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Business Interruption, Supply Chain & Contingency

Business Interruption, Supply Chain & Contingency
Author: Didier Schütz
Publisher:
Total Pages: 0
Release: 2024-05-02
Genre: Business & Economics
ISBN: 9782957873593

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Black and white illustrations - 2nd edition 2024 - English Business Interruption for an organization that has suffered a direct property loss, failure of the supply chain or any other adverse conditions is far from an emerging risk. It is, rather, a latent risk that emerges regularly in the wake of large-scale events that have world-wide ramifications; natural disasters, nuclear events or even pandemics. We find it hard to imagine a large-scale disaster and to even consider the possible long-term fallout. We tend towards short memories and, above all, staying well within our comfort zones, as illusory as they may be. Wisdom and common sense are thrown to the wind. We are, in fact, quite happy living on top of a ticking time bomb. This updated, and expanded second edition, was written shortly after the COVID-19 lockdown of 2020-21. This book seeks to provide a comprehensive understanding to the reader of the concept and philosophy of Business Interruption and define this and other related topics related to risk engineering and insurance solutions. Above all, this book underlines the need for (and advantages of) a proper and practical Risk Management Policy. Furthermore, the recent COVID-19 pandemic, realized some key risks to an organizations supply chain, something that the vast majority did not account for in their risk assessments. This book considers this recent occurrence and takes stock of the current global supply chain and how the risks involved have been managed. In addition, this edition offers more examples based on situational and empirical cases; what worked and what didn't.


Business Interruption, Supply Chain & Contingency: Concepts, Vulnerabilities, Solutions, Risk Management Perspectives

Business Interruption, Supply Chain & Contingency: Concepts, Vulnerabilities, Solutions, Risk Management Perspectives
Author: Didier Schütz (Dls)
Publisher: Didier Schütz (Dls)
Total Pages: 174
Release: 2020-12-23
Genre: Business & Economics
ISBN:

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Business Interruption for an organization that has suffered a direct property loss, failure of the supply chain or any other adverse conditions is far from an emerging risk. It is, rather, a latent risk that emerges regularly in the wake of large-scale events that have world-wide ramifications; natural disasters, nuclear events or even pandemics. We find it hard to imagine a large-scale disaster and to even consider the possible long-term fallout. We tend towards short memories and, above all, staying well within our comfort zones, as illusory as they may be. Wisdom and common sense are thrown to the wind. We are, in fact, quite happy living on top of a ticking time bomb. An adequate contingency response prepared way in advance is paramount for any organization that wishes to survive an event of such magnitude. Identifying potential scenarios and fully understanding vulnerabilities is vital for success. Once an organization has managed to contain most of its risks, the residual risk can then be transferred to the insurance or financial market. Sophisticated risk transfer solutions do exist but they are, more often than not, poorly understood and/or needlessly complicated. This book is all about giving comprehensive explanations of the concepts underpinning Business Interruption and other related topics as well as the mechanisms and limits of insurance solutions. Above all, this book highlights the absolute need for (and advantages of) a proper and practical Risk Management policy.


Contingency Planning and Disaster Recovery

Contingency Planning and Disaster Recovery
Author: Donna R. Childs
Publisher: John Wiley & Sons
Total Pages: 290
Release: 2003-06-17
Genre: Business & Economics
ISBN: 0471447439

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Improve business efficiency, eliminate day-to-day mishaps, and prepare for the worst-with effective disaster contingency planning Working in lower Manhattan on September 11th, 2001, Donna Childs became keenly aware of the need for small businesses to develop disaster contingency plans and grateful that her own business had implemented such plans and would remain financially sound. Now, with the assistance of IT consultant Stefan Dietrich, she draws upon her unique experience to present proven guidelines for small and midsize businesses to effectively prepare for catastrophes in Contingency Planning and Disaster Recovery: A Small Business Guide. Childs and Dietrich take small business owners through every stage of disaster planning, from preparation to response to recovery. Specific issues addressed include: * What to do if the main office location is not accessible * Getting the business up and running again * Contacting third parties * Handling insurance claims * Adequate insurance for property, business interruption losses, and workers' compensation * Rebuilding an IT infrastructure Successful planning not only can limit the damage of an unforeseen disaster but also can minimize daily mishaps-such as the mistaken deletion of files-and increase a business's overall efficiency. Contingency Planning and Disaster Recovery is the only contingency guide that small business owners need to ensure their company's continued success.


