Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management b

Description: Single Point of Failure by Gary S. Lynch Over the past decade organizations have faced relentless customer demand for better value at less cost, individual customization, greater choice, faster delivery, higher quality, exceptional service, and more recently - increased environmental and social consciousness. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Over the past decade organizations have faced relentless customer demand for better value at less cost, individual customization, greater choice, faster delivery, higher quality, exceptional service, and more recently – increased environmental and social consciousness. The organizations weapon of choice to address this increasing demand has been the supply chain. However, as the supply chain footprint changed (e.g. outsourcing, off-shoring and customer/vendor empowerment) so did the organizations exposure to uncertainty. Organizations were taken by surprise since this exposure was unanticipated, complex and beyond their ability to manage. As customers become more demanding and change occurs at an even greater pace, supply chain risk continues to propagate like a parasite. Organizations and societies are at much greater risk of systemic failure because of the massive interdependency throughout global supply chains. The priority now is two-fold; play catch-up and address these massive gaps while deploying more intelligent and integrated strategies (i.e. social aware, instinctive, dynamic and predictive) for dealing with continuous change. 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 addresses the questions: What are the "single points of failure"? How exposed are customers, investors, other stakeholders and ultimately the organization? What is the measurable impact (i.e. brand, financial, strategic, and non-compliance)? Who establishes the "risk paradigm"? How does the organization efficiently and effectively allocate precious resources - time, people, management attention, and capital? How is success measured? This book is both technically powerful and effectively realistic, based on todays complex global economy. Back Cover SINGLE POINT OF FAILURE It is mind-boggling to consider what it takes to produce the products we depend on--critical drugs like blood thinners, plastic-based products such as syringes, isotopes for medical imaging, and milk-based baby formula. Or maybe your livelihood depends on your ability to transport products, on your customers having access to your online order entry system, or on the timely receipt of parts from your suppliers on the other side of the world. The occurrence of a single point of failure--whether a product contamination, labor strike, trade credit crunch, an earthquake, or a health crisis--can interrupt the flow of goods and cause total systemic failure. Written by internationally recognized industry veteran Gary Lynch, Single Point of Failure: The Ten Essential Laws of Supply Chain Risk Management reveals just that--the ten vital laws to successfully identifying, measuring, mitigating, and financing risk, with guidance for establishing your organizations supply risk management program, avoiding bad decisions, and gathering better information and data to make good decisions. Here, youll discover: How to establish your organizations supply risk management program Why no risk strategy is a solution for bad decisions What causes supply chain risk management demand to trump supply The sourcing strategies that create more risk, not less Why managing the parts does not equal managing the whole What the best policy is for knowing whats in your policy Believing that all is well is a self-deception. You need to continually analyze and evaluate the risks to your supply chains and business networks, determine and learn the root cause of problems, and decide whether you have the proper philosophy, culture, and systems in place to identify, measure, mitigate, and finance risk. Addressing risk from several points of view, Single Point of Failure authoritatively guides you in how to remain agile to avoid risk, be resilient to respond, adapt and absorb risk, develop methodologies that are sustainable to scale, and maintain risk solutions. Flap SINGLE POINT OF FAILURE It is mind-boggling to consider what it takes to produce the products we depend on--critical drugs like blood thinners, plastic-based products such as syringes, isotopes for medical imaging, and milk-based baby formula. Or maybe your livelihood depends on your ability to transport products, on your