Authors: Vladimir Vikulov, Andrey Butrin
Title: RISK ASSESSMENT AND MANAGEMENT LOGISTICS CHAINS
Keywords: risk management, supply chain risks, optimization of risks, integration risks
Background: In the context of economic globalization and increasing complexity of economic relations enterprises need methods and techniques to improve and sustain their position on the global market. Integration processes offer business new opportunities, but at the same time present new challenges for the management, including the key objectives of the risk management.
Method: On the basis of analysis tools known from the pertinent literature (Supply Chain Management and Supply Chain Risk Management methods, methods of probability theory, methods of risk management, methods of statistics) the authors of this paper proposed their own risk assessment method and the method of management of logistics chains. The proposed tool is a specific hybrid of solutions known from the literature.
Results: The presented method has been successfully used within the frames of economic-mathematical model of industrial enterprises. Indicators of supply chain risks, including risks caused by supplier are considered in this paper. Authors formed a method of optimizing the level of supply chain risk in the integration with suppliers and customers.
Conclusion: Every organization, which starting the process of integration with supplier and customers, needs to use tools, methodologies and techniques for identification of "weak links" in the supply chain. The proposed method allows to fix risk origin places in various links of the supply chain and to identify "weak links" of a logistic chain that may occur in the future. The method is a useful tool for managing not only risks and risk situations, but also to improve the efficiency of current assets management by providing the ability to optimize the level of risk in the current assets management of the industrial enterprise.
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|MLA||Vikulov, Vladimir, and Andrey Butrin. "Risk assessment and management logistics chains." Logforum 10.1 (2014): 5.|
|APA||Vladimir Vikulov, Andrey Butrin (2014). Risk assessment and management logistics chains. Logforum 10 (1), 5.|
|ISO 690||VIKULOV, Vladimir, BUTRIN, Andrey. Risk assessment and management logistics chains. Logforum, 2014, 10.1: 5.|