Collaborative Mitigation Strategies And Supply Chain Risk Management: Information Processing Theory Perspective

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.

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Reverse logistics risk management: identification, clustering and risk mitigation strategies

Management Decision ◽

10.1108/md-01-2018-0010 ◽

2020 ◽

Vol 58 (7) ◽

pp. 1449-1474 ◽

Cited By ~ 2

Author(s):

Hamidreza Panjehfouladgaran ◽

Stanley Frederick W.T. Lim

Keyword(s):

Risk Factors ◽

Risk Management ◽

Supply Chain ◽

Reverse Logistics ◽

Risk Mitigation ◽

Mitigation Strategies ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Content Type ◽

Risk Mitigation Strategies

PurposeReverse logistics (RL), an inseparable aspect of supply chain management, returns used products to recovery processes with the aim of reducing waste generation. Enterprises, however, seem reluctant to apply RL due to various types of risks which are perceived as posing an economic threat to businesses. This paper draws on a synthesis of supply chain and risk management literature to identify and cluster RL risk factors and to recommend risk mitigation strategies for reducing the negative impact of risks on RL implementation.Design/methodology/approachThe authors identify and cluster risk factors in RL by using risk management theory. Experts in RL and supply chain risk management validated the risk factors via a questionnaire. An unsupervised data mining method, self-organising map, is utilised to cluster RL risk factors into homogeneous categories.FindingsA total of 41 risk factors in the context of RL were identified and clustered into three different groups: strategic, tactical and operational. Risk mitigation strategies are recommended to mitigate the RL risk factors by drawing on supply chain risk management approaches.Originality/valueThis paper studies risks in RL and recommends risk management strategies to control and mitigate risk factors to implement RL successfully.

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Supply Chain Risk Management

Supply Chain Sustainability and Raw Material Management ◽

10.4018/978-1-61350-504-5.ch010 ◽

2011 ◽

pp. 176-204 ◽

Cited By ~ 2

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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Supply Chain Risk Management: Literature Review

Risks ◽

10.3390/risks9010016 ◽

2021 ◽

Vol 9 (1) ◽

pp. 16

Author(s):

Amulya Gurtu ◽

Jestin Johny

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Network Flow ◽

Business Environment ◽

Mitigation Strategies ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

The Impact

The risks associated with global supply chain management has created a discourse among practitioners and academics. This is evident by the business uncertainties growing in supply chain management, which pose threats to the entire network flow and economy. This paper aims to review the existing literature on risk factors in supply chain management in an uncertain and competitive business environment. Papers that contained the word “risk” in their titles, keywords, or abstracts were selected for conducting the theoretical analyses. Supply chain risk management is an integral function of the supply network. It faces unpredictable challenges due to nations’ economic policies and globalization, which have raised uncertainty and challenges for supply chain organizations. These significantly affect the financial performance of the organizations and the economy of a nation. Debate on supply chain risk management may promote competitiveness in business. Risk mitigation strategies will reduce the impact caused due to natural and human-made disasters.

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A Fuzzy-Based Holistic Approach for Supply Chain Risk Assessment and Aggregation Considering Risk Interdependencies

Applied Sciences ◽

10.3390/app9245329 ◽

2019 ◽

Vol 9 (24) ◽

pp. 5329 ◽

Cited By ~ 3

Author(s):

Alina Díaz-Curbelo ◽

Ángel M. Gento ◽

Alfonso Redondo ◽

Faisal Aqlan

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Supply Chain ◽

Holistic Approach ◽

Mitigation Strategies ◽

Assessment Process ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Cascading Effects ◽

The Impact

Supply chain risk management requires dealing with uncertainty, interrelations, and subjectivity inherent in the risk assessment process. This paper proposes a holistic approach for risk management that considers the impact on multiple performance objectives, the relation between risk agents, and the risk event interdependencies. An aggregated risk score is proposed to capture the cascading effects of common risk triggers and quantify the aggregated score by risk agent and objective. The approach also uses fuzzy logic to allow for the treatment of vague and ambiguity data as input parameters to the model from different domains and scales, according to knowledge and criteria nature. The integration of the balanced scorecard tool improves the analysis and prioritization of mitigation strategies in decision-making, both by risk agent and by strategic objective. A case study of a telecommunication company is presented to illustrate the applicability of the proposed approach.

