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Wiley

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

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Description

Over the past decade organizations have faced relentless customer demand for better value at less cost, individual customization, greater choice, faster delivery, higher quality, exceptional service, and more recently – increased environmental and social consciousness. The organization’s weapon of choice to address this increasing demand has been the supply chain. However, as the supply chain footprint changed (e.g. outsourcing, off-shoring and customer/vendor empowerment) so did the organization’s exposure to uncertainty. Organizations were taken by surprise since this exposure was unanticipated, complex and beyond their ability to manage. As customers become more demanding and change occurs at an even greater pace, supply chain risk continues to propagate like a parasite. Organizations and societies are at much greater risk of systemic failure because of the massive interdependency throughout global supply chains. The priority now is two-fold; play catch-up and address these massive gaps while deploying more intelligent and integrated strategies (i.e. social aware, instinctive, dynamic and predictive) for dealing with continuous change. Single Point of Failure: The 10 Essential Laws of Supply Chain Risk Management uses analogies and dozens of case histories to describe the risk parasite that infects all supply chains while revealing methods to neutralize that parasite. The book addresses the questions: What are the "single points of failure"? How exposed are customers, investors, other stakeholders and ultimately the organization? What is the measurable impact (i.e. brand, financial, strategic, and non-compliance)? Who establishes the "risk paradigm"? How does the organization efficiently and effectively allocate precious resources - time, people, management attention, and capital? How is success measured? This book is both technically powerful and effectively realistic, based on today's complex global economy. Read more

Publisher ‏ : ‎ Wiley; 1st edition (November 2, 2009)


Language ‏ : ‎ English


Hardcover ‏ : ‎ 320 pages


ISBN-10 ‏ : ‎ 0470424966


ISBN-13 ‏ : ‎ 64


Item Weight ‏ : ‎ 1.13 pounds


Dimensions ‏ : ‎ 6.35 x 1.08 x 9.3 inches


Best Sellers Rank: #680,569 in Books (See Top 100 in Books) #114 in Risk Management (Books) #213 in Managerial Accounting (Books) #267 in Accounting (Books)


#114 in Risk Management (Books):


#213 in Managerial Accounting (Books):


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Top Amazon Reviews

    • Still the best book for business interruption analysis
To my mind this is the best book out there on business risk management. Not only does the author give blow by blow accounts of missteps that in some cases were deadly but he explains in fine detail the process by which one can avoid these errors. The subject is complex: the Thai flood zone, Fukushima, and now the Volkswagen implosion (not covered in this book). In the first two cases the single point of failure was pretty obvious - ** in hindsight**. In the latest disaster, one is looking ultimately at the culture of one of the largest companies in the world. That makes the notion of "single point of failure" incredibly difficult not only to analyze but to repair. How would a compliance or risk officer approach Herr Winterkorn with this "little issue I've been thinking about" ? ... show more
Reviewed in the United States on October 7, 2015 by Dr. T. West
    • Excellent primer on supply chain risk management
I'm an incoming student to Syracuse University's MS program in supply chain management and read this book as a refresher/primer on supply chain risk management. The author covers a lot of material efficiently (though his prose is often repetitive). The book also incorporated several good case studies. Both the novice and the experienced professional could get something out of this. ... show more
Reviewed in the United States on June 2, 2014 by Cory A. Sanderson
    • Well done!
Very easy to read and absorb much usable information that can be readily applied to drive immediate resuts. Practical and not theory so it is very useful for us worker bees that want information that can quickly be applied and make a difference. One of the most usable books I've read in many years; great job Gary! ... show more
Reviewed in the United States on July 26, 2013 by thomas w bower
    • Five Stars
Great Seller responsability!!! Totally recommended!!!
Reviewed in the United States on November 26, 2014 by jeffreyquinterom
    • Single Point of Failure
For those of us who make our living as Supply Chain practitioners, we know it there are a miriad of things that have the potential to create caos and disruption in today's global supply chains. The book was well written, and presented the issues in a well thought out manner. I would recommend it as a read. ... show more
Reviewed in the United States on January 20, 2013 by Frank Sawinsky
    • Anyone in Business Should Read this Book
On a whim, I read this book looking for a little insight into the supply chain of my small business. I thought, at first, it wouldn't apply to me, but perhaps I could pick up a few tips here and there. I have to admit, I've ready every word with enthusiasm! Even if you have a very small business or are not all that savvy when it comes to understanding the big picture of the supply chain, I encourage you to read this book. My thinking was all wrong; Demand side drives my supply chain, and just because I build it, doesn't mean they'll come. Hey, this isn't a book only for geniuses, captains of industry, supply chain managers, or large corporate leaders (although, I know a lot of them who should read this!), it's for everyone--in your company or who owns a company. Thank you, Mr. Lynch, for writing this well-appointed and easy to understand book. You've helped me immensely. ... show more
Reviewed in the United States on December 23, 2015 by Buzzin' Bunny
    • an essential guide
As a supply chain professor who teaches the subject, I have been looking for a book that is thorough, has a solid conceptual framework and is very practical to address the learning requirements of 30-35 year old MBAs that I teach. This is the book I have been looking for. I spent part of my Christmas immersed in the book's rich philosophy, deep executive perspectives and the globe-spanning case examples the author uses to illustrate the core concept of risk as a virus constantly evolving to attack the supply chain. Given the dynamic and multi-faceted nature of this threat (which he so vividly presents), it is entirely appropriate that a major emphasis in the text is on methods for generating and diffusing risk awareness throughout the organization. The sense of urgency conveyed in the book is directly linked to the vast experience with hundreds of organizations that the author brings. he has seen it firsthand. The essential laws of supply chain risk management contained in the chapters all seek to to address the goal of getting the organization to acknowledge risk, create a "risk paradigm" for its specific business that defines the organization's risk drivers and stakeholder expectations and pushes managers to break through inertia and take action. Taking action is the key for survival in a global economy that the author describes as still tenuous and fragile in its trade relationships across the supply chain. This is a text not only for students but for executives in international businesses who want to get ahead of the risk curve and get ready for that next inevitable shock. ... show more
Reviewed in the United States on January 12, 2010 by Sandor Boyson
    • Intelligent, useful guidebook on managing and minimizing supply chain risk
The captain of the Titanic ignored at least five warnings that unusual conditions in the Gulf Stream made it dangerous to steam at high speeds through the North Atlantic - if only he had paid attention. CEOs usually don't seek or receive advance alerts of the looming icebergs that could affect their supply chains, the interconnected links that enable companies to move raw materials to production facilities and thence to customers. Now, you can be prepared, thanks to supply chain risk management expert Gary S. Lynch, who details the 10 best ways to manage and mitigate supply chain risk. getAbstract recommends his insights - despite a peppering of jargon - to executives handling all aspects of corporate life, including risk, manufacturing, compliance, operations, logistics, outsourcing, procurement and security. ... show more
Reviewed in the United States on August 2, 2012 by Rolf Dobelli

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