The book “Manage the Supply Chain Risk”, edited by KYU and AMRAE (Association pour le Management des Risques et des Assurances de l’Entreprise), received the Prix Coup de Cœur 2015 from the Plumes des Achats which represents the major french professional associations of purchasing and supply chain with the ACA (HEC), X-Achats (Polytechnique), CDAF (Compagnie des Dirigeants et Acheteurs de France) and ADRA (Association des Directeurs et Responsables Achats).

Laurent GIORDANI (KYU Associés) and Anne-Marie Fournier (AMRAE VP) give some details and insights about the book and its origin

Why did the AMRAE decide to right a book on this topic?

After the recent events in 2011 in Thailand and Japan, the supply chain risk is one of the most important risk of companies across the globe. AMRAE decided in 2014 to study much more in detail this risk in order to propose a global overview of the Supply Chain universe and a toolbox for Risk Managers to support them in the identification, prevention and transfer of these risks but also to help them understand it better and communicate with the different functions involved in their companies (purchasing, supply chain, finance, etc.)

We understood that managing the supply chain risks requires a strong cooperation with all the supply chain actors. From the supplier’s subcontractors to the final distributors the supply chain is complex and many different people in a company are involved in its design and management. They have to be able to identify their risks, to evaluate the consequences and to implement prevention actions. This is the reason why operations and risk organization have to collaborate in order to mitigate the risk, protect the value creation and support the future growth of the company.

What does this prize represent for you?

The book was very appreciated by Risk Managers during the Rencontres de l’AMRAE in february 2015. What is also very important to us is to get the recognition of Supply Chain professionals because our book is about the collaboration between these two different functions who are not used to work together.

What does the book provide to Risk managers and Supply Chain managers?

I think that the major contribution of the book is to give a global and positive view of the Supply Chain risk management. Because even if it is a major source of risk, supply chain is one of the main competitivity lever of a company. So the challenge is to help managers to work together in order to have a competitive and resilient supply chain. We have tried to propose methodologies and tools in order to reach this goal and we illustrated it with many recent examples and study case to help managers understand and apply it in their own companies.