Everyone agrees supply chain risk is a growing issue, but how to manage it, that’s the big question. Douglas Kent, principle at eKNOWtion and senior supply chain consultant for Technology Forecasters, offers a preview of new insights into supply chain risk management soon to be spelled out more completely in a white paper by the Supply-Chain Council (SCC).
Specifically, Kent writes, the SCC’s risk management Special Interest Group will offer a new definition of supply chain risk management as a starting point to understand and mitigate risk. The group has taken a further step by proposing a method for measuring risk. Kent says the SCC expects to incorporate the topic of risk in the next release of the Supply Chain Operations Reference (SCOR) Model – version 9.0 due in March 2008.