Supply Chain Risk Management Driven By Action Learning

Supply Chain Optimization, Management and Integration ◽

10.4018/978-1-60960-135-5.ch015 ◽

2011 ◽

pp. 212-229

Author(s):

H.P. Borgman ◽

Wilfred Rachan

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Risk Mitigation ◽

Action Learning ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

Sustainable Improvement ◽

The Difference

This chapter is the outcome of our consolidated learning on “Supply Chain Risk Management” and “Action Learning in Supply Chains” over a period from 2006 to 2010. We have also published several papers in this domain; please refer to the bibliography section. Although there is a substantial volume of literature on the topic of Supply Chain Management and no lack of coverage today on Risk Management, our motivation was guided by our desire to put into context, both from an academic and Industry perspective, a practical methodology for supply chain risk mitigation based on a proven theory of learning. This methodology will enable industry practitioners of supply chain management to comprehend and act upon risk i.e. identification, assessment, response, monitoring and evaluation. Risk Management in Supply Chain is not a “one-off” transaction but rather an ongoing practice of problem solving and organizational learning i.e. a continuous methodology for sustainable improvement. The methodology provides a means to structure past problems as knowledge to be used by the organization and increase preparedness for facing new challenges. In a global competitive market, successful management of risk in supply chain can be the difference between corporate success and failure.

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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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Meminimasi Risiko pada Rantai Pasok Menggunakan Kerangka Kerja Suplly Chain Risk Management di PT. Adhi Chandra Dwiutama

Jurnal Rekayasa Hijau ◽

10.26760/jrh.v3i1.2818 ◽

2019 ◽

Vol 3 (1) ◽

Author(s):

Arief Irfan Syah Tjaja ◽

Dio Rizcki Sekartyasto ◽

Arif Imran

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Business Processes ◽

Risk Mitigation ◽

Risk Identification ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

Risk Management Process

ABSTRAKRantai Pasok merupakan jaringan dari perusahaan- perusahaan yang bekerja secara bersama untuk menciptakan dan mengantarkan suatu produk ke konsumen akhir. Perusahaan - perusahaan tersebut bergerak di bidang supplier, manufaktur, distributor, ritel/toko dan perusahaan jasa logistik. Didalam rantai pasok terdiri dari berbagai aliran informasi yang harus dikelola oleh perusahaan. Oleh karena itu, untuk menciptakan rantai pasok yang terintegritas dan unggul perusahaan perlu mengelola rantai pasok dengan menggunakan supply chain management. Dalam proses rantai pasok, manajemen risiko rantai pasok dibutuhkan untuk mengendalikan risiko-risiko yang mungkin muncul agar tidak menggangu berjalannya rantai pasok. Proses manajemen risiko rantai pasok dimulai dengan identifikasi proses bisnis dalam rantai pasok, lalu mengidentifikasi risiko dalam proses bisnis. Kemudian dilakukan penilaian nilai konsekuensi dan probabilitas melalui kuesioner. Identifikasi risiko menghasilkan 64 risiko, 33 risiko dengan tingkat rendah, 21 dengan tingkat menengah, dan 10 tingkat tinggi. Setelah mendapatkan risiko berdasarkan tingkatannya, dilakukan perancangan mitigasi terhadap risiko yang paling tinggi.Kata kunci: Rantai Pasok, Manajemen Risiko Rantai Pasok, MitigasiABSTRACTSupply Chain is a network of companies that work together to create and deliver a product into the hands of the end user. These companies usually include suppliers, manufactur, distributors, retail / stores and logistic service companies. In the supply chain consists of various streams of information that must be managed by the company. Therefore, to create an integrated and superior supply chain, companies need to manage supply chains using supply chain management. In the supply chain, supply chain risk management is needed to control the risks that may happen in order not to disrupt supply chain. Supply chain risk management process begins with the identification of business processes in the supply chain, then identify risks in the business process. After that, a risk assessment is performed to assess the risk probability and consequences through the questionnaires. Risk identification brings out 64 risks, 33 lowrisk, 21 to medium-risk, and 10-high risk. After obtaining the risk based on its level,then do some design risk mitigation to the high-risk.Keywords: Supply chain, supply chain risk management, mitigation

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Integrated supply chain risk management

Journal of Transport and Supply Chain Management ◽

10.4102/jtscm.v1i1.3 ◽

2007 ◽

Vol 1 (1) ◽

Cited By ~ 5

Author(s):

Riaan Bredell ◽

Jackie Walters

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Theory And Practice ◽

Modern World ◽

Management Decision ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

Integrated Supply Chain

Integrated supply chain risk management (ISCRM) has become indispensable to the theory and practice of supply chain management. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Integrated supply chain risk management provides supply chain organisations with a level of insight into their supply chains yet to be achieved. If correctly applied, this process may optimise management decision-making and assist in the protection and enhancement of shareholder value.

