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Module Code - Title:

MG4181 - SUPPLY CHAIN RISK ASSESSMENT AND FORECASTING

Year Last Offered:

2020/1

Hours Per Week:

Lecture

2

Lab

0

Tutorial

0

Other

8

Private

0

Credits

6

Grading Type:

N

Prerequisite Modules:

Rationale and Purpose of the Module:

Supply chain and manufacturing methodologies such as lean, Just-in-time and outsourced supplier networks have provided major benefit in the value chain but are causing serious concerns too. Organisations are experiencing rapid supply chain expansion with a decentralised supplier base. Although the expanded supplier based supply chain has helped organisations in gaining major cost advantage and market share, it has resulted in a more unstable supply chain. This module aims to provide the supply chain manager with the competencies to cope in this type of environment as follows: • To provide supply chain managers with the tools to cope with the types of disruptions caused by uncertain economic cycles, consumer demands, natural and man-made disasters with in the supply chain process • To explore the nature and risk within an unstable supply chain process. • To understand the impact that supply chain risk has on conducting business operations and the concerns on continuity of manufacturing or service delivery operations • To comprehend the main factors facing both internal and external supply chain risk management • To adopt best practices in supply chain risk management with a focus to minimise the impact on financial strategy and profitability. • To develop an understanding of how to plan and implement a number of broad strategy's for supply chain risk management • To apply Risk Management techniques to a variety of organisations

Syllabus:

Supply Chain & Process Mapping, Geographic Risk Mapping & Country Risk Exposure, Scenario Planning, Risk-Monitoring Dashboard, Root Cause Analysis, International Supply Chains, Forces toward Globalization, The efficient supply chain and the risky supply chain, Anatomy of a supply chain disruption - Thailand floods, Japanese tsunami, Volcanic Ash Cloud, Supply Chain Risk quantification and business continuity planning, Manufacturing example, Healthcare example, Business continuity planning, Best practices in supply chain risks management, What is Supply Chain Risk Management? Evolution of Supplier Development, Review of Research, Publication and Experience in Supply Risk. Key elements of supply chain disruption management. Disruption, Discovery and Recovery. Redundancy, Supply Risk Model, Supply Chain Risk Perspectives, Structuring the Relationships of Supply Risk, Supply Risk Management Road Map

Learning Outcomes:

Cognitive (Knowledge, Understanding, Application, Analysis, Evaluation, Synthesis)

Appreciate the nature and importance of the supply chain within organisations - Comprehend the key theories associated with supply chain management within modern organisations and integrate the basic steps of a risk management strategy - Develop and implement a broad strategy for introducing a risk management strategy with in the supply chain - Analyse supply chain risk management in organisations and its impact upon strategies within an organisation - Critically evaluate key models and theories relating to the supply chain risk management

Affective (Attitudes and Values)

Embrace the supply chain risk management process and synthesise the values of risk within the organisation.

Psychomotor (Physical Skills)

N/A

How the Module will be Taught and what will be the Learning Experiences of the Students:

The underlying theories and concepts will be mainly covered in pre course guided reading and the workshops will focus upon the practical techniques of analysing the need for a supply chain risk process, potential impact of the supply chain risk strategy, and developing a strategic plan for managing the supply chain risk process.

Research Findings Incorporated in to the Syllabus (If Relevant):

Prime Texts:

Khan, Omera & Zsidisin, George (Editors) (2011) Handbook for Supply Chain Risk Management , J Ross Publishing
Wu, Teresa and Blackhurst Jennifer, Vincent (2009) Managing Supply Chain Risk and Vulnerability: Tools and Methods for Supply Chain Decision Makers , Springer

Other Relevant Texts:

Martin Christopher and Hau L. Lee (2001) Supply Chain Confidence , Harvard Business School Novermber 6 2001
Harvard Business School Working Knowledge (2005) Risk and Reward in Supply Chain Management , Harvard Business School August 29, 2005
Harvard Business School Working Knowledge (2003) Supply Chain Risk: Deal With It , Harvard Business School, April 28, 2003

Programme(s) in which this Module is Offered:

Semester - Year to be First Offered:

Module Leader:

Carmel.McGarr@ul.ie