scholarly journals Analysis of Compliance and Supply Chain Security Risks Based on ISO 28001 in a Logistic Service Provider in Indonesia

2021 ◽  
Vol 11 (2) ◽  
pp. 135-142
Author(s):  
Elisa Kusrini ◽  
Kholida Hanim
Keyword(s):  
Supply Chain ◽  
Service Provider ◽  
Gap Analysis ◽  
Risk Mitigation ◽  
Security Risk ◽  
Security Risks ◽  
Effect Analysis ◽  
Supply Chain Security ◽  
Logistic Service ◽  
Managing Risk

Risk of goods and security incidents, such as theft, boycott, smuggling and terrorism are likely to occur in a shipping process, therefore risk controls are needed to reduce the adverse effects. A research on the supply chain security risk management based on ISO 28001 security supply chain is conducted to overcome such problems. The purpose of this research is to analyse compliance & supply chain security risks and propose a mitigation based on ISO 28001 in a logistic service provider in Indonesia. A gap analysis is conducted to assess the compliance of security performance in seven areas, i.e. supply chain security management, security plans, asset security, personnel security, information security, security of goods & conveyance and transportation units closed cargo. The result of the assessment showed that a compliance level of above 75% indicates that the company is ready to implement an ISO 28001. The risk mitigation plan is proposed based on Failure mode effect analysis (FMEA) which calculates the Risk Priority Number (RPN). The RPN value indicates the level of risk where the higher the value, the more critical the risk and become the priority to handle. The mitigation proposed for managing risk are reducing, sharing and avoiding.

Risk assessment and operational approaches to managing risk in global supply chains

2014 ◽  
Vol 25 (6) ◽  
pp. 873-890 ◽  
Author(s):  
Sameer Kumar ◽  
Katie J. Himes ◽  
Collin P. Kritzer
Keyword(s):  
Supply Chain ◽  
Design Methodology ◽  
Risk Mitigation ◽  
Global Supply Chains ◽  
Design Strategies ◽  
Content Type ◽  
Risk Areas ◽  
Managing Risk ◽  
Supply Chain Risks ◽  
A Company

Purpose – The purpose of this paper is to provide the organization with a process for assessing risk associated with their supply chain and a framework from which they can build their strategy to manage risk. Design/methodology/approach – The proposed process is based on a compilation of research and interactions with supply chain managers in various industries, and these sources provide a specific process to identify how critical the risk is, when to act upon it, and how to manage it. An adapted risk mitigation framework organizes strategies according to the likelihood of disruption and consequences. Included is an industry example used to demonstrate the framework. Findings – The variability and uncertainty associated with supply chain risks make disruption difficult to predict. Furthermore, getting information from suppliers about the amount of risk associated with their operation in an attempt to scope one's own risk can be a challenge. Management must consider the amount of risk the organization is going to accept and how much to invest to mitigate it. Originality/value – To manage the risk associated with supply chain disruption, an organization must deploy a strategy for assessing it. Once risk areas have been identified, the organization must design strategies which will mitigate the risk. The depth and degree to which risk is mitigated depends upon how risk-averse a company is and what they are willing to invest in this activity.

scholarly journals An Empirical Study of Supply Chain Frangibility and Risk Management in Indian Automobile Industry

2021 ◽  
Author(s):  
Arora Ankit ◽  
Rajagopal Rajesh
Keyword(s):  
Risk Factors ◽  
Supply Chain ◽  
Automobile Industry ◽  
Lead Time ◽  
Risk Mitigation ◽  
Transportation Network ◽  
Demand Forecasting ◽  
Bullwhip Effect ◽  
Effect Analysis ◽  
Supply Chain Efficiency

