk; (2) introducing the concepts of financial risk measurement by incorporating cash flow constraints, inventory financing and delayed cash payment into inventory management models; and (3) providing insights for the iron ore price negotiation to help steel manufacturers handle the risk of price increase.

Supply Chain Finance

Author : Lima Zhao,Arnd Huchzermeier
Publisher : Springer
Page : 183 pages
File Size : 46,5 Mb
Release : 2018-05-02
Category : Business & Economics
ISBN : 9783319766638

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Supply Chain Finance by Lima Zhao,Arnd Huchzermeier Pdf

This textbook presents a coherent and robust structure for integrated risk management in the context of operations and finance. It explains how the operations-finance interface jointly optimizes material and financial flows under intricate risk exposures. The book covers financial flexibility, operational hedging, enterprise risk management (ERM), supply chain risk management (SCRM), integrated risk management (IRM), supply chain finance (SCF), and financial management of supply chain strategies. Both qualitative and quantitative approaches – including conceptualization, theory building, analytical modeling, and empirical research – are used to assess the value creation by integrating operations and finance. “This book provides a comprehensive description of the interactions between finance and operations and of how managers can best make decisions in recognition of these effects.” John R. Birge, University of Chicago“Supply chain finance is an emerging area where innovations can unlock great values to complement the advances in information and physical flows of supply chain.” Hau L. Lee, Stanford University“This book provides an excellent overview of supply chain finance and its most recent advances.” Jan A. Van Mieghem, Northwestern University“This book is indispensable for advanced students as well as practitioners when looking for a pedagogical sound and scientific rigorous approach to Supply Chain Finance.” Ralf W. Seifert, IMD/EPFL“The book advances our knowledge on the interface between operations and finance and provides managerial guidelines for effective risk management in the supply chain.” Xiande Zhao, CEIBS

Handbook of Integrated Risk Management in Global Supply Chains

Author : Panos Kouvelis,Lingxiu Dong,Onur Boyabatli,Rong Li
Publisher : John Wiley & Sons
Page : 497 pages
File Size : 46,9 Mb
Release : 2011-10-26
Category : Business & Economics
ISBN : 9781118115794

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Handbook of Integrated Risk Management in Global Supply Chains by Panos Kouvelis,Lingxiu Dong,Onur Boyabatli,Rong Li Pdf

A comprehensive, one-stop reference for cutting-edge research in integrated risk management, modern applications, and best practices In the field of business, the ever-growing dependency on global supply chains has created new challenges that traditional risk management must be equipped to handle. Handbook of Integrated Risk Management in Global Supply Chains uses a multi-disciplinary approach to present an effective way to manage complex, diverse, and interconnected global supply chain risks. Contributions from leading academics and researchers provide an action-based framework that captures real issues, implementation challenges, and concepts emerging from industry studies.The handbook is divided into five parts: Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers Industrial Applications presents examples and case studies that showcase the discussed methodologies Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices. Handbook of Integrated Risk Management in Global Supply Chains is an essential reference for academics and practitioners in the areas of supply chain management, global logistics, management science, and industrial engineering who gather, analyze, and draw results from data. The handbook is also a suitable supplement for operations research, risk management, and financial engineering courses at the upper-undergraduate and graduate levels.

Risk Management of Supply and Cash Flows in Supply Chains

Author : Jian Li,Jia Chen,Shouyang Wang
Publisher : Springer Science & Business Media
Page : 202 pages
File Size : 43,8 Mb
Release : 2011-09-15
Category : Business & Economics
ISBN : 9781461405115

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Risk Management of Supply and Cash Flows in Supply Chains by Jian Li,Jia Chen,Shouyang Wang Pdf

