There are two types of risks concerning supply chains: (1) risk resulting from problems related to the coordination of supply and demand (so-called operational risk) and (2) risk related to disruptions occurring in the course of core business activities (disruptive risk). In the article “Selected aspects of risk management in supply chains” [8], I analyzed operational risk. Currently, I will attempt to present some problems related to managing disruption risk in supply chains in the context of: 1. the risk management standard developed by the London-based Institute of Risk Management, according to which: “risk can be defined as the product of the probability of an event occurring and its consequences1 (ISO/IEC Guide 73). The subject of risk management is its
identification, i.e., determining the degree of uncertainty to which an organization is exposed and characterizing the actions taken in connection with it. The goal of risk management is to ensure maximum and sustainable benefits in all areas of an organization’s activity” [9], 2. the issue of the relationship between reliability and risk2, when: risk can be presented as the product of vulnerability to external disruptions and the probability of these disruptions occurring [2]. Vulnerability to disruptions and risk remain in a relationship defined in Fig. 1. I will now attempt to explain the issue of the dependency between reliability and vulnerability to disruptions (and thus risk).
The article comes from the journal “Logistyka” 5/2006.