This book provides a methodology, grounded in prior research, for analyzing supply chain vulnerabilities and determining appropriate strategic sourcing approaches firms can adopt for managing risk and ensuring supply chain resilience.

Chapter 1: Strategic Sourcing as an Enabler Of Supply Chain Risk Management.- Chapter 2: Supply Chain Risk and Organization Vulnerability.- Chapter 3: Decision Analysis Techniques in Supply Risk Assessment.- Chapter 4: Managing Supply Chain Risk During the Strategic Sourcing Process.- Chapter 5: Beyond Strategic Sourcing.

This book provides a methodology, grounded in prior research, for analyzing supply chain vulnerabilities and determining appropriate strategic sourcing approaches firms can adopt for managing risk and ensuring supply chain resilience. Supply chain risk affects firms in a multitude of ways. The detrimental results of failing to manage supply chain risk includes, but is not limited to, disruptions that lead to the inability of firms to meet customer requirements, increased costs due to holding excessive inventory, paying employee overtime and expediting orders, financial losses due to increases in commodity prices and unfavorable exchange rates, and tarnishing firm reputation due to poor performance. Although supply chain risk can detrimentally affect firms in many ways, there are approaches organizations can implement for identifying, assessing, and managing risk in order to foster resiliency. This work focuses on strategic sourcing approaches for identifying, assessing and managing supply chain risk. It provides readers with insight into strategic sourcing and risk management approaches for managing supply chain risk and attaining resilience and will appeal to researchers in supply chain management, sourcing, and procurement. George A. Zsidisin is the John W. Barriger III Professor at the University of Missouri-St. Louis, USA. His research focuses on how firms assess and manage risk associated with supply disruptions and price volatility in their supply chains. Barbara Gaudenzi is Associate Professor in Supply Chain Management and Risk Management at the Department of Management at the University of Verona, Italy. She is Director of RiskMaster and LogiMaster at the University of Verona. Her research interests are, in particular, supply chain management, supply chain risk management, resilience and cyber risk in supply chains. Roberta Pellegrino is Associate Professor in Management Engineering at Department of Mechanics Mathematics and Management, Polytechnic University of Bari, Italy. Her main research interests are on supply chain risk management and resilience, public-private partnership, real options theory and other topics in the field of management engineering.

“In recent years supply chain risk management has moved much higher up the agenda in corporate boardrooms around the world. Of the many sources of risk that surround the business today one of the most critical lies in the firm’s supply base. This timely book addresses the challenge of managing upstream risk through a more strategic approach to sourcing and provides practical guidance on how better to manage supplier relationships – there are important messages here for all business leaders.”Dr. Martin Christopher, Emeritus Professor of Marketing & Logistics, Cranfield University, UK.  “An up-to-date and practical guide for understanding and actively managing the myriad of supply chain exposures and risks on an end-to-end basis. The authors have created a great risk management tool for veteran sourcing and supply chain managers as well as young professionals just getting started in the business.” Mr. Tony Cabot, President, CPCU Society Europe Chapter; Independent Insurance Advisor “Understanding how to identify and mitigate risk in today’s highly complex environment is a key competency. The authors provide an excellent resource for informing practice and research on how firms can assess and manage supply risk as early as possible during the strategic sourcing process.”    Dr. Wendy Tate, McCormick Endowed Professor of Supply Chain Management, University of Tennessee

Provides a holistic perspective of the myriad tools and approaches to assess and manage supply chain risk Focuses on the supplier-facing perspective of the supply chain, though principles are applicable to most industries Provides real world examples and cases of supply chain risk assessment and management