Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management uses analogies and dozens of case histories to describe the risk parasite that infects all supply chains while revealing methods to neutralize that parasite.
"The book’s tagline reads The 10 Essential Laws of Supply Chain Risk Management and what Gary Lynch is trying to convey is that there are certain basics every manager should know, understand, and act upon. Lynch breaks down Supply Chain Management into ten basic laws, neither founded in academic theories or mathematical formulas, but simple basic principles that anyone can appreciate." Husdal
The attitude one has towards their business and towards their success or failure is a key component to lead a happy entrepreneurship and successful life. Entering an entrepreneurship can be and is a scary road trip for most, and never did it guarantee instant success. But those who come out strong
You’ve probably seen this phenomenon in your family or friends, or maybe even within yourself, where the fears don’t seem to match the facts. Sometimes we’re more afraid of what the scientific evidence suggests are relatively small risks, but quite often, we aren’t afraid enough of the risks that the evidence
Risk Management methods are many and are fairly new. They are growing in popularity. Some are well-established and highly regarded. Some take a very soft qualitative approach and others are rigorously quantitative. When such methods are measured rigorously, they don't appear to work. The answer for the second question is also
Any chief executive whose ship is sinking, with the lights dimming and music fading, is likely to ask, “How did this happen? How did I allow myself and my company to end up like this?” Directors of once great companies also find themselves asking similar questions. “Did I and my fellow
If you apply the rules of organizational supply chains to your own behavior, you reduce your own and your organization’s risks.
A ripple effect of missing a logistics target never diminishes in severity; it always increases as it spreads throughout your supply chain.
Logistics management is about moving information, people, and goods in the most effective and efficient means possible.
Invisible problems are easily ignored, but they are all too real in many cases, & manufacturing-level supply chain risks are a good example.
The entire business model that is supported by the extended supply chain must be included in the scope of the analysis.
Supply chains are extremely vulnerable and volatile, because demand is ultra-sensitive to both perceived and real threats.
While the supply chain is everything, it can also be nothing without a dynamic, effective, and insightful series of initiatives.
The three-pronged attack—Define, Narrow, Act—has to be applied systematically on multiple tiers of your and your supplier’s organization.
It is important to say: the internal priorities are established once the external stakeholders set their risk expectations.
When managing supply chain risk, the organization has little say in setting risk thresholds and priorities.
A risk paradigm set by stakeholders rather than the organization yields more aligned, efficient & resilient supply chain risk management.
Managing supply chain risk would be an easy task if we could control what, when, and how change takes place.
Rapid change, accompanied by competitive demand and supply market, is constant, persistent, relevant, and dramatic.
Details are needed to understand and manage risk in the flow of products, services, information, and cash.
Understanding how big an impact the issue might present and gauging an appropriate response can help you navigate around most losses.
Bad decisions are made without accurate or relevant information, significantly influenced by emotion and not made fast enough.
The concept of allowing individual assembly line workers to bring the whole line to a grinding halt because they see a flaw is culturally revolutionary.
Supply chain risk management begins with awareness, a consciousness that everyone is part of an endless stream of supply chains.