Risk management has become an essential issue in supply chain management, from the modeling of the decision maker's risk preference, and the studies on uncertain elements such as demand, supply, price, lead time, etc., to the consideration of more practical background including cash flow constraints, inventory financing and delayed cash payment. In this new volume, the authors provide a framework to study the interaction of various factors related to risk and their influence on supply chain management. The scope of areas covered includes operations management, decision analysis, and business administration. This book focuses on several key issues of risk management in supply chains. Specifically, an analysis framework is presented for studying the supplier selection problem and identifying the optimal sourcing strategy in a one-retailer two-suppliers supply chain with random yields. The optimal sourcing strategy of a retailer and the pricing strategies of two suppliers under an environment of supply disruption are investigated. Besides, the authors study the dynamic inventory control problems with cash flow constraints, financing decisions as well as delayed cash payment. In addition, originating from the annual international iron ore price negotiation, the authors model the bargaining process to deal with the risk of wholesale price in the game analysis context. Within the three perspectives of risk management in supply chains, the modeling of decision maker's risk preference has been extensively studied and many results have been obtained to guide the practice. However, the analysis on the other two kinds of topics is still in its infancy, and needs more efforts from academia. It is thus the ambition and innovation for this book to contribute on risk management in supply chains in the following ways: (1) characterizing the explicit sourcing strategy (i.e., single sourcing or dual sourcing) to deal with supply disruption risk; (2) introducing the concepts of financial risk measurement by incorporating cash flow constraints, inventory financing and delayed cash payment into inventory management models; and (3) providing insights for the iron ore price negotiation to help steel manufacturers handle the risk of price increase.

Supply Chain Finance

Author : Wendy Tate,Lydia Bals,Lisa Ellram
Publisher : Kogan Page Publishers
Page : 281 pages
File Size : 46,9 Mb
Release : 2018-12-03
Category : Business & Economics
ISBN : 9780749482411

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Supply Chain Finance by Wendy Tate,Lydia Bals,Lisa Ellram Pdf

Supply Chain Finance is a contributed book looking at the two major perspectives of managing finance across the supply chain. The first is more short-term, focused on accounts payables and receivables. The second is a more overarching perspective, focused on working capital optimization in terms of inventory and asset management. It includes chapters from a variety of research perspectives, as well as from business and policymakers. The authors look at the benefits of the supply chain finance approach including reduction of working capital, access to more funding at lower costs, risk reduction, as well as an increase of trust, commitment, and profitability through the chain. Supply Chain Finance includes theory as well as practical case studies addressing advances in the area of supply chain finance. The editors and contributors look at how to design and implement supply chain finance in supply chains and examine what the future holds for this important area. Online supporting resources include self-test multiple-choice and essay questions for each chapter.

Risk Management in Supply Chains

Author : Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu
Publisher : Routledge
Page : 252 pages
File Size : 50,6 Mb
Release : 2019-09-19
Category : Business & Economics
ISBN : 9781000707557

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Risk Management in Supply Chains by Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu Pdf

The book examines a relatively unexplored issue in supply chain risk management, which is how long companies specifically take to respond to catastrophic events of low probability but high impact. The book also looks at why such supply chain disruptions are unavoidable, and consequently, all complex supply chains are inherently at risk. The book illustrates how companies can respond to supply chain disruptions with faster responses and in shorter lead-times to reduce impact. In reducing total response time, designing solutions, and deploying a recovery plan sooner after a disruption in anticipation of such events, companies reduce the impact of disruption risk. The book also explores the basics of multiple-criteria decision-making (MCDM) and analytic hierarchy process (AHP), and how they contribute to both the quality of the financial economic decision-making process and the quality of the resulting decisions. The book illustrates through cases in the construction sector how this industry has become more complex and riskier due to the diverse nature of activities among global companies.

Supply Chain Risk Management

Author : Gregory L. Schlegel,Robert J. Trent
Publisher : CRC Press
Page : 338 pages
File Size : 44,7 Mb
Release : 2014-10-14
Category : Business & Economics
ISBN : 9781482205978

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Supply Chain Risk Management by Gregory L. Schlegel,Robert J. Trent Pdf

