Every business is exposed to financial risk stemming from commodity price volatility. Risk exposure may be direct from the prices paid for raw materials needed for operations or indirect from higher energy and transportation costs. The purpose of this book is to provide an approach that organizations can implement to manage commodity price volatility and reduce their exposure to financial risk.Every business is exposed to financial risk stemming from commodity price volatility. Risk exposure may be direct from the prices paid for raw materials needed for operations or indirect from higher energy and transportation costs. The purpose of this book is to provide an approach that organizations can implement to manage commodity price volatility and reduce their exposure to financial risk. This topic is important for current and future supply chain professionals due to the significant direct financial effects that price volatility has on profitability, organizational cash flow, the ability to competitively price products, new product design, buyer-supplier relationships, and effective negotiating.
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George A. Zsidisin, PhD (Arizona State), CPM, is a professor of supply chain management at Virginia Commonwealth University. Professor Zsidisin has conducted extensive research on how firms assess and manage supply disruptions and commodity price volatility in their supply chains. He has published over 70 research and practitioner articles that have been extensively cited, many of which focus on the topic of supply chain risk and continuity management. His research on supply chain risk has been funded by the AT& T Foundation and IBM, and has received numerous awards, such as from the Institute for Supply Management, Deutsche Post, Council of Supply Chain Management Professionals, and the Decision Sciences Institute. Further, he has edited two books: Supply Chain Risk: A Handbook of Assessment, Management, & Performance (with Bob Ritchie, 2010), and Handbook for Supply Chain Risk Management: Case Studies, Effective Practices and Emerging Trends (with Omera Khan, 2011), and published Managing Price Volatility: a Supply Chain Perspective (with Janet Hartley, 2012), Business Expert Press Publishing. He has served as co-director for the Supply Chain Leadership Program for the Purchasing Management Association of Canada, is one of the initial founding members of the International Supply Chain Risk Management (ISCRiM ) network, and has taught and led discussions on supply chain management in various Executive Education Programs and numerous companies in the U.S. and Europe. Professor Zsidisin currently serves as the co-editor of the Journal of Purchasing & Supply Management, is the director of the Master of Supply Chain Management program at Virginia Commonwealth University, and sits on the Editorial Review Board for several academic supply chain journals.
Janet L. Hartley
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Janet L. Hartley, PhD, is a professor and the director of the Supply Chain Management Institute at Bowling Green State University. She has a BS in chemical engineering from the University of Missouri-Rolla and MBA and PhD degrees from the University of Cincinnati. She has published 28 refereed journal articles on supply management topics in journals such as the Journal of Operations Management, the Journal of Supply Chain Management, IEEE Transactions on Engineering Management, and the Journal of Business Research.