Risk Intelligent Supply Chains

The Turkish economy is very dynamic and growing at phenomenal speeds. For instance, Turkey's first quarter GDP growth rate was 11 percent in 2011. This growth brings its own risks and benefits. The lessons learned from surviving and thriving in such an environment can be applied to supply chains in any country. Packed with interesting and timely examples from industries such as automotive, airline, and manufacturing, Risk Intelligent Supply Chains: How Leading Turkish Companies Thrive in the Age of Fragility presents strategic insights from various leading Turkish companies regarding their management of supply chain risks. Çagri Haksöz brings the risk intelligent supply chain (RISC) concept to life for the first time. It answers the question of how to become a risk intelligent supply chain. He proposes the I-Quartet Model with four essential roles "Integrator, Inquirer, Improviser, and Ingenious," that any supply chain network must play to become risk intelligent. The book also presents never-before-published cases and practices of leading Turkish companies that thrive globally in the age of fragility with their supply chain risk intelligence. While providing real-life examples, the book also shares insights obtained in various scientific disciplines. It provides not only an industry focus but also details numerous industry approaches, analyzing their similarities and differences in a manner that allows each industry to learn from the other.

Professor Haksöz is a faculty member of Operations and Supply Chain Management at Sabanci School of Management, Sabanci University, Istanbul, Turkey and an affiliate member of the Regent's Centre for Transnational Studies, Regent's College, London, UK. His current research focuses on risk intelligence, supply chain risk management, supply chain/energy contracts, supply chain networks on the Silk Road, climate change/weather/water risk, creativity and improvisation. His previous books include Managing Supply Chains on the Silk Road: Strategy, Performance, and Risk (with S. Seshadri and A. V. Iyer, 2011) as well as Global Perspectives: Turkey (with M. Çakanyildirim, 2012). He is a consultant for national/international firms as well as government organizations.

THE EVOLVING GLOBAL SUPPLY CHAIN NETWORKS: FRAGILE, CAPRICIOUS, AND ENTANGLED Global Supply Chain Networks in the Age of Fragility Welcome to the World of Extreme Risks and Opportunities The Ubiquity of Global Supply Chain Risks Recent Examples of Global Supply Chain Risks HOW TO BECOME A RISK INTELLIGENT SUPPLY CHAIN Risk Intelligent Supply Chains and the I-Quartet Model Introduction to Risk Intelligent Supply Chains Risk Intelligence versus Risk Intelligent Supply Chain The I-Quartet Model: A Synopsis The Acrobat over the Bosphorus The Integrator: Orchestrating an Interdependent Supply Chain Network Networks and Complexity Supply Chain Network Orchestration Risk Interdependence in Supply Chain Networks Lessons from Turkish Carpet Weaving The Inquirer: Sensing and Learning in Swan Lake Sensing and Learning in Supply Chain Networks: Brightening the Peripheral Vision Learning from Small Failures Fail Fast, Learn Fast! Almost Fail, Learn Faster: Learning from Near Misses Swan Lake: A Habitat of Colorful Swans The Ladder of Mastery: Swan Lake Ignorance to Swan Lake Intelligence Risk Anticipation in the Supply Chain Network Technical Appendix The Improviser: Creative-Diverse-Flexible Tinkering to Achieve Resilience The Improviser in the Supply Chain Network Resilience Creativity and Design Thinking Tinkering Diversity Flexibility The Ingenious: Intelligent Risk Taking in Swan Lake Surprises Are Not Surprises Anymore: Black Swans in Swan Lake Negative versus Positive Black Swans Positive Deviance: Identifying and Nourishing Positive Black Swans Extremophiles: Positive Black Swans of Biological Ecosystems Dragon-Kings versus Black Swans Fork-Tailed Risk-Taking Strategy Closed-Loop Dynamics of the Risk Intelligent Supply Chain HOW DO LEADING TURKISH COMPANIES THRIVE IN THE AGE OF FRAGILITY? Wisdom from Leading Turkish Companies Kordsa Global: Orchestrator of Transnational Supply Chain Network Prelude Managing Global Supply Chain Operations and Risks Perception of Global Supply Chain Risks Strategic Risks along the Supply Chain Network Kordsa Global Approach for Risk Assessment and Hedging Global Supplier Management Financial Hedging, Insurance, and Business Continuity Operational Hedging Strategies Intelligent Management of Supply Chain Contracts Expecting the Unexpected: Black Swans in Swan Lake Future Global Challenges and Emerging Risks Developing Talent with a Global Supply Chain Mind-Set The Future Vision for Kordsa Global's Risk Intelligent Supply Chain Managing Risks in Global Supply Chain Contracts The I-Quartet Model of Kordsa Global Brisa: Virtuoso of Supply Chain Risk Management Prelude Managing a Global Supply Chain Network Managing Supply Chain Contracts and Related Risks Risk Intelligent Supply Chain of Brisa Managing and Mitigating Major Supply Chain Risks Regulatory and Political Risks and Brisa's Risk Intelligent Response Learning from Black and Gray Swans in Swan Lake Recruiting, Developing, and Retaining Supply Chain Talent Managing Business and Supply Continuity Envisioning the Future The I-Quartet Model of Brisa AnadoluJet: Maestro over the Clouds Background of the Turkish Airline Industry Turkish Airlines after Deregulation Inception of AnadoluJet Operational Innovations in a Risk Intelligent Supply Chain No-Excuse Customer Service Designing Responsive Marketing and Sales Strategy Developing Young and Ambitious Talent Risk Management Philosophy in Orchestrated Network The Path Forward The I-Quartet Model of AnadoluJet Epilogue: Where Is Our Next Journey? Appendix A: Scholarly Readings on Supply Chain Risk Appendix B: Biography of Executives Notes Bibliography Index