You don’t have to outrun the bear ... you just have to outrun the other guy. Often in business we only have to run a bit faster than our competitors to be successful. The same is true in risk management. While we would always like to anticipate and prevent risk from happening, when risk events do occur being faster, flexible, and more responsive than others can make a world of difference. Supply Chain Risk Management: An Emerging Discipline gives you the tools and expertise to do just that. While the focus of the book is on how you can react better and faster than the others, the text also helps you understand how to prevent certain risks from happening in the first place. The authors detail a risk management framework that helps you reduce the costs associated with risk, protect your brand and reputation, ensure positive financial outcomes, and develop visible, predictable, resilient, and sustainable supply chains. They provide access to a cloud-based, end-to-end supply chain risk assessment "Heat Map" that illustrates the maturity of the chain through the various stages. It should not come as a surprise to anyone that the world is a riskier place than it was just 15 years ago. A survey used to calculate the Allianz Risk Barometer recently concluded for the first time that supply chain risk is now the top concern of global insurance providers. For most organizations this new reality requires major adjustments, some of which will not be easy. This book helps you understand the emerging discipline called supply chain risk management. It explains the relevant concepts, supplies a wide variety of tools and approaches to help your organization stay ahead of its competitors, and takes a look at future directions in risk management—all in a clear, concise presentation that gives you practical advice and helps you develop actionable strategies.

Managing Supply Chain Risk and Vulnerability

Author : Teresa Wu,Jennifer Vincent Blackhurst
Publisher : Springer Science & Business Media
Page : 236 pages
File Size : 41,7 Mb
Release : 2009-08-20
Category : Technology & Engineering
ISBN : 9781848826342

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Managing Supply Chain Risk and Vulnerability by Teresa Wu,Jennifer Vincent Blackhurst Pdf

Managing Supply Chain Risk and Vulnerability, a book that both practitioners and students can use to better understand and manage supply chain risk, presents topics on decision making related to supply chain risk. Leading academic researchers, as well as practitioners, have contributed chapters focusing on developing an overall understanding of risk and its relationship to supply chain performance; investigating the relationship between response time and disruption impact; assessing and prioritizing risks; and assessing supply chain resilience. Supply chain managers will find Managing Supply Chain Risk and Vulnerability a useful tool box for methods they can employ to better mitigate and manage supply chain risk. On the academic side, the book can be used to teach senior undergraduate students, as well as graduate-level students. Additionally, researchers may use the text as a reference in the area of supply chain risk and vulnerability.

Supply Chain Risk

Author : Clare Brindley
Publisher : Taylor & Francis
Page : 218 pages
File Size : 49,7 Mb
Release : 2017-07-05
Category : Business & Economics
ISBN : 9781351896900

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Supply Chain Risk by Clare Brindley Pdf

The impact of technological change, globalization, information and communication technologies and international governmental intervention has radically altered supply chain strategies, operations and risk profiles for most organizations. The challenge facing business and researchers alike is how best to address risk management in this new context. This collection, written by international scholars from the UK, US and Scandinavia, addresses this need by providing the first topical review of these developments and the latest research findings. The findings represent a robust cross-disciplinary view of supply chains, articulating policies and strategies for organizations. The research studies are based on empirical case studies within services and manufacturing in both large and SME organizations. This work is intended to provide the foundation for future research in this expanding area and the impact it has on managing risk within the supply chain.

Supply Chain Risk Management

Author : Donald Waters
Publisher : Kogan Page Publishers
Page : 265 pages
File Size : 40,6 Mb
Release : 2011-10-03
Category : Business & Economics
ISBN : 9780749464264

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Supply Chain Risk Management by Donald Waters Pdf

Vulnerability to sudden supply chain disruption is one of the major threats facing companies today. The challenge for businesses today is to mitigate this risk through creating resilient supply chains. Addressing this need, Supply Chain Risk Management guides you through the whole risk management process from start to finish. Using jargon-free language, this accessible book covers the fundamentals of managing risk in supply chains. From identifying the risks to developing and implementing a risk management strategy, this essential text covers everything you need to know about this critical topic. It assesses the growing impact of risk on supply chains, how to plan for and manage disruptions and disasters, and how to mitigate their effects. It examines a whole range of risks to supply chains, from traffic congestion to major environmental disasters. Highly practical, Supply Chain Risk Management provides a range of useful tables, diagrams and tools and is interspersed with real life case study examples from leading companies, including Nokia, IBM, and BP. The 2nd edition has been completely revised with brand new case studies on the Chilean Mining Disaster and BP oil spill.

