scholarly journals Influence of Supply Chain Risk Factors on the Price of Petroleum Products among Oil Marketing Companies in Kenya

2021 ◽  
Vol 5 (2) ◽  
pp. 100-120
Author(s):  
Brian Kimani ◽  
Stephen Mutiso
Keyword(s):  
Social Sciences ◽  
Risk Factors ◽  
Supply Chain ◽  
Qualitative Data ◽  
Research Study ◽  
Petroleum Products ◽  
Multiple Regression Model ◽  
Coefficient Of Determination ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk

Purpose: The purpose of the study is to investigate the influence of supply chain risk factors on the price of petroleum products among Oil Marketing Companies (OMCs) in Kenya with a view of making recommendations on mitigating supply chain risk factors. Methodology: This research study adopted  both descriptive and inferential statistics where data collected from 159 respondents using questionnaires is analysed and fitted into multiple regression model. The qualitative data generated was analysed by use of Statistical Package of Social Sciences (SPSS) version 22.Structured and semi structured questionnaires were used to collect data. Data gathered from the questionnaires administered was analyzed by the help of Ms Excel and SPSS version 22, while output was presented inform of frequency tables and charts.   Results and conclusion: The findings of the study demonstrated that supply chain risk factors i.e. that transportation and delivery, inbound cost fluctuations and geo-politics have a positive relationship with price of petroleum products among Oil Marketing Companies (OMCs). However, the coefficient of determination (R2 = 0.6.) revealed that only 60% of variations in the price of petroleum product could be attributed to the supply chain risk factors under investigation. The remaining 40% is attributed to other variables that were not examined in this study. In Conclusion, the price of petroleum products among oil marketing companies can be influenced by transportation and delivery, inbound cost fluctuations and geo-politics Policy recommendation: Finally, the study recommended that Oil marketing companies to develop sophisticated supply chain risk management systems in order become less vulnerable to shocks and disruptions; and reduce exposure.

scholarly journals Highlighting the Importance of Considering the Impacts of Both External and Internal Risk Factors on Operational Parameters to Improve Supply Chain Risk Management

IEEE Access ◽  
2019 ◽  
Vol 7 ◽  
pp. 49297-49315 ◽  
Author(s):  
Abdullah Salamai ◽  
Omar K. Hussain ◽  
Morteza Saberi ◽  
Elizabeth Chang ◽  
Farookh Khadeer Hussain
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Risk Management ◽  
Operational Parameters ◽  
Supply Chain Risk ◽  
Improve Supply Chain

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

2020 ◽  
Vol 58 (7) ◽  
pp. 1449-1474 ◽  
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.

The Research and Management Strategies of Supply Chain Risks

2014 ◽  
Vol 644-650 ◽  
pp. 5523-5527
Author(s):  
Ran Ding
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Management Strategies ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Future Studies ◽  
Countermeasures And Suggestions ◽  
Supply Chain Risks

The competition between supply chains is increasingly fierce on the current, supply chain risk management is got more attention by people. This paper elaborates definitions and meaning of the supply chain risk and supply chain risk management at first, followed by the classification of supply chain risk factors whose features are analyzed and compared thereafter. In the last, the paper proposes countermeasures and suggestions on supply chain risk management, which provides a useful reference for the future studies.

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

2011 ◽  
Vol 1 (3) ◽  
pp. 109-114 ◽  
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.

