Strategic Sourcing: Approaches for Managing Supply Chain Risk (Palgrave Studies in Logistics and Supply Chain Management)

Foreword
Preface
Acknowledgments
About This Book
Praise for Strategic Sourcing
Contents
About the Authors
List of Figures
List of Tables
1 Strategic Sourcing as an Enabler of Supply Chain Risk Management
	1.1 Introduction
	1.2 What Has Changed?
	1.3 Strategic Sourcing Approaches for Managing Supply Chain Risk
	1.4 Putting the Pieces Together
	References
2 Supply Chain Risk and Organization Vulnerability
	2.1 Introduction
	2.2 Global and Organizational Risks: A First View
	2.3 Supply Chain Risk: Toward a Definition
	2.4 Risk Management
		Risk Identification
		Risk Analysis
		Risk Evaluation
		Risk Treatment
		The Cost of Risk (CoR) Indicator
	2.5 Supply Chain Risk Management
		Identifying Key Actors in the Supply Chain
		Defining Key Goals
			Supply Chain Risk Management Framework
			Avoidance
			Postponement
			Speculation
			Hedging
			Control
			Transferring/Sharing Risk
			Resilience and Risk Management in Supply Chains
			Identifying Key Organizations in the Supply Chain
			Formalizing Supply Chain Risk Management and Resilience Strategies
	2.6 Summary
	References
3 Decision Analysis Techniques in Supply Risk Assessment
	3.1 Importance of Assessing Supply Chain Risk
	3.2 Supply Chain Risk Assessment Techniques
	3.3 Qualitative Approaches
		Delphi Method
		Interpretive Structural Modelling (ISM)
	3.4 Quantitative Approaches
		Failure Mode Effects Analysis (FMEA)
		Analytic Hierarchy Processing (AHP)
		Bayesian Networks (BNs)
		Total Cost of Ownership (TCO)
		Real Options Valuation (ROV)
		Monte Carlo Simulation (MCS)
	3.5 Classifying Supply Chain Risk Assessment Techniques
	3.6 Importance of Risk Assessment Techniques
	References
4 Managing Supply Chain Risk During the Strategic Sourcing Process
	4.1 What Is Strategic Sourcing?
	4.2 Techniques for Managing Risk During the Strategic Sourcing Process
		Contracting/Escalation Clauses
		Early Supplier Involvement
		Flexible Manufacturing Systems
		Multiple Supply Sources
		Strategic Alliances and Relationship Management
		Requiring Suppliers to Hold Inventory
		Supplier Development
		Business/Supply Continuity Planning
		Target Costing
	4.3 Influencing Factors
		Power in the Relationship
		Spend Level
		Importance of the Purchase
		Purchasing’s Status in Organization
	4.4 Summary
	References
5 Beyond Strategic Sourcing
	5.1 The 5 P’s of Risk Management
	5.2 Buyer–Supplier Relationships
	5.3 The Benefits and Challenges of Industry 4.0
	5.4 Beyond Strategic Sourcing
	References
Index