Comments on: Highlights from Supply Chain World North America- Part 3: Supply Chain Risk Measurement http://www.theferrarigroup.com/supply-chain-matters/2008/03/25/highlights-from-supply-chain-world-north-america-part-3-supply-chain-risk-measurement/ Bob Ferrari's Blog on Supply Chain Business Process and Technology Thu, 03 May 2012 15:15:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew Downard http://www.theferrarigroup.com/supply-chain-matters/2008/03/25/highlights-from-supply-chain-world-north-america-part-3-supply-chain-risk-measurement/comment-page-1/#comment-8 Andrew Downard Wed, 02 Apr 2008 00:53:19 +0000 http://www.theferrarigroup.com/supply-chain-matters/?p=20#comment-8 The missing bit in the SCOR definition in my view is that it focuses on Risk and quantification. In many Supply Chains the issue is Uncertainty, this covers events where you don't have data on the potential disruption, it may or may not happen and it falls into the "... unknown unknowns .." or what ever that US politician was trying to say. The response to uncertainty is often best left as "hardening up" the organisation so you are more resilient and being agile enough to respond when the uncertainty turns into a quantifiable risk event. Using $ to get senior management buy in is a great approach which Martin Christopher at Cranfield also came up with a few years ago. The trick to communication is to use language the target will understand The missing bit in the SCOR definition in my view is that it focuses on Risk and quantification. In many Supply Chains the issue is Uncertainty, this covers events where you don’t have data on the potential disruption, it may or may not happen and it falls into the “… unknown unknowns ..” or what ever that US politician was trying to say. The response to uncertainty is often best left as “hardening up” the organisation so you are more resilient and being agile enough to respond when the uncertainty turns into a quantifiable risk event.

Using $ to get senior management buy in is a great approach which Martin Christopher at Cranfield also came up with a few years ago. The trick to communication is to use language the target will understand

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