Supply Chain Risk Management

2018 ◽  
Vol 11 (3) ◽  
pp. 87-104 ◽  
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.

scholarly journals Supply chain risk factors in Viet Nam apparel industry

2017 ◽  
Vol 1 (Q4) ◽  
pp. 61-69
Author(s):  
Hang Thi Thu Nguyen ◽  
Luu Thanh Do ◽  
Loan Thi Cam Bui
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Apparel Industry ◽  
Future Research ◽  
Viet Nam ◽  
Supply Chain Performance ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Depth Interviews

The global competitive environment is more and more severe competition; in many sectors, the products life cycle in the market is shorter and shorter. Besides, the increasing level of customer demand that drives the enterprises must invest, and focus more on the supply chain. Supply chain operations with many members in different countries are always present with many uncertainties, so risk management plays an important role in efficient supply chain performance. This paper focuses on reviewing literature related to supply chain risk management, the characteristics of the apparel industry, and conducting in-depth interviews with some managers at some garment enterprises in HCMC to identify risk factors of the Vietnam apparel supply chain when producing FOB orders. Based on that, this is the basis for future research on supply chain risk management Vietnam’s apparel industry.

scholarly journals Supply chain risk management and risk ranking in the automotive industry

2020 ◽  
Vol 27 (1) ◽  
Author(s):  
Gabriela Costa Dias ◽  
Cecilia Toledo Hernandez ◽  
Ualison Rébula de Oliveira
Keyword(s):  
Risk Factors ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Risk Management ◽  
Structured Interviews ◽  
Supply Chain Risk ◽  
Analytic Hierarchy ◽  
Production Chain ◽  
Risk Ranking ◽  
Risk Management Process

Abstract Supply chain risk management (SCRM) has a strong influence on the cooperation among partners and the performance of the entire production chain. A supply chain designed to minimize risks enables firms to establish a competitive position and provides long-term benefits to stakeholders. The SCRM system should be structured to manage both routine and extraordinary risks, such as natural disasters and major accidents. The risks should be managed both reactively, by monitoring changes in the chain, the needs of customers, technology and the strategies of suppliers and competitors, among others, to enable quick reaction to events; and proactively, to identify risks and implement actions to prevent them or minimize their impacts. The basic risk management process consists of identifying, evaluating, mitigating and controlling risks. The objective of this paper is to analyze how a carmaker identifies and manages the risk factors in its supply chain. To achieve this aim, we performed a qualitative, applied and exploratory field study of a Brazilian automaker. The data were collected by structured interviews, and the analytic hierarchy process was applied to rank the risk factors, resulting in a risk matrix that can be an instrument for making decisions by the company studied.

An approach to evaluating sustainable supply chain risk management based on BWM and linguistic value soft set theory

2020 ◽  
Vol 39 (3) ◽  
pp. 4369-4382
Author(s):  
Xinrui Zhang ◽  
Bingzhen Sun ◽  
Xiangtang Chen ◽  
Xiaoli Chu ◽  
Jianan Yang
Keyword(s):  
Risk Factors ◽  
Decision Making ◽  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Soft Set ◽  
Supply Chain Risk Management ◽  
Sustainable Supply Chain ◽  
Supply Chain Risk ◽  
Chain Management

Companies are attaching more and more importance to sustainable supply chain management (SSCM) as which makes the right strategy measures for companies. Due to the complexity of external environmental factors and internal structure, sustainable supply chain management is vulnerable to various risks. The purpose of this paper is to present a new two-stage approach for determining the best practitioner in Iran Pars Special Economic Energy Zone based on the sustainable supply chain risk management (SSCRM). The best and worst method (BWM) is used to determine the weight of risk factors. Then the method of linguistic value soft set is used to assess the impact of risk factors on each company’s sustainable supply chain which is a multiple attribute decision making problem with language preference in the second stage. Consequently, the ranking results of sustainable supply chain of each enterprise are obtained. This study contributes to finding the key risk factors of SSCRM. Evaluating these companies SSCRM with preference information, the best practitioner can obtain. The combination of BWM and linguistic value soft set approach provides a new nonparametric theoretical method and tool for this kind of decision-making problems with this background. At the same time, the conclusions of this study have guiding significance for the implementation of industrial supply chain. Limitations of the study along with future research directions are also presented.

Supply Chain Risk Management – Relevanz und Handlungsbedarf

2011 ◽  
Vol 106 (5) ◽  
pp. 301-305
Author(s):  
Marco Hermann ◽  
Anja Schatz
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk
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