Abstract The automobile sector in India is one the key segment of Indian economy as it contributes to 4% of India’s GDP and 5% of India’s Industrial production. The supply chain of any firm is generally dependent on six driving factors out of which three are functional (information, inventory, and facilities) and 3 are logistic (sourcing, pricing, and transportation). The risk causing factors in supply chains consists of various levels of sub-factors under them. Say for instance, under supply risk, the sub-factors can be poor logistics at supplier end, poor material quality etc., under demand risk, the sub-factors can be inaccurate demand forecasting, fluctuating demand, bullwhip effect, and under logistics risk, the sub-factors can be poor transportation network, shorter lead time, stock outs. Through this study, we observe to find the effect of these factors in the supply chain. We use Failure Mode and Effect Analysis (FMEA) technique to prioritize the various types of risk into zones namely high, medium and low risk factors. Also, we use the Best Worst Method (BWM), a multi-criteria decision-making technique to find out the overall weightings of different risk factors. The combination of these methods can help an organization to prioritize various risk factors and proposing a proper risk mitigation strategy leading to increase in overall supply chain efficiency and responsiveness.

Complex Interdependency of IT Security Risk in B2B Supply Chain

2018 ◽  
pp. 269-285
Author(s):  
Tridib Bandyopadhyay
Keyword(s):  
Supply Chain ◽  
Cost Saving ◽  
Supply Chains ◽  
The Other ◽  
It Security ◽  
Security Risk ◽  
Security Risks ◽  
Information Processes ◽  
It Managers ◽  
Information Assets

Managers often decide to integrate supply chains of collaborating firms. Whether such decisions are for competitive posture, cost saving or operational efficiencies, it is important to understand that supply chains integrate not only the flow of goods but also the information processes and assets and more often than not, the IT networks of the firms. Thus two developments occur. First, IT security losses of one firm collocate at the other firm's servers as information assets like demand forecasts are shared. Second, the Intranets of both firms get connected with the help of VPN or similar technologies, making it possible that a breach can travel from one firm to the other. This in turn makes IT security risks of SC firms strategically interdependent. This chapter analyzes such interdependent IT security risks and provides insights for SC and IT managers who are poised to collaborate with other downstream or upstream partner firms.

Differences in security risk perceptions between logistics companies and cargo owners

2016 ◽  
Vol 27 (2) ◽  
pp. 418-437 ◽  
Author(s):  
Luca Urciuoli ◽  
Juha Hintsa
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Latin American ◽  
Risk Perceptions ◽  
Mitigation Strategies ◽  
Security Measures ◽  
Security Risk ◽  
Security Risks ◽  
Content Type ◽  
Perception Of Security

Purpose – Supply chain stakeholders may perceive security risks differently and thereby misalign mitigation strategies. Hence, causing weak spots in supply chains and thereby disruptions. The purpose of this paper is to determine whether supply chain companies actually perceive security risks and effectiveness of mitigation strategies differently. Design/methodology/approach – Two survey studies measuring perception of security risks and effectiveness of measures have been developed and used to collect data from European and Latin American companies, grouped as cargo owners and logistics companies. Findings – The findings of the surveys unveil that only two (out of six) security risks, namely, violation of customs non-fiscal regulations and illegal immigration, show significant differences between the two groups of companies. In addition, the surveys show that companies perceive equally the effectiveness of security measures. This study concludes that supply chains seem to have good visibility over the security risks of their partners. Hence, in terms of security, supply chain companies seem to have achieved a common understanding of risks and furthermore are able to act jointly to secure assets and operations. Originality/value – Previous research claim supply chain stakeholders may perceive risks differently and thereby may fail to correctly align mitigation strategies. Yet, to the authors knowledge, previous research has not empirically demonstrated these differences in perceptions of risks and mitigation strategies.

Evaluation of risks in foodgrains supply chain using failure mode effect analysis and fuzzy VIKOR

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rishabh Rathore ◽  
J. J. Thakkar ◽  
J. K. Jha
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Supply Chain ◽  
Failure Mode ◽  
Risk Mitigation ◽  
Supply Chain System ◽  
Effect Analysis ◽  
Content Type ◽  
Fuzzy Vikor ◽  
Multiple Attribute

