managing sypply chain risk

Topics: Risk management, Management, Supply chain management Pages: 563 (129195 words) Published: April 9, 2014
International Series in Operations
Research & Management Science

Volume 172

Series Editor:
Frederick S. Hillier
Stanford University, CA, USA

Special Editorial Consultant:
Camille C. Price
Stephen F. Austin State University, TX, USA

For further volumes:

ManMohan S. Sodhi r Christopher S. Tang

Supply Chain Risk

ManMohan S. Sodhi
Cass Business School
City University
London, UK

Christopher S. Tang
Anderson School of Management
University of California, Los Angeles
Los Angeles, CA, USA

ISSN 0884-8289 International Series in Operations Research & Management Science ISBN 978-1-4614-3237-1
e-ISBN 978-1-4614-3238-8
DOI 10.1007/978-1-4614-3238-8
Springer New York Dordrecht Heidelberg London
Library of Congress Control Number: 2012933784
© Springer Science+Business Media, LLC 2012
All rights reserved. This work may not be translated or copied in whole or in part without the written permission of the publisher (Springer Science+Business Media, LLC, 233 Spring Street, New York, NY 10013, USA), except for brief excerpts in connection with reviews or scholarly analysis. Use in connection with any form of information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed is forbidden. The use in this publication of trade names, trademarks, service marks, and similar terms, even if they are not identified as such, is not to be taken as an expression of opinion as to whether or not they are subject to proprietary rights.

Printed on acid-free paper
Springer is part of Springer Science+Business Media (

Katarzyna Zechenter,
Amelka Sodhi
Richard Paegelow


At the core of the layer-upon-layer creation of every pearl—perfect or not—is an irritating tiny grain of sand. While we cannot claim this book is a valuable gem, we can say for sure that the effort has painstakingly entailed layer-upon-layer of concepts drawn from the surrounding business world: the annoying grit for us has been the idea of trying to understand supply chain risk conceptually. We have been working in the field of supply chain risk since 2004 at least and have co-authored many articles with each other and with others. And our work, rather than remove the grain of sand, simply built up the layers around this grit as we understood supply chain risk a little more each time.

Certainly over time there have been excellent edited books with different authors picking up different aspects of supply chain risk. The same applied to special issues of well-regarded scholarly journals. But as we reviewed these and our own work, we felt there was a need to present supply-chain risk as a whole and that would be possible only with a book.

Once we decided we should write a book, the next question was for whom. Supply chain risk is a nascent field, going back only to the early 2000s. This does not mean there was no risk in supply chains before then, but that supply chain risk began to be identified as a domain of research and practice only around that time. For us, it meant we should definitely target scholars looking to start work in supply chain risk.

However, just like supply chain management, supply chain risk first became a domain of practice than of research. For us, this meant we should definitely target managers if the book is to have any validity: if it does not pass muster with practitioners then perhaps it is not really about supply chain risk. Hence, we decided we would target not only scholars but, importantly, practitioners and senior managers working in risk management or in supply chain chain management. Finally, the question we faced was content and presentation. As academics, we do have access to colleagues who work in risk or in supply chain management. We could draw on risk literature from accounting, actuarial sciences, or finance. However, we did not seem to be able...

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