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Essentials of Inventory Management, 2nd Edition by Max MULLER

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CHAPTER 7BASICS OF SUPPLY CHAIN RISK MANAGEMENT

Supply Chain Management (SCM) is a set of procedures and protocols utilized to integrate suppliers and their suppliers, manufacturers, warehouses, and retail stores to enable merchandise to be produced and distributed with the right quality, in the right quantities, to the right locations, at the right times, in order to eliminate or minimize system-wide costs, while satisfying service-level requirements.

Supply Chain Risk Management (SCRM) deals with the risks associated with supply chains that may stretch from Tasmania to Tacoma.

The objective of this chapter is to identify and address some of the significant risks associated with SCM.

SCM in a Perfect World

In a perfect world (which, of course, ...

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