customers having access to your online order entry system, or on the timely receipt of parts from your suppliers on the other side of the world. The occurrence of a single point of failure--whether a product contamination, labor strike, trade credit crunch, an earthquake, or a health crisis--can interrupt the flow of goods and cause total systemic failure. Written by internationally recognized industry veteran Gary Lynch, Single Point of Failure: The Ten Essential Laws of Supply Chain Risk Management reveals just that--the ten vital laws to successfully identifying, measuring, mitigating, and financing risk, with guidance for establishing your organizations supply risk management program, avoiding bad decisions, and gathering better information and data to make good decisions. Here, youll discover: How to establish your organizations supply risk management program Why no risk strategy is a solution for bad decisions What causes supply chain risk management demand to trump supply The sourcing strategies that create more risk, not less Why managing the parts does not equal managing the whole What the best policy is for knowing whats in your policy Believing that all is well is a self-deception. You need to continually analyze and evaluate the risks to your supply chains and business networks, determine and learn the root cause of problems, and decide whether you have the proper philosophy, culture, and systems in place to identify, measure, mitigate, and finance risk. Addressing risk from several points of view, Single Point of Failure authoritatively guides you in how to remain agile to avoid risk, be resilient to respond, adapt and absorb risk, develop methodologies that are sustainable to scale, and maintain risk solutions. Author Biography GARY S. LYNCH, CISSP, is an Author, Managing Director and Global Leader of Marshs Supply Chain Risk Management Practice. He has contributed to the World Economic Forum (WEF) Global Risks Report, been a speaker on pressing global business risk issues for organizations such as Asia Pacific Economic Cooperation (APEC/Singapore & Australia), Risk and Insurance Management Society (RIMS), the World Customs Organization (WCO/Brussels), and The Wharton School, Center for Risk Management and Decision Processes. He also leads Marshs Global Pandemic Response Center. He works as a management consultant, specializing in helping senior executives solve complex business risk issues. He has developed critical thought leadership and solutions around emerging risk issues, including supply chain risk management and financing, information protection strategies and schemes, value chain risk strategies, cyber/IT-risk, business resiliency and continuity, and pandemic preparedness. He is internationally recognized and has held executive operational and IT risk positions at Booz Allen Hamilton, Chase, Prudential, and Ernst & Young. He is a pioneer in helping companies use his leading-edge methodology to transform their risk management programs. Gary is the author of At Your Own Risk (Wiley) and has appeared on NBC Nightly News, Bloomberg TV, ABC, and CNBC, and has been published in CEO Magazine, Shanghai Business Review, and CIO Insights. Table of Contents About the Author xi Preface xiii Acknowledgments xvii Introduction Getting to the Truth 1 Chapter 1 The Laws of the Laws 9 Laws of the Laws Risk Management Defined Law of the Laws #1: Everyone, without Exception, Is Part of a Supply Chain Law of the Laws #2: No Risk Strategy Is a Substitute for Bad Decisions and a Lack of Risk Consciousness Law of the Laws #3: Its All in the Details Law of the Laws #4: People Always Operate from Self-Interest Indirect and Secondary Impacts What Can You Conclude? Notes Chapter 2 Law #1: If You Dont Manage and Lead Change, You Have to Surrender to It 31 The Risk Wake - Up Call — Planned Change, Unplanned Consequences We Cant Change the Past, but . . . Can We Change the Future? Can You See the Icebergs Ahead? Notes Chapter 3 Law #2: The Paradigm Should Destroy the Parasite: Begin by Defining the Paradigm, Not by Fighting the Parasite 61 The Paradigm in Action Why Does the Organization Need to Identify a Supply Chain Risk Paradigm? Beware! The Paradigm Can Shift without Notice If the Shoe Fits Notes Chapter 4 Law #3: Manage Your Business DNA in a Petri Dish of Evolving Risk 87 Expanding the Risk Awareness Universe Know Your Business—Know Your Surroundings The Keys to Your Risk Kingdom Your Operations Complete Footprint Your Action Plan Notes Chapter 5 Law #4: In Supply Chain Risk Management, Demand Trumps Supply 115 Everyones Customer