Revisiting Supply Chain Risk

Author : George A. Zsidisin,Michael Henke
Publisher : Springer
Page : 463 pages
File Size : 48,5 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9783030038137

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Revisiting Supply Chain Risk by George A. Zsidisin,Michael Henke Pdf

This book offers a bridge between our current understanding of supply chain risk in practice and theory, and the monumental shifts caused by the emergence of the fourth industrial revolution. Supply chain risk and its management have experienced significant attention in scholarship and practice over the past twenty years. Our understanding of supply chain risk and its many facets, such as uncertainty and vulnerability, has expanded beyond utilizing approaches such as deploying inventory to buffer the initial effects of disruptions. Even with our increased knowledge of supply chain risk, being in the era of lean supply chain practices, digitally managed global supply chains, and closely interconnected networks, firms are exposed as ever to supply chain uncertainties that can damage, or even destroy, their ability to compete in the marketplace. The book acknowledges the criticality of big data analytics in Supply Chain Risk Management (SCRM) processes and provides appropriate tools and approaches for creating robust SCRM processes. Revisiting Supply Chain Risk presents a state-of-the-art look at SCRM through current research and philosophical thought. It is divided into six sections that highlight established themes, as well as provide new insights to developing areas of inquiry and contexts on the topic. Section 1 examines the first step in managing supply chain risk, risk assessment. The chapters in Section 2 encompass resiliency in supply chains, while Section 3 looks at relational and behavioral perspectives from varying units of analysis including consortiums, teams and decision makers. Section 4 focuses on examining supply chain risk in the contexts of sustainability and innovation. Section 5 provides insight on emerging typologies and taxonomies for classifying supply chain risk. The book concludes with Section 6, featuring illustrative case studies as real-world examples in assessing and managing supply chain risk.

Managing Commodity Price Risk

Author : George A. Zsidisin,Janet L. Hartley,Barbara Gaudenzi
Publisher : Unknown
Page : 0 pages
File Size : 52,6 Mb
Release : 2016-10-30
Category : Business
ISBN : 1631570633

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Managing Commodity Price Risk by George A. Zsidisin,Janet L. Hartley,Barbara Gaudenzi Pdf

Almost every organization is exposed to financial risk stemming from commodity price volatility. Risk exposure may be direct, from the prices paid for raw materials transformed into products sold to customers, or indirect, from higher energy and transportation costs. The purpose of this book is to provide a range of approaches that organizations can implement and adapt for managing commodity price volatility and reducing their exposure to the financial risks associated with purchased goods and services. This topic is important for supply chain and finance professionals owing to the significant direct financial effects price volatility has on profitability, organizational cash flow, the ability to competitively price products, new product design, buyer-supplier relationships, and the negotiation process. Flexibility, a key competitive capability for managing supply chains, is likewise essential for managing commodity price risk. This book, which contains new content and updated examples relative to our first edition, provides supply chain managers a way to assess their organization's exposure to price risk. Based on the extent of risk and their organizations' risk appetites, supply chain and finance managers can choose from a range of options for effectively managing commodity price risk from direct commodity purchases, as well as exposure to risk from value chain purchases. The book will help supply chain and finance managers to develop and implement effective short- and long-term forecasts and to select the most appropriate risk management strategies for their organizations. Further, the decisions, actions, and policies taken today can significantly affect the options available for managing commodity price risk in the future. The viability and effectiveness of the overall risk management process and respective techniques are discussed, predominately from the buying-firm's perspective.

Managing Supply Chain Risk

Author : ManMohan S. Sodhi,Christopher S. Tang
Publisher : Springer Science & Business Media
Page : 332 pages
File Size : 42,6 Mb
Release : 2012-02-25
Category : Business & Economics
ISBN : 9781461432388

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Managing Supply Chain Risk by ManMohan S. Sodhi,Christopher S. Tang Pdf