Supply Chain Risk

Supply Chain Risk
Author: Clare Brindley
Publisher: Taylor & Francis
Total Pages: 218
Release: 2017-07-05
Genre: Business & Economics
ISBN: 1351896903

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This collection, written by international scholars from the UK, US and Scandinavia, provides empirical case studies within services and manufacturing in both large and SME organizations. The findings represent a robust cross-disciplinary view of supply chains, articulating policies and strategies for organizations. This work provides the foundation for future research in this expanding area and the impact it has on managing risk within the supply chain.


A Supply Chain Management Guide to Business Continuity

A Supply Chain Management Guide to Business Continuity
Author: Betty A. Kildow
Publisher: HarperChristian + ORM
Total Pages: 221
Release: 2011-01-12
Genre: Business & Economics
ISBN: 0814416462

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A well-monitored supply chain is any business’s key to productivity and profit. But each link in that chain is its own entity, subject to its own ups, downs, and business realities. If one falters, every other link—and the entire chain—becomes vulnerable. Kildow’s book identifies the different phases of business continuity program development and maintenance, including: • Recognizing and mitigating potential threats, risks, and hazards • Evaluating and selecting suppliers, contractors, and service providers • Developing, testing, documenting, and maintaining business continuity plans • Following globally accepted best practices • Analyzing the potential business impact of supply chain disruptions Filled with powerful assessment tools, detailed disaster-preparedness checklists and scenarios, and instructive case studies in supply chain reliability, A Supply Chain Management Guide to Business Continuity is a crucial resource in the long-term stability of any business.


Supply Chain Risk Management

Supply Chain Risk Management
Author: Robert Handfield
Publisher: CRC Press
Total Pages: 134
Release: 2007-12-17
Genre: Business & Economics
ISBN: 1420013300

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The lifeblood of any business is the timely delivery of products and services. In the best possible world, if one plans accordingly, disruptions never occur. However, in the real world, disruptions do and will occur and the best business plans are those that anticipate and prepare for this inevitability, especially when dealing with international s


Supply Chain Risk Management

Supply Chain Risk Management
Author: Gregory L. Schlegel
Publisher: CRC Press
Total Pages: 338
Release: 2014-10-14
Genre: Business & Economics
ISBN: 1482205971

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You don’t have to outrun the bear ... you just have to outrun the other guy. Often in business we only have to run a bit faster than our competitors to be successful. The same is true in risk management. While we would always like to anticipate and prevent risk from happening, when risk events do occur being faster, flexible, and more responsive than others can make a world of difference. Supply Chain Risk Management: An Emerging Discipline gives you the tools and expertise to do just that. While the focus of the book is on how you can react better and faster than the others, the text also helps you understand how to prevent certain risks from happening in the first place. The authors detail a risk management framework that helps you reduce the costs associated with risk, protect your brand and reputation, ensure positive financial outcomes, and develop visible, predictable, resilient, and sustainable supply chains. They provide access to a cloud-based, end-to-end supply chain risk assessment "Heat Map" that illustrates the maturity of the chain through the various stages. It should not come as a surprise to anyone that the world is a riskier place than it was just 15 years ago. A survey used to calculate the Allianz Risk Barometer recently concluded for the first time that supply chain risk is now the top concern of global insurance providers. For most organizations this new reality requires major adjustments, some of which will not be easy. This book helps you understand the emerging discipline called supply chain risk management. It explains the relevant concepts, supplies a wide variety of tools and approaches to help your organization stay ahead of its competitors, and takes a look at future directions in risk management—all in a clear, concise presentation that gives you practical advice and helps you develop actionable strategies.


