Q2. What are the future works in this paper?
The authors have argued that a new priority has emerged for business planning.
Q3. What has caused disruptions to supply chain activities?
Natural disasters, industrial disputes, terrorism, not to mention the spectre of war in the Middle East, have all resulted in serious disruptions to supply chain activities.
Q4. What is the pre-requisite for improved supply chain resilience?
A fundamental pre-requisite for improved supply chain resilience is an understanding of the network that connects the business to its suppliers and their suppliers and to its downstream customers.
Q5. What is the definition of a network-wide concept?
17It will be apparent that since supply chain vulnerability is by definition a networkwide concept, the management of risk has to be network-wide too.
Q6. What is the importance of a supply chain risk management team?
Its implications extend beyond process redesign to fundamental decisions on sourcing and the establishment of more collaborative supply chain relationships based on far greater transparency of information.
Q7. What is the key to a supply chain’s resilience?
the strategic disposition of additional capacity and/or inventory at potential ‘pinch points’ can be extremely beneficial in the creation of resilience within the supply chain.
Q8. What is the purpose of the paper?
The work presented in this paper forms part of the wider body of research, funded by the UK’s Department for Transport, which aimed to increase the resilience of economic activity to all manner of potential threats [5].
Q9. What is the role of the supply chain risk management team?
22A supply chain risk management team should be created within the business and charged with regularly updating the supply chain risk register and to report to the main Board through the supply chain director on a least a quarterly basis.
Q10. What is the commonly used term in the context of supply chain management?
It is also regularly applied (particularly in the context of purchasing) to describe the management and performance monitoring of an organisation’s supplier base, through quality improvement initiatives, involvement in new product introductions, promotions and overall cost reduction.
Q11. What is the focus of recent additions to this body of work?
The emphasis of recent additions to this body of work is largely, though not exclusively, on the management of commercial risk principally in manufacturing industries [13].
Q12. What was the impact of the acquisition on the major customer?
When chassis manufacturer UPF-Thompson became insolvent at the end of 2001, the impact upon its major customer was sudden and severe.
Q13. What was the effect of the injunction on the production of the Discovery?
Land Rover faced the very real possibility of having to shut down production of the Discovery until a temporary injunction was secured granting the car-maker a shortterm reprieve.