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Port-related conflict at port of Gothenburg – consequences from a fashion retailer’s perspective

Journal of Shipping and Trade ◽

10.1186/s41072-020-00059-x ◽

2020 ◽

Vol 5 (1) ◽

Author(s):

Erica Lindroth ◽

Hà Huong ◽

Rickard Bergqvist

Keyword(s):

Risk Management ◽

Supply Chain ◽

Life Cycles ◽

Mitigation Strategies ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Supply Chain Disruptions ◽

Negative Effect ◽

Short Product

AbstractPrevious research have distinguished the risks of supply chain disruptions and the negative effect of supply chain disruption on operational performance in terms of sales, costs and inventory. However, few researchers have studied supply chain risk management and strategies in relation to port conflicts. The 2016 port conflict at a major logistics port in Scandinavia, the Port of Gothenburg, posed an opportunity to study risk management and strategies in the context of major port disruptions, in this case, a labour conflict. The fashion retail industry was affected especially hard due to the short product life cycles and this paper, by means of case study method and analysis, investigates five cases in order to understand how they were affected and what mitigation strategies was used. Results illustrates that during the port conflict, the percentage of increase in logistics cost ranged between 15% and 70%, greatly affected by what mitigation strategy was used by the case company.

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Effect Of Supply Chain Risk Management On Organization Performance: A Case Study Of National Foods Manooabad Muridke District Sheikhupura

International Journal of Social Sciences and Economic Review ◽

10.36923/ijsser.v1i1.22 ◽

2019 ◽

Vol 1 (1) ◽

pp. 1-7

Author(s):

Shafiq Ahmad ◽

Muhammad Arfan Hadyait ◽

Muhammad Mohsin Rashid

Keyword(s):

Risk Management ◽

Supply Chain ◽

Risk Identification ◽

Mitigation Strategies ◽

Control Measures ◽

General Context ◽

Organization Performance ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Supply Chain Risks

Purpose: Previously there are many studies that focused on risk management in general context and little attention was paid on how supply chain risks management effects an organization profit and performance. The main aim of our study to explore the effect of supply chain risk management on organization performance in national foods Manooabad Muridke district Sheikhupura. Methodology: This study conducted in National foods Manooabad Muridke. Data were collected by using questioner from the employees of National foods Manooabad Muridke. SPSS 22 (Statistical package for social sciences) was used to analyze the collected data. Main Findings: This study is an attempt to check the effects of supply chain risk management variables to the performance of the organization. Three main supply chain risk management variables were identified namely, supply chain risk identification, supply chain risk sources and supply chain risk mitigation. We find that risk register method is mainly used for the identification of risks in the supply chain at any level. The most important risks of our study that are supplier risks, environmental risks, political risks, markets risks, warehousing risks, and financial risks. In mitigation strategies that are good to mitigate the risk in supply chain risk avoidance measures, risk control measures and risk cooperation measures. Applications: We concluded that it is important for an organization to identify risks proactively as early as possible in the decision-making process. Different types of risks need to be identified in all process of supply chains. After all the identification of risks, the organization needs to be mitigated these risks by using different mitigate strategies plan. Originality: In the future, this study will be helpful for many organizations which deal with food items consumed by people. As in this study, we worked on supply chain risks and their management before many studies were conducted generally on risk management so this study especially focused on supply chain risks. There is a need to conduct more study in this regard in different industries so better information available to people to control risks in supply chain management.

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Proactive risk mitigation strategies and supply chain risk management performance: an empirical analysis for manufacturing firms in Turkey

Journal of Manufacturing Technology Management ◽

10.1108/jmtm-08-2019-0299 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Cited By ~ 1

Author(s):

Yesim Can Saglam ◽

Sibel Yildiz Çankaya ◽

Bulent Sezen

Keyword(s):

Risk Management ◽

Supply Chain ◽

Risk Mitigation ◽

Business Environment ◽

Mitigation Strategies ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Content Type ◽

Risk Mitigation Strategies ◽

The Relationship

PurposeIn spite of its potential benefits in a wide range of situations, supply chain risk mitigation strategies have received scant attention on the subject of managing the supply chain risk in the business environment. Especially, there is still a limited understanding of the importance of firms’ supply chain flexibility, resilience and responsiveness in the supply chain risk management (SCRM) literature. This research focuses on exploring the relationship between significant proactive risk mitigation strategies, namely supply chain (SC) flexibility, resilience and responsiveness, as well as SCRM performance to facilitate bridging the gap between mitigation strategies and SCRM performance. The moderating role of risk management (RM) culture was also hypothesized and tested.Design/methodology/approachA survey-based methodology is adopted. The data are analyzed using the technique of partial least squares.FindingsThe results indicate that SC resilience and responsiveness are positively associated with SCRM performance; however, SC flexibility does not. In addition, interestingly, RM culture does not moderate these relationships in spite of the extant literature. We argue that this could be due to the fact that risk management culture is at the beginning stage for an enterprise in Turkey.Originality/valueThis study extends the existing literature by advancing the knowledge on the relationship between proactive risk management strategies, which applied to overcome uncertainties and SCRM performance.

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