Supply Chain Risk Management in Indian Manufacturing Industries: An Empirical Study and a Fuzzy Approach

2021 ◽  
pp. 107-145
Author(s):  
V. Viswanath Shenoi ◽  
T.  N. Srikantha Dath ◽  
Chandrasekharan Rajendran
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Empirical Study ◽  
Manufacturing Industries ◽  
Supply Chain Risk Management ◽  
Fuzzy Approach ◽  
Supply Chain Risk

Strategic action grids: a study on supply chain risk management in manufacturing industries in India

2018 ◽  
Vol 25 (8) ◽  
pp. 3045-3061 ◽  
Author(s):  
V. Viswanath Shenoi ◽  
T.N. Srikantha Dath ◽  
C. Rajendran ◽  
P. Shahabudeen
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Mitigation Strategies ◽  
Manufacturing Industries ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Strategic Action ◽  
Content Type ◽  
The Mean ◽  
Robust Supply Chain

Purpose The purpose of this paper is to provide strategic recommendations to supply chain managers of Indian manufacturing industries for a robust supply chain related to risk management by original equipment manufacturers (OEMs) and suppliers in manufacturing industries to ensure a robust supply chain risk management (SCRM). Design/methodology/approach Importance-performance analysis (IPA) is utilized to identify and provide strategic recommendations to manufacturing industries for improving their supply chain performance by attaching due importance to risk constructs and appropriately choosing mitigation strategies. Findings The investigation using the strategic action grids reveals that most of the means of risks are near the point of intersection of the grand means of the risk constructs and their impact on the supply chain, indicating that all the risks have the equal likelihood of occurrence. The mean importance of risk monitoring, risk avoidance (RA) and risk sharing surpass the mean performance for both OEMs and suppliers. Research limitations/implications The study is executed with following limitations: the study assumes that the manufacturing industries across different sectors perceive similar risk. The sectors considered are automotive, heavy engineering, general engineering and home appliances. The Southern States of India are considered because of the dominant presence of many industries, especially automotive industries. However, it should be noted that these States form the manufacturing hubs where the lead organizations are functioning along with their major suppliers. Practical implications By understanding the importance of SCRM dimensions and utilization of these dimensions, firms can mitigate the impact of risk on the supply chain. The detailed study of SCRM strategies highlights the importance attached to risk factors, mitigation strategies, and top management commitment. By the implementation of SCRM strategies, supply chain managers can improve the firm’s performance. Originality/value The study involves empirically validated data on SCRM dimensions. The IPA is performed on the SCRM dimensions to investigate the importance attached to the factors of the dimensions and their performance.

Empirical Study of supply chain risk management effectiveness

2021 ◽  
Vol 18 (5) ◽  
pp. 143-162
Author(s):  
Eungsok Song ◽  
Myung Sub Park ◽  
EuiBeom Jeong ◽  
DaeSoo Kim
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Empirical Study ◽  
Supply Chain Risk Management ◽  
Management Effectiveness ◽  
Supply Chain Risk

scholarly journals The Impact of COVID-19 on the Global Supply Chain: A Discussion on Decentralization of the Supply Chain and Ensuring Interoperability

2021 ◽  
Vol 16 (1) ◽  
pp. 56-60
Author(s):  
Eri Ino ◽  
Kenji Watanabe ◽  
◽  
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Management System ◽  
Global Supply Chain ◽  
Manufacturing Industries ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Support Measures ◽  
The World ◽  
The Impact

Focusing on reconstruction of the Global Supply Chain (GSC), which has been accelerated by the spread of the COVID-19 pandemic, this study considers how COVID-19 has impacted the GSC and the appropriate approach to Supply Chain Risk Management (SCRM) in the future. Due to the spread of COVID-19, manufacturing industries across the world, including those in Japan, have faced difficulties in procurement and continuation of production. Under these circumstances, the Japanese Government has implemented measures to support the supply chain. This study reviews the decentralization and complication of the GSC triggered by the changing environment around it and the support measures undertaken. Considering a more decentralized and complicated GSC in future and its SCRM, the authors will continue to examine the effectiveness of the introduction of a management system based on standardized rules in the region concerned.

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