A Risk Management Tool for the Reverse Supply Chain Network

Author(s):  
Anh Son Nguyen ◽  
Minh Tai Le
Author(s):  
Sultan Ceren Oner ◽  
Mahir Oner

Supply chain management paradigms are becoming increasingly common management perspectives all over the world due to violent global competition of trade organizations and rapid changes in technology. In recent years, thanks to the communication improvements, customers have become more conscious about purchasing goods or services. Furthermore, organizations have to be customer oriented and more flexible against the dynamism of supply chain environment which increases uncertainties in supply chain parameters. Although a considerable amount of risk factors appearing in supply chain operations, this study concentrates on detecting key supply chain risks which could cause abnormalities and occur from rapid changes in customer demand, unpredictable price fluctuations, defect variations and delivery delays and provides the correction of these problems automatically. Thus, a system dynamics model is established for determining risks. This combined approach would be helpful for integrated supply chain risk management.


2021 ◽  
pp. 1009-1025
Author(s):  
Rakshit Shetty ◽  
Neha Sharma ◽  
Vishal A. Bhosale

Author(s):  
Adenike Aderonke Moradeyo

Social network theory is an appropriate theory for understanding the relationships among the different parties in the supply chain. This article adopts the conceptual-theory framework to introduce arm's-length and close ties concepts into the field of supply chain risk management. The theoretical paradigm of social network theory is used to develop a framework and propositions for future empirical studies. Specifically, this conceptual article uses the idea of the social network theory to propose the need for firms to incorporate both the close and arm's-length ties in their supply chains. This approach of combining the two forms of ties as a composite tie within a supply chain could serve as an important supply chain risk management tool in relation to supply chain disruption and its mitigation, because of the synergistic benefits.


Author(s):  
Yanjun Zuo ◽  
Wen-Chen Hu

Information risk management is crucial for an organization operating in an increasingly integrated and intensively communicated environment to mitigate risks and ensure core business functions. Given the open and dynamic nature of a supply chain network, information risk management is challenging and various factors must be considered. This article introduces a trust-based approach to facilitate supply chain participants to perform effective risk management. The major components of the proposed framework include supply chain member trust evaluation, data classification, and trust-based decision making. The major purpose of the framework is to control and mitigate information risks that a participant faces in a supply chain network (e.g., risks to information confidentiality, privacy, and integrity). We apply the principle of transitive trust for trust evaluation and use several decision tools for risk analysis and mitigation.


Sign in / Sign up

Export Citation Format

Share Document