The Definitive Handbook of Business Continuity Management

The Definitive Handbook of Business Continuity Management
Author: Andrew Hiles
Publisher: John Wiley & Sons
Total Pages: 832
Release: 2010-11-22
Genre: Business & Economics
ISBN: 0470670142

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With a pedigree going back over ten years, The Definitive Handbook of Business Continuity Management can rightly claim to be a classic guide to business risk management and contingency planning, with a style that makes it accessible to all business managers. Some of the original underlying principles remain the same – but much has changed. This is reflected in this radically updated third edition, with exciting and helpful new content from new and innovative contributors and new case studies bringing the book right up to the minute. This book combines over 500 years of experience from leading Business Continuity experts of many countries. It is presented in an easy-to-follow format, explaining in detail the core BC activities incorporated in BS 25999, Business Continuity Guidelines, BS 25777 IT Disaster Recovery and other standards and in the body of knowledge common to the key business continuity institutes. Contributors from America, Asia Pacific, Europe, China, India and the Middle East provide a truly global perspective, bringing their own insights and approaches to the subject, sharing best practice from the four corners of the world. We explore and summarize the latest legislation, guidelines and standards impacting BC planning and management and explain their impact. The structured format, with many revealing case studies, examples and checklists, provides a clear roadmap, simplifying and de-mystifying business continuity processes for those new to its disciplines and providing a benchmark of current best practice for those more experienced practitioners. This book makes a massive contribution to the knowledge base of BC and risk management. It is essential reading for all business continuity, risk managers and auditors: none should be without it.


Total Contingency Planning for Disasters

Total Contingency Planning for Disasters
Author: Kenneth N. Myers
Publisher:
Total Pages: 296
Release: 1993-03-22
Genre: Business & Economics
ISBN:

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As modern organizations grow more dependent on computerized systems and other technologies, it becomes increasingly important that management develop disaster recovery and business continuation programs that minimize damaging disruptions as well as the costs of doing so. Kenneth Myers, one of the world's foremost innovators in the field of contingency planning, now provides you with a time-tested, copyrighted plan development process that you can readily adapt to your own organization to ensure business continuity and cost savings. While other books offer contingency solutions that are difficult to understand and even more costly to implement, Total Contingency Planning for Disasters presents an unusually clear, step-by-step model for developing, testing, and maintaining a cost-effective, long-range strategic plan that can stand up to natural, environmental, and man-made disasters - as well as the scrutiny of auditors. Myers lays the foundation by prompting you to take a good, hard look at your present recovery strategy and consider how well it protects specific business units, how effective it would be in minimizing disruptions in the face of potential disasters and how much it costs. What you'll doubtless discover is that your present plan is only a computer recovery plan that fails to account for other areas of exposure, including telephone communications and vital facilities. What's more, you'll learn that your existing plan overlooks cost-reduction opportunities, that there is a lot of uncertainty about what systems are really critical, and that your plan was probably put together by people other than those who are ultimately going to carry it out. Your next step is to turn to theMyers process, which considers the possible disasters that could befall you and their impact on all the vital aspects of your business - not just computer processing. This book helps you lay out plan objectives, including prevention, safeguarding assets, business continuity, and maintaining market share in the event of a disaster. You'll come to understand what qualities an effective plan must have from flexibility and cost-effectiveness to maintainability and testability. Even more important, you'll learn to gain crucial functional managers support for the plan, without which it simply can't survive. In a highly competitive world where normal, day-to-day battles in the marketplace are tough enough, it's important for you to be ready to deal with major setbacks that could suddenly jeopardize the financial health of your organization. Total Contingency Planning for Disasters is the one time-tested approach that helps you do just that, providing you with a network of practical contingency solutions that will keep your business going while keeping your costs down.