The Logistics Risks Control and Monitoring System Development

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MAGAZINE №1 (78) February 2017

AUTHORS  DUDINSKAYA M.V. - graduate student, National Research University Higher School of Economics (Moscow, Russia)

CATEGORY  The uncertainty and risks in supply chains


Supply chain functioning on Russian market depends on the effective response to internal and external risks in a great measure. The risks volatility increases from year to year. The existing risk management practice in such companies is usually limited by the security and surplus facilities creation as well as high stock level keeping. The importance of the methodology development in logistic risk management in domestic enterprises supply chains is provided by the high level of losses and expenses related with the logistic risks presence against a backdrop of the limited practice of implementing modern risk management methods. In the article the logistic risks control and monitoring system development procedure which is based on SCEM (Supply Chain Event Management) is provided. The most critical moments peculiarities which are needed to take into account in the development process are described. Moreover, several steps are demonstrated through the example of Downstream contour of iron and steel company supply chain. Special emphasis is placed on the events identification problems as well as on the disbenefits estimation approach which appeared because of the risk event.


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