About The Book:
Type Of file: PDF
File Size: 3.68MB
Pages: 138
Authors: Robert B. Handfield Kevin McCormack
Description:
Type Of file: PDF
File Size: 3.68MB
Pages: 138
Authors: Robert B. Handfield Kevin McCormack
Description:
Managing risk in the supply chain has never been as challenging as it is
today. As more companies have outsourced production to overseas locations,
supply chains have been extended, the number of nodes increased, and the
complexity of the networks has moved exponentially. Whereas in the past,
supply chain managers were mainly concerned with reducing cost, reducing
purchase price variance, and managing inventory, today supply continuity
is the single biggest business driver. Indeed, organizations now recognize
that “preservation of shareholder value” is now of paramount importance.
Witness the impact of major supply chain disruptions on companies such
as Ericsson, Hershey, Apple, Wal-Mart, and a host of other major companies
who rely on timely delivery of products and services to meet customer
needs. Research has also shown that these disruptions can reduce shareholder
value by up to 20 percent overnight, and in some cases, these effects
linger for five or more years.
