Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management by Gary S. Lynch

Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management



Download Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management




Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management Gary S. Lynch
Language: English
Page: 292
Format: pdf
ISBN: 0470424966, 9780470424964
Publisher:

From the Inside Flap

Single Point of Failure

It is mind-boggling to consider what it takes to produce the products we depend on—critical drugs like blood thinners, plastic-based products such as syringes, isotopes for medical imaging, and milk-based baby formula. Or maybe your livelihood depends on your ability to transport products, on your customers having access to your online order entry system, or on the timely receipt of parts from your suppliers on the other side of the world. The occurrence of a single point of failure—whether a product contamination, labor strike, trade credit crunch, an earthquake, or a health crisis—can interrupt the flow of goods and cause total systemic failure.

Written by internationally recognized industry veteran Gary Lynch, Single Point of Failure: The Ten Essential Laws of Supply Chain Risk Management reveals just that—the ten vital laws to successfully identifying, measuring, mitigating, and financing risk, with guidance for establishing your organization's supply risk management program, avoiding bad decisions, and gathering better information and data to make good decisions.

Here, you'll discover:

How to establish your organization's supply risk management program

Why no risk strategy is a solution for bad decisions

What causes supply chain risk management demand to trump supply

The sourcing strategies that create more risk, not less

Why managing the parts does not equal managing the whole

What the best policy is for knowing what's in your policy

Believing that all is well is a self-deception. You need to continually analyze and evaluate the risks to your supply chains and business networks, determine and learn the root cause of problems, and decide whether you have the proper philosophy, culture, and systems in place to identify, measure, mitigate, and finance risk. Addressing risk from several points of view, Single Point of Failure authoritatively guides you in how to remain agile to avoid risk, be resilient to respond, adapt and absorb risk, develop methodologies that are sustainable to scale, and maintain risk solutions.

From the Back Cover

Praise for Single Point of Failure

"We are in a world where risk is becoming a more central issue for senior management and boards of directors. A fundamental area of risk is in the supply chain of the enterprise. Gary Lynch has brought together his years of experience to provide a comprehensive yet pragmatic approach to understanding and managing supply chain risk. His 'ten laws' provide a blueprint for the effective management of this very critical source of strategic risk."—David A. Nadler, Vice Chairman, Marsh & McLennan Companies

"Single Point of Failure is a must-read book for all executives who are navigating today's risk-rich space that requires them to predict, measure, manage, and tame uncertainty in real time. Lynch offers a unique blend of risk management business theory, macroeconomics considerations, and real-life, vividly described examples, creating unique learning moments and providing thought-provoking insights that, if applied, could ultimately create the difference between planned success or inadvertent failure."
—Francois Nader, Director, President and Chief Executive Officer, NPS Pharmaceuticals, Inc.

"With Single Point of Failure, Mr. Lynch brings supply chain risk to life and makes it accessible to all walks of businesspeople. It's a fast-paced book that crystallizes the key business issues with a rich blend of insight and humour! Essential reading for all levels of business managers!"—James Irwin, Senior Strategic Marketing Manager, Roche

"Lynch captures the dynamics of supply-change management in an effective and comprehensive manner ... identifying numerous risk factors that impact on reputational capital, and are organic and typically embedded within all organizations that face increased globalization and its associated uncertainties ... His suggested strategies provide invaluable guidance concerning how organizations can not only recognize leading indicators that may result in deteriorating profiles associated with quality service and overall corporate social responsibility, but also anticipate potential future mutations in the evolution of risk profiles associated with the supply chain, and implement remediation and ongoing sustainable best practices in proactively addressing and preventing against salient risk parasites."—Jess Boronico, PhD, Dean, School of Management, New York Institute of Technology

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