Supply Chain Risk Management

2018 ◽  
Vol 11 (3) ◽  
pp. 87-104 ◽  
Author(s):  
K. Madhu Kishore Raghunath ◽  
S. Lakshmi Tulasi Devi
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Modern Methods ◽  
Supply Chain Risks

This article describes how as mankind has been ever-evolving, so are their needs, growing in leaps and bounds. Risk management in supply chains have become a prerequisite as it involves a series of steps like procuring, processing, and distribution, where risk has to be managed. Given the advent of technology and transformation of supply chain management from traditional to modern methods, a lot has changed, and of course with ever-evolving technology, the organisations have become adept at handling risks associated with many factors within the organisation and outside the organisation. In this article, the authors will analyse the percentage impact of external and internal supply chain risk factors on various supply chain decisions, and also project various tools available to mitigate Supply chain risks.

scholarly journals Analyzing the Risk Factors of Supply Chain Management in Indian Manufacturing Organizations

2011 ◽  
Vol 1 (3) ◽  
pp. 109-114 ◽  
Author(s):  
Rana Basu ◽  
Pranab K Dan .
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Point Of View ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Manufacturing Organizations ◽  
Integrated Supply Chain

Today organizations of any magnitude have heavily integrated supply chain. The supply chain management consists of all parties involved, directly or indirectly in fulfilling customer request. There is an immense growth which has expanded from the traditional point of view as not only of physical distribution of materials but also to services. Implementing supply chain risk management has been troubleshooting in many organizations. In practice assessing risk management in supply chain is rather underdeveloped and often dealt with informal and reactive manner. As risk management issues today is subjected to substantial research and the organizations are trying to mitigate the risk issues so as to maintain the smooth operation of supply chain. The purpose of this paper is to identify and prioritize the risk factors in context to supply chain management of Indian manufacturing organizations. The research presented here is specifically targeted to Indian manufacturing organizations which are managing the supply chain operations. This paper deals with the risk issues and thus empirically assesses which risk factors are most influencing one in supply chain operations which must be given careful attention.

An approach to evaluating sustainable supply chain risk management based on BWM and linguistic value soft set theory

2020 ◽  
Vol 39 (3) ◽  
pp. 4369-4382
Author(s):  
Xinrui Zhang ◽  
Bingzhen Sun ◽  
Xiangtang Chen ◽  
Xiaoli Chu ◽  
Jianan Yang
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Soft Set ◽  
Supply Chain Risk Management ◽  
Sustainable Supply Chain ◽  
Supply Chain Risk ◽  
Chain Management

Companies are attaching more and more importance to sustainable supply chain management (SSCM) as which makes the right strategy measures for companies. Due to the complexity of external environmental factors and internal structure, sustainable supply chain management is vulnerable to various risks. The purpose of this paper is to present a new two-stage approach for determining the best practitioner in Iran Pars Special Economic Energy Zone based on the sustainable supply chain risk management (SSCRM). The best and worst method (BWM) is used to determine the weight of risk factors. Then the method of linguistic value soft set is used to assess the impact of risk factors on each company’s sustainable supply chain which is a multiple attribute decision making problem with language preference in the second stage. Consequently, the ranking results of sustainable supply chain of each enterprise are obtained. This study contributes to finding the key risk factors of SSCRM. Evaluating these companies SSCRM with preference information, the best practitioner can obtain. The combination of BWM and linguistic value soft set approach provides a new nonparametric theoretical method and tool for this kind of decision-making problems with this background. At the same time, the conclusions of this study have guiding significance for the implementation of industrial supply chain. Limitations of the study along with future research directions are also presented.

Supply Chain Risk Management Driven By Action Learning

2011 ◽  
pp. 212-229
Author(s):  
H.P. Borgman ◽  
Wilfred Rachan
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Risk Mitigation ◽  
Action Learning ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Sustainable Improvement ◽  
The Difference

This chapter is the outcome of our consolidated learning on “Supply Chain Risk Management” and “Action Learning in Supply Chains” over a period from 2006 to 2010. We have also published several papers in this domain; please refer to the bibliography section. Although there is a substantial volume of literature on the topic of Supply Chain Management and no lack of coverage today on Risk Management, our motivation was guided by our desire to put into context, both from an academic and Industry perspective, a practical methodology for supply chain risk mitigation based on a proven theory of learning. This methodology will enable industry practitioners of supply chain management to comprehend and act upon risk i.e. identification, assessment, response, monitoring and evaluation. Risk Management in Supply Chain is not a “one-off” transaction but rather an ongoing practice of problem solving and organizational learning i.e. a continuous methodology for sustainable improvement. The methodology provides a means to structure past problems as knowledge to be used by the organization and increase preparedness for facing new challenges. In a global competitive market, successful management of risk in supply chain can be the difference between corporate success and failure.

scholarly journals Integrated supply chain risk management

2007 ◽  
Vol 1 (1) ◽  
Author(s):  
Riaan Bredell ◽  
Jackie Walters
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Theory And Practice ◽  
Modern World ◽  
Management Decision ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Integrated Supply Chain

Integrated supply chain risk management (ISCRM) has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly applied, this process may optimise management decision-making and assist in the protection and enhancement of shareholder value.

