Supply_Risk_Management(很好的学术报告模板).pptVIP

Supply Risk Management: Financial Subsidies, Competition, and Asymmetric Information Volodymyr (Vlad) Babich Industrial and Operations Engineering University of Michigan Outline Supply Risk Management Definition Examples Risk Management Tools Financial Subsidies Asymmetric Information Competition Challenges and Opportunities Supply Risk Management. Definitions Supply Risks. Causes Natural disasters and pandemics Nokia vs. Ericsson 2000 ($400m. loss) Aisin Seiki and Toyota 1997 Hurricane Katrina 2005 Taiwan Earthquake 1999 (Dell vs Apple) Bankruptcies UPF-Thompson (chassis) and Land Rover (Discovery model) 2001 Delphi 2005 Labor strikes California dockworker strike 2002 (retail goods shortage) Terrorism 9/11 (trucks delayed on Canadian border) Economy-wide financial shocks Bank runs IT failures and disruptions Changes in laws and regulations Fraud and human error Supply Risks. Consequences Hendricks Singhal (2003, 2005a, 2005b) Declining operating performance 7% decline in sales growths, 11% increase in costs, 13% increase in inventories Declining market value (stock price) – 10% abnormal return over two days following the announcement; – 40% abnormal return over 3 years Supply Risks Management Tools Process improvement (risk culture) Risk assessment, due diligence and monitoring Chief Risk Officer and Risk Departments Contingency planning and training Collaboration with suppliers Insurance Finance Economic capital Financial securities (traded and OTC) Subsidies to suppliers Operations Internal fabrication Higher inventory Flexible production Multi-sourcing and back-up suppliers Marketing Demand management (CRM) Product design Modular product design Infrastructure investments Supply Risks Management Tools. Main Drivers Process improvement (risk culture) Risk assessment, due diligence and monitoring Chief Risk Officer and Risk Departments Contingency planning and training Collaboration with suppliers Insurance Finance Economic capital Financial securities (trade