In the past few years, we have witnessed several developments in each and every area of life. The development in the technology and introduction of new way outs have influenced all the areas of business and the supply chain of an organization as well. The markets are now not limited to the boundary of a single country but they are establishing themselves on a global level. Due to globalization, organizations have planned to redefine their supply chain management policies due to a huge incline in the demand and supply of products and services globally. Along with the profits to getting global, there are many risks faced by the supply chain of an organization. These risks can be man- made risks or natural calamities. Interruption in delivery of raw material, fluctuating prices in the market and rapid increase in the demand of the customer are also considered as supply chain risks. To operate the business effectively by delivering the product or service to the customers on right time and right place is the main goal of every business (Mentzer et al., 2001) To achieve this goal, a business should implement some strategies to manage the risk that are involved in the supply chain. There are many approaches suggested by the researches in order to manage and mitigate the supply chain risks. This paper is an attempt to gather knowledge about the approaches used in managing the supply chain risks. These approaches are discussed in this paper and a critical analysis of them is also conducted. In the end of this paper, some recommendations about the approaches is also given that may help in the future research of the risk management strategies.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Supply chain management
- Risk
- Risks in Supply Chain Management
- Supply Chain Risk Management
- Approaches to Supply Chain Risk Management
- Managerial perception about risk
- Collaborative Contracts Approach
- Visibility and Traceability Approach
- Risk Propagation Approach
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to explore various approaches for managing supply chain risks in the context of globalization and increased complexity. It analyzes existing research and provides a critical assessment of the different strategies employed.
- Supply Chain Risk Management in a Globalized Environment
- The Impact of Globalization on Supply Chain Risks
- Different Approaches to Managing Supply Chain Risks
- Critical Analysis of Supply Chain Risk Management Strategies
- Recommendations for Future Research in Supply Chain Risk Management
Zusammenfassung der Kapitel (Chapter Summaries)
The introductory chapter lays out the context of supply chain risk management, highlighting the increasing complexity and interconnectedness of global supply chains in the face of various risks such as fluctuating market conditions, natural disasters, and disruptions in the supply of raw materials.
The following section delves into the concept of supply chain management itself, outlining its role in managing the network of businesses involved in providing products and services to consumers.
Chapter three introduces the fundamental concept of risk in business operations and the specific types of risks faced by supply chains. It distinguishes between external and internal risks, providing examples of each type and their potential impact on the supply chain.
The paper moves on to examine the concept of supply chain risk management (SCRM) as a means of addressing the unique challenges posed by globalized and complex supply chains. It emphasizes the importance of proactive risk assessment and mitigation strategies in ensuring the stability and resilience of supply chain operations.
Chapter five focuses on various approaches to supply chain risk management, exploring the different strategies that have been developed and researched by scholars and practitioners. It examines the role of managerial perception in risk decision-making, the use of collaborative contracts, and the importance of visibility and traceability in managing risks.
The penultimate chapter, which addresses the 'Risk Propagation Approach,' focuses on the idea of understanding risk propagation throughout the supply chain network. It explores how proactive risk profiling and spreading risk models can enhance risk visibility and aid in developing effective risk mitigation strategies.
- Citation du texte
- Alex-Jean Kakule Mueni (Auteur), 2013, Supply Chain Management. A discussion about managing supply chain risks, Munich, GRIN Verlag, https://www.grin.com/document/271487
