AKTU Risks Management in Supply Chain and Logistics (BMLS402) Syllabus PDF – MBA (Logistics & Supply Chain Management) 4th Semester
Risks Management in Supply Chain and Logistics BMLS402
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- Semester 4
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Syllabus — Risks Management in Supply Chain and Logistics
Download PDFBMLS402 · 3 credits · L-T-P 3-0-0
Course Objectives
- Understand the concepts and principles of risk management in supply chain and logistics
- Develop strategies to identify, assess, and manage various types of risks within the supply chain
- Apply techniques to handle disruptions and ensure continuity in supply chain operations
- Explain the role of supply chains in disaster response and crisis management scenarios
- Evaluate tools and frameworks for building resilient, risk-aware, and adaptive supply chain systems.
Unit 1 : Introduction of Risks Management (8 Hours)
Risk Management: Concept and Process, An Action-Based Framework for Supply Chain Risk, Identification of Operational Hazards, Risk Assessment and Valuation, Tactical Risk Decisions and Crisis Management, Strategic Risk Mitigation, Four Operational Hedging Strategies. Effect of disruptive Supply Chain on Corporate Performance.
Unit 2 Operational Strategy for Managing Supply Chain Risks (8 Hours)
Introduction, Stockpile Inventory, Diversify Supply, Backup Supply, Manage Demand, Ambiguity in Risks. Decentralised Risks Management Strategy. Shared risks 177; Achieving an integrated approach 180; Identifying risks 184; Analysing and responding to risks 185; Problems with integrating SCRM 187; Levels of SCRM integration 190; In summary 192
Unit 3 Managing Supply Chain Disruption (8 Hours)
Economic Risks to Supply Chain-Demand Shock, Currency Fluctuation, Supply Shock, Industrial Unrest, Impacts of Natural Disasters, Pandemics and Climate Change, Societal Risks to Supply chain, Risks and Security in Air Cargo Supply chain, Time-Based Risk Management- Response Time and Impacts, Risk and Reward Considerations.
Unit 4; Approaches to Risk Management (8 Hours)
Identifying Risks and its Types, Tools for Analysing Past Events, Tools to Collect Opinions, Tools to Analyse Operations, Problems with Risks Identification, Conceptual Explanations with Examples, Development of Risk Management Techniques, Supply Chain Risk Management (SCRM) and aims of SCRM. Steps in Risk Management, Principles of SCRM. Supply Chain Management in Disaster Response.
Unit 5 : Creating Resilient Supply Chains (8 Hours)
Concept of Resilient Supply Chain, Principles of Designing a Resilient Supply Chain, Physical Features of a Resilient Supply Chain, Relationships within a Resilient Supply Chain, Risk Compensation and Business Continuity. Latest updates in Resilient Supply Chain.
Course Outcomes
| CO Code | Course Outcome Statement | Bloom’s K-Level |
|---|---|---|
| CO1 | Explain the fundamental concepts and frameworks of risk management in supply chains | Understanding (K2) |
| CO2 | Analyse strategies for managing operational and strategic risks in global supply chains | Analysing (K4) |
| CO3 | Apply appropriate techniques for managing disruptions caused by economic, social, or natural factors | Applying (K3) |
| CO4 | Evaluate risk management approaches and develop mitigation plans using analytical tools | Evaluating (K5) |
| CO5 | Design resilient supply chain systems integrating risk management and continuity planning | Creating (K6) |
Suggested Readings
- Donald Water, Supply Chain Risks Managemnt, (Kogan Pages)
- Omra Khan & George Zsidisn , Handbook for Supply Chain and Risks Management (Meri Pustak
- Yacob Khojasteh, Supply Chain Risk Management: Advanced Tools, Models, and Developments(Springer)
- Bret Wagner, Sime Curkovic, and Thomas Scannell, Managing Supply Chain Risk: Integrating with Risk Management
- Lingxiu Dong, Onur Boyabatli, and Panos Kouvelis, Handbook of Integrated Risk Management in Global Supply Chains(Weily)
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