Supply Chain Value Co-creation and Flexibility Management Decisions Taking Supply Risk into Account

2022 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Min Yang
Keyword(s):  
Supply Chain ◽  
Supply Risk ◽  
Management Decisions

Supply risk management vs supplier selection to manage the supply risk in the EPC supply chain

2008 ◽  
Vol 31 (11) ◽  
pp. 846-866 ◽  
Author(s):  
Guido J.L. Micheli ◽  
Enrico Cagno ◽  
Marta Zorzini
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supplier Selection ◽  
Supply Risk

Sharing demand and supply risk in a supply chain

2011 ◽  
Vol 43 (6) ◽  
pp. 451-469 ◽  
Author(s):  
Yusen Xia ◽  
Karthik Ramachandran ◽  
Haresh Gurnani
Keyword(s):  
Supply Chain ◽  
Supply Risk ◽  
Demand And Supply

scholarly journals Bayesian Belief Network Approach for Supply Risk Modelling

2022 ◽  
Vol 15 (1) ◽  
pp. 0-0
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Risk Model ◽  
Management Strategies ◽  
Bayesian Belief Network ◽  
Supply Chain Risk Management ◽  
Supply Risk ◽  
Belief Network ◽  
Transportation Risk ◽  
Price Risks

Today’s global and complex world increased the vulnerability to risks exponentially and organizations are compelled to develop effective risk management strategies for its mitigation. The prime focus of research is to design a supply risk model using Bayesian Belief Network bear in mind the tie-in of risk factors (i.e. objective and subjective) those are critical to a supply chain network. The proposed model can be re-engineered as per new information available at disclosure, so risk analysis will be current and relevant along the timeline as so situation is strained. The top three factors which influenced profitability were transportation risk and price risks. Netica is the platform used for designing and running simultaneous simulations on the Bayesian Network. The proposed methodology is demonstrated through a case study conducted in an Indian manufacturing supply chain taking inputs from supply chain/risk management experts. .

scholarly journals Inventory decision-making by small Sowetan retailers

2018 ◽  
Vol 12 ◽  
Author(s):  
Themari Eicker ◽  
J. Orpha Cilliers
Keyword(s):  
Supply Chain ◽  
Inventory Management ◽  
Cost Efficiency ◽  
Small Businesses ◽  
The Other ◽  
Business Strategies ◽  
Standard Industrial Classification ◽  
Management Decisions ◽  
Supply Chain Strategy ◽  
Inventory Decisions

Background: The importance of South African small businesses, especially retailers, in improving communities’ standards of living necessitates sound business strategies to survive and remain competitive. Selecting appropriate business strategies is cardinal for the sustainable development and growth of all types of businesses, including small businesses. The supply chain strategy defines how operations in the supply chain will support the overall competitive strategy and is orientated to promote either responsiveness or cost-efficiency. It is imperative that all inventory decisions be aligned with the orientation of the selected supply chain strategy.Objectives: The aim of this article was firstly to determine how small retailers operating within the boundaries of Soweto, a township in Gauteng, South Africa, manage their inventory decisions considering the orientation of the supply chain strategy; and secondly, to investigate whether retail industries differ in terms of inventory decisions.Method: A survey was conducted among 650 formal, independent small businesses operating within Soweto of which 556 were classified as retailers based on the Standard Industrial Classification. Structured interviewer-completed questionnaires were used to obtain quantitative data from owners or managers. Both descriptive and inferential analyses were performed to determine the orientation of the retailers’ supply chain strategy based on their inventory decisions relating to the average rate of purchasing inventory, the amount of inventory purchased, as well as the quality and variety of products offered to customers. Five hypotheses were formulated to determine whether a difference exists between six industry groups with regard to the management of inventory.Results: It was established that small township retailers predominantly manage their inventory decisions responsively. It was also concluded that differences exist in terms of how small township retailers manage their inventory based on the industry in which they operate. The results showed that retail hardware stores are focused on making inventory decisions more cost-efficiently than the other industry groups, whereas retail general stores are focused on making inventory decisions more responsively than the other industry groups.Conclusion: The owners or managers of small township retailers need to be educated in terms of inventory management decisions. This article can be used as an educational platform to show how small township retailers can identify the aligned inventory decisions for supporting a selected supply chain strategy orientation. Generally, small township retailers may maintain their competitive advantage if they align all business strategies to promote responsiveness. Since the industry in which small retailers operate influences inventory management decisions in terms of responsiveness and cost-efficiency, owners or managers must consider the specific industry in which they operate before making such decisions.

scholarly journals DETERMINANTS OF VUCA-WORLD IN THE FORMATION OF STABILITY AND RELIABILITY OF SUPPLY CHAINS UNDER COVID-19

2021 ◽  
Author(s):  
Iryna Lutsenko
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Corporate Culture ◽  
Negative Consequences ◽  
Management Decisions ◽  
Continuous Training ◽  
Emotional Resilience ◽  
Force Majeure ◽  
The Stability ◽  
The Impact

The article examines uncertainty as an integral part of the existence of supply chain in the VUCA-world, describes the uncertainties that affect supply chain. It is determined that for effective management it is important to distinguish between types of uncertainty: ignorance, uncertainty and risk, their essence and features of manifestation are considered. In the case of pandemic challenges, the levels of threats and risks become more complicated and increase, which makes the process of making adequate management decisions difficult, can lead to negative consequences of the functioning of supply chain. Uncertainty factors that need to be constantly taken into account in ensuring the viability and efficiency of supply chain are analyzed. In addition, the factors that can significantly affect the number of "failures" in the system - force majeure, natural disasters, political, financial crises, terrorism, piracy, various emergencies. It is established that the effectiveness of management decisions to increase the stability of supply chain will depend on activities to minimize the impact of subjectivity and objectivity of uncertainty of both internal and external environment, types of uncertainty and system elements that will shape the reliability and stability of supply chains. Under such conditions, managers will be able to make decisions that will maintain the required level of flexibility and adaptability of the system. In order to find ways to increase the level of reliability and stability of supply chains in difficult pandemic conditions, elements of stability are established, it is proposed to consider the reliability of supply chain through the probability of "failure" of the system within different components of supply chain infrastructure and flow processes. To meet the requirements of VUCA-world supply chain needs to use innovative approaches, diversity, build transparent information flows through trust throughout the supply chain, build an effective corporate culture that will include emotional resilience to constant challenges, social responsibility, continuous training and retraining, courage in making non-standard decisions.

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