“Supply Chain Risk Management is an issue that many companies face and yet few companies know how to deal with it in a systematic and pragmatic manner. While avoiding and reducing supply chain risks are certainly preferable, developing ways to restore and stabilize supply chain operations rapidly after a major disruption is critical for managing global supply chains. Sodhi and Tang present important concepts, frameworks, strategies, and analyses that are essential for managing supply chain risks. Not only does this book suggest some practical ways to work with different partners to manage the risks that are present in a global supply chain, it creates a framework that would enable practitioners to engage researchers to work on this important area.” —Thomas A. Debrowski, Executive Vice President, Worldwide Operations, Mattel, Inc. “When a firm outsources its operations to external suppliers, the firm is vulnerable to major and rare disruptions that can occur at any link in the global supply chain. Because these disruptions rarely occur, few firms take commensurable actions to identify, assess, mitigate and respond to various types of supply chain risks. By introducing frameworks and concepts along with several case studies and a review of academic literature, Sodhi and Tang treat this important subject with practical relevance and academic rigor. This book will bring practitioners and researchers to develop effective and efficient ways to manage supply chain risks.” —Marshall L. Fisher, UPS Professor, Professor of Operations and Information Management and Co-Director of Fishman-Davidson Center for Service and Operations Management, The Wharton School, University of Pennsylvania “This book ties observations in practice to methodologies and research. The rich case examples motivated the approaches and methodologies used to mitigate risks, and in the course of doing so, Sodhi and Tang provided insights on existing and new research opportunities. As a result, this book is highly relevant to both practitioners and academics. Also, the book is also written with management lessons on how risks can be mitigated, and how risks can be contained once disruptions have occurred. As such, it is also a book for management to gain insights and to develop management skills.” —Hau L. Lee, Thoma Professor of Operations, Information and Technology and Director of the Stanford Global Supply Chain Management Forum, Graduate School of Business, Stanford University “As companies have extended their supply chains globally and as the face increasing resource issues, they face a number of new risk challenges. While there are various case studies written about supply chain risks, this book gives a comprehensive treatment of the subject with clarity. The concepts and frameworks developed by Sodhi and Tang in this book would create awareness of this important and yet not well understood subject, and strategies described in this book would stimulate practitioners to develop a holistic approach for identifying, assessing, mitigating, and responding to different types of supply chain risks.” —Nick Wildgoose, Global Supply Chain Proposition Manager, Zurich Insurance​

Supply Chain Risk Management

Author : David L. Olson
Publisher : Business Expert Press
Page : 145 pages
File Size : 51,9 Mb
Release : 2011-11-21
Category : Business & Economics
ISBN : 9781606493311

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Supply Chain Risk Management by David L. Olson Pdf

One of the many outcomes resulting from the explosion of international trade is access to lower cost production opportunities through outsourcing. This phenomenon has increased the importance of supply chains, the information technology needed to coordinate them and the need for this relatively complex enterprise to be exceptionally well-managed. There are obviously many cost benefits to be had from maintaining a strong and far-reaching supply chain. However, this opportunity to lower costs entails significant risks, such as tsunamis, earthquakes, political unrest, and economic turbulence. This book will introduce concepts and examples of risk in supply chain management, followed by an identification and discussion of an array of quantitative tools (selection methods, risk simulation modeling, and business scorecard analysis) to help manage these risks. Many books are appearing that address various aspects of supply chain risks. No other book known to the author addresses this set of modeling tools as a means of managing this risk.

Supply Chain Disruptions

Author : Haresh Gurnani,Anuj Mehrotra,Saibal Ray
Publisher : Springer Science & Business Media
Page : 336 pages
File Size : 43,5 Mb
Release : 2011-09-28
Category : Technology & Engineering
ISBN : 0857297783

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Supply Chain Disruptions by Haresh Gurnani,Anuj Mehrotra,Saibal Ray Pdf

One of the most critical issues facing supply chain managers in today’s globalized and highly uncertain business environments is how to deal proactively with disruptions that might affect the complicated supply networks characterizing modern enterprises. Supply Chain Disruptions: Theory and Practice of Managing Risk presents a state-of the-art perspective on this particular issue. Supply Chain Disruptions: Theory and Practice of Managing Risk demonstrates that effective management of supply disruptions necessitates both strategic and tactical measures – the former involving optimal design of supply networks; the latter involving inventory, finance and demand management. It shows that managers ought to use all available levers at their disposal throughout the supply network – like sourcing and pricing strategies, providing financial subsidies, encouraging information sharing and incentive alignment between supply chain partners – in order to tackle supply disruptions. The editors combine up-to-date academic research with the latest operational risk management practices used in industry to demonstrate how theoreticians and practitioners can learn from each other. As well as providing a wealth of knowledge for students and professors who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management, Supply Chain Disruptions: Theory and Practice of Managing Risk also acts as a ready reference for practitioners who are interested in understanding the theoretical underpinnings of effective supply disruption management techniques.