The Supply Chain Risk Management

Abstract

The article considers current approaches of risk-management in supply chains, the main steps of the risk management process are analyzed and detailed both for a separate enterprise – participant of supply chain, for the supply chain in general, and for the Beer game, based on the international risk management standards. The article provides a way to assess the risks of the «producer» in the Beer game according to the three strategies of its behavior, which presumably can correspond to different degrees of uncertainty in the decision making. On the example of the Beer game, which is a simplified representation of a real supply chain, it is confirmed that the level of the researched logistical risks associated with the overstocking of warehouse and non-fulfillment of orders depends on the awareness of persons, who make decisions. The results obtained will also be true for real supply chains. In further researches we find it expedient to consider modifications of the Beer game, approaching the real supply chains, with the purpose of studying a wider range of logistical risks, in particular transportation, disruption of supplies for various reasons, etc.

Keywords

• supply chain
• risk
• risk management
• Beer game