NDLI: Supply base risk assessment and contingency planning in emerging markets

Content Provider	IEEE Xplore Digital Library
Author	Patterson, J.L.
Copyright Year	2007
Description	Author affiliation: Western Illinois Univ. - Quad Cities, Macomb, IL (Patterson, J.L.)
Abstract	With the growing complexity of global sourcing coupled with significant cost reduction initiatives at the individual firm level, supply base managers now reach into emerging markets for the acquisition and procurement of goods and services. The question of managing the risks inherent in sourcing from emerging markets is twofold: 1) What are the common sources of risk? and 2) How can we manage them effectively? Risk is defined here as "the magnitude of exposure to financial loss or operational disruption" and stems from uncertainty in the emerging markets sourcing process. All risk must be evaluated relative to its potential cost exposure and the probability of occurrence. Several generally-accepted contingency management techniques are offered to help global supply base managers and strategic sourcing teams mitigate these potential losses and supply disruptions.
Starting Page	342
Ending Page	347
File Size	1476228
Page Count	6
File Format	PDF
ISBN	9781424404469
DOI	10.1109/EEIC.2007.4562639
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-10-22
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Risk management Uncertainty Contingency management Costs Supply chains Law Cities and towns Procurement Supply chain management Strategic planning Contingency Planning Strategic Sourcing Supply Risk Supply Chain Management Global Sourcing
Content Type	Text
Resource Type	Article

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