Developing a process for supply chain risk management
Name
458579588-MIT.pdf
Description
Full printable version
Size
42.26 MB
Format
Adobe PDF
Checksum (MD5)
7b432d36b3213eeaf2baa030f8e84122
Author(s)
Schoerner, Daniel (Daniel Richard)
Advisor(s)
Charles G. Sodini and Roy E. Welsch.
Date Issued
2009
Publisher
Massachusetts Institute of Technology
Abstract
In today's competitive markets, companies look for any advantage they can build over their competitors. A number of companies recognize that supply chain excellence is an opportunity to create such an advantage. A superior supply chain provides manufacturing flexibility, fast on-time delivery, and lower cost products than those of a lesser competitor. Risk management concepts are beginning to be applied to supply chains in ever-broadening scope. Companies reliant on their supply chains now seek innovative ways to manage risk to the supply chain and ensure its smooth operation. Implementing a risk management process for the supply chain can generate long term value for a company by improving continuity of supply and component quality. By identifying risks to the supply of necessary components and then assessing the risk of each component's availability and quality, it is possible to gain a comprehensive understanding of the risk to the supply chain for a given product or product family. This understanding of the risk to the supply chain allows managers to make decisions based on the expected costs and assists them in determining the appropriate risk mitigation activities.
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science; in conjunction with the Leaders for Manufacturing Program at MIT, 2009.
Includes bibliographical references (p. 65).
Subjects
Sloan School of Management.
Electrical Engineering and Computer Science.
Leaders for Manufacturing Program.
MIT Department
Leaders for Manufacturing Program at MIT
Massachusetts Institute of Technology. Department of Electrical Engineering and Computer Science
Sloan School of Management
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