Managing a Volatile Supply Chain

With constant change, economic challenges and the havoc that events such as Gulf oil spills, natural disasters and terrorist threats can create, old models of balancing supply and demand are no longer effective.

In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Sandor Boyson, research professor and co-director of the Supply Chain Management Center, discusses the new risks for today’s supply chains and how organization can deal with volatility.

The Supply Chain Management Center at the University of Maryland’s Robert H. Smith School of Business brings together top industry and government leaders to address inefficiencies in today’s supply chain and come up with innovative ways to manage risk. The center spearheaded a recently released book, “X-Treme Supply Chain Management: A Guide to Mastering Business Volatility,” edited by Boyson, center co-director Professor Thomas Corsi and senior fellow Lisa Harrington. It is a collaboration among some of the industry’s leading corporations and organizations.