Managing Supply Chain Risk ─ Integrating With Risk Management

Risk management in supply chain logistics has moved from being a nice-to-have to a necessity due to the number of variables that can cripple a business.Managing Supply Chain Risk: Integrating with Risk Management details the critical factors involved in managing supply chain risk. It discusses how managing supply chain risk can be integrated into Enterprise Risk Management (ERM) applications, focusing on the Committee of Sponsoring Organizations (COSO), Failure Mode Effects and Analysis (FMEA), and International Organization of Standards (ISO) 31000:2009 frameworks.

The book focuses on the structure, implementation, and maintenance of a formal system for managing risks in the supply chain. Using data from firms and supply chain managers, the authors identify which factors have a critical impact on the decision to develop a system for managing supply chain risks and also explain how these factors can influence the level of success. They then detail how you can leverage these factors into a competitive advantage.

However, the success of your supply chain risk management integration requires more than simply creating a new program or department. This major undertaking does not happen in a vacuum, rather it is a response to a number of factors or influences. And these factors can act to pre-condition the firm and its systems to the introduction and acceptance of, and progress on managing supply chain risks. Yet, no book has empirically identified these factors and explained how you can overcome resistance and make managing risks an integral part of your supply chain management. Until now.

Dr. Sime Curkovic is a Professor of Supply Chain Management at Western Michigan University. He received his undergraduate degree in Management Systems from Kettering University and his Ph.D. degree from Michigan State University. Dr. Curkovic has taught several courses in sourcing, operations, logistics, process, environmental, and multinational management. His research interests include environmentally responsible manufacturing, green purchasing, total quality management, supply chain management, and integrated global strategic sourcing. Dr. Curkovic's publications have appeared in theJournal of Supply Chain Management, the IEEE Transactions on Engineering Management, theDecision Sciences Journal, the International Journal of Operations and Production Management, theInternational Journal of Production Research, the Journal of Quality Management, the Journal of Operations Management, and the International Journal of Production Economics. His professional memberships include ASQ, APICS, DSI, INFORMS, ISM, and POMS. Dr. Curkovic's previous work experiences were with General Motors in the midwest, Mexico, and Germany. His dissertation on the relationship between Total Quality Management and Environmentally Responsible Manufacturing has been given the following awards: 1) The APICS Educational Foundation Edward & Marion Plossl Fellowship; 2)The Richard J. Lewis Quality of Excellence Award; and 3) The National Decision Sciences Institute Buffa Doctoral Dissertation. Dr. Curkovic’s previous research and consulting experiences have been with: Denso, Asmo, Dana, Lear, JCI, Steelcase, Benteler, Kellogg, Stryker, Eaton, Whirlpool, GM, Chrysler, Ford, Harley-Davidson, John Deere, Rolls Royce, Borg Warner, Bosch, Honda, Tektronics, and Cargill. Dr. Curkovic is a born U.S. citizen of Croatian descent.

Bret Wagner is an Associate Professor in the management department. He was director of the ISM program from 2004 to 2012, during which time enrollment in the program increased 79% and the Gartner Group ranked the program #5 in the nation. With a Ph.D. in Operations Management from Michigan State and a Master of Engineering Administration from George Washington University, he brings his strength in Production Planning to the ISM program. His research interests are production planning and scheduling and optimization modeling. Bret has spearheaded the SAP initiative at the College of Business. He has received numerous grants to support the initiative and has helped integrate SAP’s software into the ISM curriculum. He is widely sought to provide workshops on using SAP software in business curriculum. He was the first recipient of the Majdi Najm Service Award from the SAP University Alliance. He is the co-author of the bookConcepts in Enterprise Resource Planning and has published research articles inDecision Sciences, International Journal of Operational Research and the Journal of Operations Management.