A review of supply chain risk management: definition, theory, and research agenda

Abstract

Purpose: To review the extant literature on supply chain risk management (SCRM, including risk identification, assessment, treatment, and monitoring), developing a comprehensive definition and conceptual framework; to evaluate prior theory use; and to identify future research directions. Design/methodology/approach: A systematic literature review of 354 articles (published 2000-2016) based on descriptive, thematic, and content analysis.Findings: There has been a considerable focus on identifying risk types and proposing risk mitigation strategies. Research has emphasised organisational responses to supply chain risks and made only limited use of theory. Ten key future research directions are identified. Research implications:A broad, contemporary understanding of SCRM is provided; and a new, comprehensive definition is presented covering the process, pathway, and objectives of SCRM, leading to a conceptual framework. The research agenda guides future work towards maturation of the discipline. Practical implications:Managers are encouraged to adopt a holistic approach to SCRM.Guidance is provided on how to select appropriate risk treatment actions according to the probability and impact of a risk.Originality/value: The first review to consider theory use in SCRM research and to use four SCRM stages to structure the review.

Bibliometric Analysis of Supplier Management: The Theme and Cluster Perspectives

“…There are also literature reviews focusing on the interaction of sustainability with other themes in the context of the supply chain, such as innovation [20], supplier selection, monitoring and development [21], supply chain performance measures [22] and circular economy [23]. Literature reviews on supply chain risk management mainly analyze the definitions [24], risk types [24][25][26], risk factors [24,27], and mitigation strategies [24,25]. Research on mathematical methods dominates the original studies on the theme of supplier selection [28], as well as the literature reviews.…”

Evidence-Based Resilience Management for Supply Chain Sustainability: An Interpretive Structural Modelling Approach

“…An increase in the supply network's complexity considerably raises the cumulative risk level contributed by the participating members of the network [7][8][9]. Moreover, the frequency of disruptions and level of risk exposure are mostly environmentally driven, and, therefore, are uncontrollable from a single firm's perspective [10].…”

“…The SLR approach is valued as a decision-making methodology because it provides a rigorous and transparent means to manage and synthesize the diversity of knowledge, create new knowledge, and generalise findings [17]. The approach has been applied to several aspects of SCRES and sustainability [10,18,19]. Likewise, ISM has been applied for identifying a map of the relationships among practices and performance measures in resilient and sustainable SC management [20,21].…”

Gestão de Riscos Relacionais, Confiança, Custos de Transação e Relacionamentos Colaborativos: Proposta de Modelo

“…A literatura sobre gestão de riscos em cadeia de suprimentos tem recebido, no últimos anos, atenção especial dos pesquisadores que observam um potencial promissor para proteger as cadeias de perturbações internas e externas ao ambiente (Fan, & Stevenson, 2018;Jüttner, Peck, & Christopher, 2003;Kauppi, Longoni, Caniato, & Kuula, 2016). A gestão do risco surgiu como importante ferramenta no gerenciamento da cadeia de suprimentos, devido aos vários fatores enfrentados pelas indústrias atualmente, como: globalização, terceirização, crescente dependência de fornecedores e parceiros comerciais (Tang, & Musa, 2011).…”

“…A gestão do risco surgiu como importante ferramenta no gerenciamento da cadeia de suprimentos, devido aos vários fatores enfrentados pelas indústrias atualmente, como: globalização, terceirização, crescente dependência de fornecedores e parceiros comerciais (Tang, & Musa, 2011). Se por um lado essas tendências aumentam as possibilidades de atuação em novos mercados, também aumentam a probabilidade de eventos adversos que ameaçam a continuidade das operações (Chang, Ellinger, & Blackhurst, 2015;Fan & Stevenson, 2018).…”