Managing Risk in Small and Medium Enterprises (SMEs) Supply Chains’ Using Quality Function Deployment (QFD) Approach

2013 ◽  
Vol 4 (1) ◽  
pp. 64-83 ◽  
Author(s):  
Mohd. Nishat Faisal
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chains ◽  
Quality Function Deployment ◽  
Risk Mitigation ◽  
Current Status ◽  
Supply Chain Risk Management ◽  
Multiple Sources ◽  
Supply Chain Risk ◽  
Supply Chain Risks

Supply chain risk management (SCRM) is the process of risk mitigation in supply chains achieved through collaboration, coordination and application of risk management tools among the partners, to ensure continuity coupled with long-term profitability of the supply chain. Supply chain risks emanate from multiple sources and similarly risk mitigation in supply chains is dependent on several variables. The most difficult part of supply chain risk management is prioritizing risks and an understanding of the relationships among various types of risks and risk mitigation variables. Drawing from the standard framework, in this research a modified house of quality is developed to understand the relationships between various supply chain risks and risk mitigation variables. It helps to prioritize various risks and understand the current status of the supply chain and the deficient areas with regard to risk mitigation capabilities. The structured QFD process provides the supply chain managers a conceptual map that enables the improvement of planning and control of various risks that could impact a supply chain.

Promising research fields in supply chain risk management and supply chain resilience and the gaps concerning human factors: A literature review

Work ◽  
2020 ◽  
Vol 67 (2) ◽  
pp. 487-498
Author(s):  
Pedro Senna ◽  
Augusto da Cunha Reis ◽  
Alexandre Castro ◽  
Ana Claudia Dias
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Literature Review ◽  
Human Factors ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Related Factors ◽  
Chain Management ◽  
Supply Chain Resilience

BACKGROUND: Recent studies concerning supply chain management have shown that topics such as supply chain risk management (SCRM) and supply chain resilience (SCRes) are the new trends in supply chain management. Initial studies in the early 2000s developed frameworks to identify, measure and mitigate risks and assess/evaluate the degree of resilience of a company or supply chain. Recently, a large variety of studies has emerged, including more conceptual and review studies as well as more sophisticated, quantitative studies. However, studies on human-related factors are still lacking, and there is no systematic method to answer questions such as “What literature is available concerning human factors related to SCRM and SCRes?”, “Which human factors contribute to SCRes?” and “Which human factor can amplify SC Risks?” OBJECTIVE: The main goal of this paper is to conduct a systematic literature review to identify human factors that impact supply chain resilience and supply chain risk management. METHOD: This study was performed using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) method. The objective of using this review protocol is to ensure that the review has the minimum amount of bias due to research expectations. RESULTS: This study highlighted a summary of human-related risk and resilience factors as well as a discussion about these preliminary findings. CONCLUSIONS: As our main conclusion, we highlight that human factors may generate significant risks in the supply chain, nevertheless, there are other human factors that must be nourished to obtain SCRes.

The Human Side of Supply Chains

2012 ◽  
pp. 290-314 ◽  
Author(s):  
Alessandro Ancarani ◽  
Carmela Di Mauro
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Time Effects ◽  
Chain Management ◽  
Future Developments ◽  
Perception Time ◽  
Human Side

The adoption of the behavioural approach for the study of OM and Supply Chain Management is still fairly novel. However, there is evidence that in order to improve supply chain management it is crucial to develop models that correctly describe human behaviour. Failure to account for behavioural components such as risk perception, time effects and social interaction may lead to models that are biased in their predictions. This chapter reviews extant behavioural research relevant to supply chain risk management. In particular, its implications for supply chain management are outlined, and opportunities for future developments of theory that is robust to behavioural effects are identified.

Sustainability, Risk, and Business Intelligence in Supply Chains

2016 ◽  
pp. 501-538 ◽  
Author(s):  
Merve Er Kara ◽  
Seniye Ümit Oktay Fırat
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chains ◽  
Business Intelligence ◽  
Supply Chain Risk Management ◽  
Sustainable Supply Chain ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Management Concepts ◽  
The Relationship

Sustainable Supply Chain Management has become one of the most important managerial trends nowadays. Companies can optimize their supply chains by integrating risk management and sustainability programs. This chapter explains sustainability and risk management concepts in supply chains and discusses the relationship between these two issues in a multidirectional way. Business Intelligence tools are addressed in terms of their role and importance in supporting the management of supply chains, their risks and sustainability. The aim of the chapter is to provide a background to better understand the link between supply chain risk management, sustainability and business intelligence.

Sustainability, Risk, and Business Intelligence in Supply Chains

2018 ◽  
pp. 1424-1461
Author(s):  
Merve Er Kara ◽  
Seniye Ümit Oktay Fırat
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chains ◽  
Business Intelligence ◽  
Supply Chain Risk Management ◽  
Sustainable Supply Chain ◽  
Supply Chain Risk ◽  
Chain Management ◽  
Management Concepts ◽  
The Relationship

Sustainable Supply Chain Management has become one of the most important managerial trends nowadays. Companies can optimize their supply chains by integrating risk management and sustainability programs. This chapter explains sustainability and risk management concepts in supply chains and discusses the relationship between these two issues in a multidirectional way. Business Intelligence tools are addressed in terms of their role and importance in supporting the management of supply chains, their risks and sustainability. The aim of the chapter is to provide a background to better understand the link between supply chain risk management, sustainability and business intelligence.

Supply Chain Risk Management

2011 ◽  
pp. 176-204 ◽  
Author(s):  
Ehsan Nikbakhsh
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Negative Effects ◽  
Chain Management ◽  
Risk Mitigation Strategies

During the past two decades, environments surrounding supply chains (SC) have faced many changes, which require SC managers to deal proactively with unknown situations and new risks. Therefore, one of the most important issues in supply chain management is managing uncertainties of a SC and mitigating negative effects of SC risks. In this chapter, an overview of supply chain risk management (SCRM) is given. First, fundamental concepts in SCRM are introduced. Next, sources of SC risks, SCRM and its process, and some robust SC risk mitigation strategies are introduced. Finally, an introduction to several mathematical models for SCRM is given.

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