scholarly journals Supply Chain Risk Management: an Interactive Simulation Model in a Big Data Context

2020 ◽  
Vol 42 ◽  
pp. 140-145
Author(s):  
António A.C. Vieira ◽  
Luís Dias ◽  
Maribel Y. Santos ◽  
Guilherme A.B. Pereira ◽  
José Oliveira

Essence of the risk management model in supply chains of enterprises is investigated in the article. Classification of type risks faced by enterprises in construction of their own supply chains is considered. The SCRM model is analyzed as a supply chain management tool. Necessity to introduce a risk management algorithm at enterprise using modern technologies is substantiated. Structural elements and relationships of the supply chain risk management algorithm are identified. It is justified that one of the most effective tools for identifying and analyzing risks in supply chain is big data, which should include information about the participants (elements) of the supply chain; resources used by supply chain members and / or moving between its elements; logistics processes that occur at each stage of the supply chain. It is also established that the use of block chain technology will ensure the integrity, reliability and security of information, which will form the basis of big data risk management in the supply chain, and the effective functioning of the entire supply chain risk management system.


Smart Cities ◽  
2021 ◽  
Vol 4 (3) ◽  
pp. 995-1003
Author(s):  
Li Meng

The internet of things (IoT) and social media provide information related to disasters that could help businesses to strategically mitigate risks and optimize their supply chain during difficult times. This paper proposes a framework to show how business or supply chain enterprisers can collaborate with community and government in disaster supply chain risk management. Businesses must have an established risk mitigation plan, update it periodically and implement promptly. Community collaboration can build a resilient society, and government should play an important role in leading both financial and non-financial support during natural disasters and pandemic management. The IoT and social media are new mechanisms as a vocal point to enable government, ensuring trustworthiness of information, to provide the community with a means to express needs and feedback, and to assist business services to meet the changeable preferences under risk threats. Social media can be a collaborative effort between all the parties and helps make value added decisions efficiently in supply chain risk management.


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