CIE337 Supply Chain Risk Management Syllabus:
CIE337 Supply Chain Risk Management Syllabus – Anna University Regulation 2021
COURSE OBJECTIVES:
• To understand risk management definition & principles in the context of commercial management.
• To understand Risk identification and assessment − techniques and tools & Development and justification of risk-driven management decisions.
• To understand supply chain risk management, vulnerability and develop risk response strategies
• Developing an understanding of basic principles of Risk management processes, procedures & Risk analysis techniques.
• To understand how implementation of supply chain risk management strategies can be effective by industry based real world case studies and scenarios illustrating macro and micro-level risks, and approaches to their management.
UNIT I INTRODUCTION TO RISK MANAGEMENT
Concept of risk, definition of risk management, levels of risk management within organization, Relationship of risk to possible losses and gains, Concept of Risk and Uncertainty & the Sources, Concept of Risk in terms of Uncertainty, Probability Effect & Outcome, risk and uncertainty: basic concepts, Risk and uncertainty, origin of risk, Typical risk Parameter, Steps in Defining and Measuring Risk, uncertainties, types of uncertainty
UNIT II SOURCES OF RISK
Sources of risk, typical Sources of Risk to Business for projects & products- Project Risk Global risk, Elemental Risk, Holistics Risk, Static Risk, Dynamic Risk, Inherent Risk, Contingent Risk, Customer Risk, Fiscal/Regulatory Risk, Purchasing Risk, Reputation/Damage Risk, Organizational Risk, Interpretation Risk, IT risk, OPEC Risk, Process Risk, Heuristic Risk, Decommissioning Risk, Institutional Risk
UNIT III SUPPLY CHAIN RISK MANAGEMENT – I
Supply Chain Risk Management: Defining Enterprise Risk Management & Supply Chain Risk Management, reasons for focus on Supply Chain Risk Management, Some Important Risk Concepts: risk event, Risk Exposure and Vulnerability, Risk Resilience, Risk Appetite, Risk Analysis or Assessment, Risk Response Plan, Risk Compliance, Risk Governance, Generic Risk Management Approaches: Risk Mitigation, Risk Avoidance, Risk Prevention, Risk Acceptance, risk sharing.
UNIT IV SUPPLY CHAIN RISK MANAGEMENT – II
Pillars of Supply Chain Risk Management- Supply Risk, Process Risk, Demand Risk, Environmental Risk. SCOR
model – components- Advantages and disadvantages of SCOR model – SCOR model for supply chain risk management.
UNIT V SUPPLY CHAIN RISK MANAGEMENT ENABLERS
Linking Supply Chain Risk Management and Supply Chain Strategy, Integrating Risk Management with Commodity Strategy Development, Strategic Risk, Hazard Risk- First-Party Commercial Property Insurance Cargo Insurance, Cyber Insurance, Financial Risk, Operational Risk- supply & demand risk, Integration of ISO 31000:2009 and Supply Chain Risk Management, ISO 31000:2009 Enterprise and Supply Chain Risk Management.
TOTAL: 45 PERIODS
COURSE OUTCOMES:
CO1. To understand the concept of risk, uncertainty & risk parameters in the context of commercial management.
CO2. To develop a capacity to critically review the principles and applications of risk and vulnerability management in the context of commercial environments.
CO3. Analyze risk assessment and mitigation strategies in specific situations.
CO4 To apply SCOR model for supply chain risk management.
CO5. Describe supply chain risk management strategies to implement and monitor appropriate management techniques relevant to specific situations
TEXT BOOKS
1. Bret Wagner, Sime Curkovic & Thomas Scannell(2016) “Managing Supply Chain Risk” CRC Press
2. Gregory L. Schlegel & Robert J. Trent(2015) “Supply Chain Risk Management- An Emerging Discipline” CRC Press, ISBN: 978-1-4822-0599-2
REFERENCES
1. ManMohan S. Sodhi & Christopher S. Tang,(2012) “Managing Supply Chain Risk, Springer.
2. Robert B. Handfield & Kevin Mc Cormack(2008) “Supply chain risk management” Auerbach Publication.
3. Rolf G. Poluha(2007) “Application of the SCOR Model in Supply Chain Management”Cambria Press