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Promising research fields in supply chain risk management and supply chain resilience and the gaps concerning human factors: A literature review

Work ◽

10.3233/wor-203298 ◽

2020 ◽

Vol 67 (2) ◽

pp. 487-498

Author(s):

Pedro Senna ◽

Augusto da Cunha Reis ◽

Alexandre Castro ◽

Ana Claudia Dias

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Literature Review ◽

Human Factors ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Related Factors ◽

Chain Management ◽

Supply Chain Resilience

BACKGROUND: Recent studies concerning supply chain management have shown that topics such as supply chain risk management (SCRM) and supply chain resilience (SCRes) are the new trends in supply chain management. Initial studies in the early 2000s developed frameworks to identify, measure and mitigate risks and assess/evaluate the degree of resilience of a company or supply chain. Recently, a large variety of studies has emerged, including more conceptual and review studies as well as more sophisticated, quantitative studies. However, studies on human-related factors are still lacking, and there is no systematic method to answer questions such as “What literature is available concerning human factors related to SCRM and SCRes?”, “Which human factors contribute to SCRes?” and “Which human factor can amplify SC Risks?” OBJECTIVE: The main goal of this paper is to conduct a systematic literature review to identify human factors that impact supply chain resilience and supply chain risk management. METHOD: This study was performed using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) method. The objective of using this review protocol is to ensure that the review has the minimum amount of bias due to research expectations. RESULTS: This study highlighted a summary of human-related risk and resilience factors as well as a discussion about these preliminary findings. CONCLUSIONS: As our main conclusion, we highlight that human factors may generate significant risks in the supply chain, nevertheless, there are other human factors that must be nourished to obtain SCRes.

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The Human Side of Supply Chains

Supply Chain Innovation for Competing in Highly Dynamic Markets ◽

10.4018/978-1-60960-585-8.ch019 ◽

2012 ◽

pp. 290-314 ◽

Cited By ~ 1

Author(s):

Alessandro Ancarani ◽

Carmela Di Mauro

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Time Effects ◽

Chain Management ◽

Future Developments ◽

Perception Time ◽

Human Side

The adoption of the behavioural approach for the study of OM and Supply Chain Management is still fairly novel. However, there is evidence that in order to improve supply chain management it is crucial to develop models that correctly describe human behaviour. Failure to account for behavioural components such as risk perception, time effects and social interaction may lead to models that are biased in their predictions. This chapter reviews extant behavioural research relevant to supply chain risk management. In particular, its implications for supply chain management are outlined, and opportunities for future developments of theory that is robust to behavioural effects are identified.

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The Human Side of Supply Chains

Supply Chain Management ◽

10.4018/978-1-4666-2625-6.ch086 ◽

2012 ◽

pp. 1453-1476

Author(s):

Alessandro Ancarani ◽

Carmela Di Mauro

Keyword(s):

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Time Effects ◽

Chain Management ◽

Future Developments ◽

Perception Time ◽

Human Side

The adoption of the behavioural approach for the study of OM and Supply Chain Management is still fairly novel. However, there is evidence that in order to improve supply chain management it is crucial to develop models that correctly describe human behaviour. Failure to account for behavioural components such as risk perception, time effects and social interaction may lead to models that are biased in their predictions. This chapter reviews extant behavioural research relevant to supply chain risk management. In particular, its implications for supply chain management are outlined, and opportunities for future developments of theory that is robust to behavioural effects are identified.

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Analyzing the Risk Factors of Supply Chain Management in Indian Manufacturing Organizations

Journal of Education and Vocational Research ◽

10.22610/jsds.v1i3.634 ◽

2011 ◽

Vol 1 (3) ◽

pp. 109-114 ◽

Cited By ~ 2

Author(s):

Rana Basu ◽

Pranab K Dan .

Keyword(s):

Risk Factors ◽

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Point Of View ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

Manufacturing Organizations ◽

Integrated Supply Chain

Today organizations of any magnitude have heavily integrated supply chain. The supply chain management consists of all parties involved, directly or indirectly in fulfilling customer request. There is an immense growth which has expanded from the traditional point of view as not only of physical distribution of materials but also to services. Implementing supply chain risk management has been troubleshooting in many organizations. In practice assessing risk management in supply chain is rather underdeveloped and often dealt with informal and reactive manner. As risk management issues today is subjected to substantial research and the organizations are trying to mitigate the risk issues so as to maintain the smooth operation of supply chain. The purpose of this paper is to identify and prioritize the risk factors in context to supply chain management of Indian manufacturing organizations. The research presented here is specifically targeted to Indian manufacturing organizations which are managing the supply chain operations. This paper deals with the risk issues and thus empirically assesses which risk factors are most influencing one in supply chain operations which must be given careful attention.

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Supply Chain Risk Management

International Journal of Information Systems and Supply Chain Management ◽

10.4018/ijisscm.2018070105 ◽

2018 ◽

Vol 11 (3) ◽

pp. 87-104 ◽

Cited By ~ 6

Author(s):

K. Madhu Kishore Raghunath ◽

S. Lakshmi Tulasi Devi

Keyword(s):

Risk Factors ◽

Risk Management ◽

Supply Chain ◽

Supply Chain Management ◽

Supply Chains ◽

Supply Chain Risk Management ◽

Supply Chain Risk ◽

Chain Management ◽

Modern Methods ◽

Supply Chain Risks

This article describes how as mankind has been ever-evolving, so are their needs, growing in leaps and bounds. Risk management in supply chains have become a prerequisite as it involves a series of steps like procuring, processing, and distribution, where risk has to be managed. Given the advent of technology and transformation of supply chain management from traditional to modern methods, a lot has changed, and of course with ever-evolving technology, the organisations have become adept at handling risks associated with many factors within the organisation and outside the organisation. In this article, the authors will analyse the percentage impact of external and internal supply chain risk factors on various supply chain decisions, and also project various tools available to mitigate Supply chain risks.

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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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