Building Your Demand-Based Strategy Market and Client Factors to Consider Notes Chapter 6 Law #5: Never Set Up Your Suppliers for Failure 143 Supply Chain Risk Management Program Sourcing Strategies That Create More Risk, Not Less Trust but Verify Notes Chapter 7 Law #6: Managing Production Risk Is a Dirty Job: Focus on Managing the Endless Risk of Manufactured Weakest Links 173 Going Global with the Production of Risk A New Collaborative Effort Why Is Production So Critical? Part Two of the Double Whammy: Labor Notes Chapter 8 Law #7: The Logistics Risk Management Rule: Managing the Parts Does Not Equal Managing the Whole 199 What Is Logistics Risk? Cargo and Warehouse Theft The Piracy Risk Whats at Risk? Single Points of Failure and Aggregate Risk Supply Chains Dont Survive on Product Flows Alone; Information Flows Are Essential In the End Its All about the Priorities and Economics Notes Chapter 9 Law #8: Mitigation: If Supply Chain Risk Management Isnt Part of the Solution, It Will Become the Problem 225 Now What Do I Do? Enter the Risk Intelligent Supply Chain Economic Change—A Catalyst for Redefining Resiliency Management Predisruption At Time of Disruption Postdisruption What Is Risk Mitigation? Notes Chapter 10 Law #9: Financing: The Best Policy Is Knowing Whats in Your Policy 249 Insurance and Its Role in Supply Chain Risk Management Background on Insurance in the Supply Chain Risk Area Current Insurance Solutions and Their Limitations Introducing Supply Chain Insurance: Approach and Challenges Corporate Customer Benefits Arising from Supply Chain Insurance Conclusions What Does the Future Hold? A View from the Insurers Side Notes Chapter 11 Law #10: Manage the Risk as You Manage Your Own: Your Supply Chains Are All Interdependent but Unique 279 Questioning Old Assumptions Personal Laws of the Laws Index 287 Long Description SINGLE POINT OF FAILURE It is mind-boggling to consider what it takes to produce the products we depend on critical drugs like blood thinners, plastic-based products such as syringes, isotopes for medical imaging, and milk-based baby formula. Or maybe your livelihood depends on your ability to transport products, on your customers having access to your online order entry system, or on the timely receipt of parts from your suppliers on the other side of the world. The occurrence of a single point of failure whether a product contamination, labor strike, trade credit crunch, an earthquake, or a health crisis can interrupt the flow of goods and cause total systemic failure. Written by internationally recognized industry veteran Gary Lynch, Single Point of Failure: The Ten Essential Laws of Supply Chain Risk Management reveals just that the ten vital laws to successfully identifying, measuring, mitigating, and financing risk, with guidance for establishing your organizations supply risk management program, avoiding bad decisions, and gathering better information and data to make good decisions. Here, youll discover: How to establish your organizations supply risk management program Why no risk strategy is a solution for bad decisions What causes supply chain risk management demand to trump supply The sourcing strategies that create more risk, not less Why managing the parts does not equal managing the whole What the best policy is for knowing whats in your policy Believing that all is well is a self-deception. You need to continually analyze and evaluate the risks to your supply chains and business networks, determine and learn the root cause of problems, and decide whether you have the proper philosophy, culture, and systems in place to identify, measure, mitigate, and finance risk. Addressing risk from several points of view, Single Point of Failure authoritatively guides you in how to remain agile to avoid risk, be resilient to respond, adapt and absorb risk, develop methodologies that are sustainable to scale, and maintain risk solutions. Details ISBN0470424966 Author Gary S. Lynch Short Title SINGLE POINT OF FAILURE Language English ISBN-10 0470424966 ISBN-13 9780470424964 Media Book Format Hardcover Year 2009 DEWEY 658.7 Illustrations Yes Birth 1958 Edition 1st Subtitle The 10 Essential Laws of Supply Chain Risk Management UK Release Date 2009-11-20 NZ Release Date 2009-11-20 US Release Date 2009-11-20 Pages 320 Publisher John Wiley & Sons Inc Publication Date 2009-11-20 Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Audience Professional & Vocational AU Release Date 2009-10-06 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:16376598;

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