Such a matrix is commonly used to evaluate the relative riskiness of different identified risks (Frosdick 1997; Manuj
and Mentzer 2008b; Sheffi and Rice 2005).
The AACSB International Logistics Doctoral Faculty Demand analysis undertaken in 2011 (and reported by Manuj
In the third article, Donovan and Manuj
present a holistic definition of demand management, based on a structured literature review process.
A Second Place award was given to the article "Risk Management in Global Sourcing: Comparing the Business World and the Academic World" by Ila Manuj
, University of North Texas.
, Omar, and Yazdanparast developed a conceptual framework for interorganizational learning (IOL) in the third article of this issue.
In subsequent articles Harrod presents a method for formulating a strategic dispatch policy for train movement; Maloni and Paul examine different options to better utilize current port capacity across the entire network of US ports; and Manuj
compares academic research with industry practice in the area of global sourcing risk management.
Supply chains face risks related to currency fluctuations, political changes, economic changes, long and variable lead times, inventory, quality, and intellectual property (Khan and Burnes 2007; Manuj and Mentzer 2008a; Rao and Goldsby 2009).
Broadly, these strategies (applicable also in a sourcing context) fall into the following categories: avoiding risks, control through vertical or virtual integration, cooperation with supply chain partners, form and time postponement, speculation, hedging through sourcing from or manufacturing at multiple locations, sharing/transferring risk through contracts, and increasing flexibility for responsiveness (Juttner, Peck, and Christopher 2003; Manuj and Mentzer 2008a; Skipper and Hanna 2009; Zsidisin and Ellram 2003).
and Mentzer (2008) focused on supply, demand, operational, and security risks in evaluating global supply chain risk management.
, Yazdanparast, Farris, and Wilson report on their annual survey of salaries of academic faculty in logistics-focused departments.