Researcher's Risk Exposure Index (REI) used by the UN Office for Disaster Risk Reduction
Monday, May 5, 2014 - 06:01
in Health & Medicine
"From Superstorms to Factory Fires: Managing Unpredictable Supply-Chain Disruptions," published recently in the Harvard Business Review, describes a method developed by MIT professor David Simchi-Levi, founder of the MIT Forum for Supply Chain Innovation, to manage unpredictable supply chain disruptions. This method helps prioritize the financial impact of risk through the Risk Exposure Index (REI), enabling companies to focus mitigation efforts on the most important suppliers and risk areas. The method was implemented successfully at Ford Motor Company.