PurposeThis paper investigates the risks involved in the Indian foodgrain supply chain (FSC) and proposes risk mitigation taxonomy to enable decision making.Design/methodology/approachThis paper used failure mode and effect analysis (FMEA) for risk estimation. In the traditional FMEA, risk priority number (RPN) is evaluated by multiplying the probability of occurrence, severity and detection. Because of some drawbacks of the traditional FMEA, instead of calculating RPN, this paper prioritizes the FSC risk factors using fuzzy VIKOR. VIKOR is a multiple attribute decision-making technique which aims to rank FSC risk factors with respect to criteria.FindingsThe findings indicate that “technological risk” has a higher impact on the FSC, followed by natural disaster, communication failure, non-availability of procurement centers, malfunctioning in PDS and inadequate storage facility. Sensitivity analysis is performed to check the robustness of the results.Practical implicationsThe outcomes of the study can help in deriving detailed risk mitigation strategy and risk mitigation taxonomy for the improved resilience of FSC.Originality/valueSpecifically, this research investigates the risks for foodgrains supply chain system for a developing country such as India, an area which has received limited attention in the present literature.

scholarly journals Supply Chain Risk Mapping and Analysis: A FMEA Implementation on Biofuel Downstream Supply Chain

2018 ◽  
Vol 6 (6) ◽  
Author(s):  
Tedy Wachyudi ◽  
Arief Daryanto, Mahfud ◽  
Yandra Arkeman
Keyword(s):  
Supply Chain ◽  
Risk Mitigation ◽  
Practical Implementation ◽  
Supply Chain Risk ◽  
Effect Analysis ◽  
Related Risk ◽  
Research Level ◽  
Supply Chain Risks ◽  
Feedstock Availability ◽  
Level Of Analysis

The domestic biofuel program of Indonesia has been facing number of dynamics and challenges, such as: low production, uncertainty of feedstock availability, low realized consumption, price fluctuation and less competitive, unfit and viewer infrastructure, imbalance distribution. This study aims to map and analyze supply chain risks of biodiesel downstream business and offers a practical implementation of Failure Mode and Effect Analysis (FMEA) in the supply chain risk analysis. It employs a qualitative approach. A semi-structured surveys and interviews applied in data collection. The research level of analysis is at corporate level. The study result shows that there are three highest risks arise related to regulation related risk, product arrival (delays) risk and transportation facilities risk with the Risk Priority Number (RPN) of 72 to 48 and the Risk Score Value (RSV) of 24 to 16. The result also shows that there is correlation between stakeholder types, locations and levels of information with their perception of biodiesel supply chain risk and risk priorities. The result may become a valuable input for developing such risk mitigation strategy to improve and enhance the effectivity and the sustainability of supply chain in both the company and the biodiesel industry.

scholarly journals Modeling Supply Chain Sustainability-Related Risks and Vulnerability: Insights from the Textile Sector of Pakistan

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Muhammad Hashim ◽  
Muhammad Nazam ◽  
Muhammad Zia-ur-Rehman ◽  
Muhammad Abrar ◽  
Sajjad Ahmad Baig ◽  
...  
Keyword(s):  
Risk Factors ◽  
Supply Chain ◽  
Large Scale ◽  
Risk Mitigation ◽  
Sustainable Manufacturing ◽  
Manufacturing Industries ◽  
Sustainable Supply Chain ◽  
Effect Analysis ◽  
Pareto Analysis ◽  
Textile Supply Chain

Abstract Sustainability-related risk and vulnerability management have attained significant attention from academia and industry. Manufacturing industries in developing countries such as Pakistan are under severe economic pressure and striving to boost sustainable supply chain practices for achieving business excellence. In this context, the objectives of the present research are to examine the critical supply chain risks associated with sustainable development goals, namely social, economic, and environmental factors. The failure mode and effect analysis (FMEA) technique is employed for categorizing the risk factors and Pareto analysis for highlighting the more crucial and risky factors. For this purpose, a large-scale survey was carried out in the textile industries of Pakistan to develop a risk mitigation model for sustainability-related risks and vulnerability in a textile supply chain (TSC). It captures the input expressions of experts for risk factors, namely severity (s), occurrence (o), and detection (d) for calculating the risk priority numbers (RPNs) of identified alternatives. The results depict that endogenous environmental risks categorize as the most significant for the textile manufacturing industries, and the interfaces between the various risks associated with sustainability-related are also found very high. This study would be a toolkit for the industrial managers and policy-makers for creating sustainable manufacturing culture on organizational premises.

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