Many companies leave the risk management and business continuity for security professionals, experts in business continuity planning and insurance professionals. Argues that the construction of resilient enterprise must be a strategic initiative that is changing the way it operates and enhance competitiveness. Reducing vulnerability means and reduce the probability of failure and improve stability. Stability, in turn, can be achieved either creating redundancy or flexibility. Redundancy is a familiar concept of preservation of some resources in reserve, to be used in case of failure. Although necessary in some ways, represents the net value of the reservation without refund, with the exception of the possibility of failure. Argues that much more leverage, not to mention the performance benefits can be achieved through supply chain flexibility. Flexibility requires an in organic opportunities that may feel threatened and react quickly. Based on current research at MIT center of transport and logistics, the authors describe how resilient companies build flexibility in each of the five basic elements of the supply chain. Provider, the conversion process, distribution channels, management systems, and the underlying corporate culture "Hide
by Yossi Sheffi, James B. Rice Jr. Source: MIT Sloan Management Review 10 pages. Publication Date: September 1, 2005. Prod. #: SMR185-PDF-ENG
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