OPM 691 Supply Risk Management (Fall)

Content

In many industries, the implementation of various efficiency- and/or responsiveness-seeking supply (chain) initiatives has created conditions for supply disruptions to become more widespread and severe. Recent examples have demonstrated that the occurrence of such events can result in substantial losses in shareholder value, sales, production, and reputation for the firms involved.

This module offers an introduction to the timely topic of supply risk management. After a discussion of the key theoretical concepts (risk, disruptions, risk sources, vulnerability) (first part of the module), students are exposed to specific risk management issues in the context of supply chain and purchasing operations (second part of the module). Topics include the different types of supply risks, qualitative and quantitative methods, instruments, and frameworks for risk analysis and monitoring, as well as strategies for managing supply chains under conditions of risk.

Objectives

The main intended learning outcome is a sound understanding of the key concepts and tools relevant to the management of risks in supply (chain) operations. Special emphasis is put on results from empirical research, practical tools, industry applications, and case studies that illustrate concepts and challenges.

Organization

The module consists of lectures as well as in-class discussion of cases. In addition, guest speakers will be a rich source of practical insights.

Details

Teaching team: Prof. Dr. Christoph Bode
Language: English
ECTS: 4
Format and hours per week: 2h lecture (with integrated exercises)
Form of assessment: Written exam + assignments/presentations
Teaching material: There is no mandatory text book. Teaching material, additional readings, and information regarding supplementary text books will be provided in class.