An integrated framework for the assessment of inbound supply risk and prioritization of the risk drivers

Abstract

Purpose The purpose of this paper is to present a framework for identifying various inbound supply-risk factors and analyzing its indicators considering the contextual relationship between them. This study additionally proposes a framework for developing an overall inbound supply-risk score considering a real-life case of the electronics supply chain (ESC) in the Indian context. Design/methodology/approach In total, 32 risk indicators are identified by a systematic literature review approach and are validated by supply chain practitioners/experts and further categorized into six main risk factors. A hybrid multi-criteria decision-making-based DANP (DEMATEL and ANP) framework is employed to develop the overall inbound-supply-risk score (ISRS) and to prioritize the risk indicators. Indian ESC is chosen as a viable case study to demonstrate the effectiveness of the proposed framework. Findings The outcomes from the study reveal that the overall ISRS in the ESC is 36 percent and additionally forewarns critical inbound-supply-risk factors such as supplier performance, product, and buyer organization. Further, the study also identifies the most significant risk indicators such as price margin, investment, on-time delivery, order fulfillment and design changes for ESC. Research limitations/implications Supply chain practitioners can adopt this framework as a useful inbound supply-risk assessment tool. Moreover, the hybrid framework will address subjectivity and interrelations among various factors through experts’ judgments. The results will assist the managers to have better insights on the critical risk factors and their complicated interrelationships and further strategize action plans to nullify the impact of incoming risks. This study mainly focused on risk identification and assessment of electronics inbound-supply-risk indicators in the Indian context. The framework can be used for other manufacturing and service industries, albeit the results derived are in the context of a developing country. Originality/value This paper provides an effective risk assessment framework for the supply chain practitioners/managers to develop a decision-support system for inbound-supply-risk quantification and prioritization of risk factors in the context of the ESC.

Supply chain risk factor assessment of Indian pharmaceutical industry for performance improvement

“…Therefore, there is an evident need to mitigate the risks using an effective risk management process for improved IPI performance by enhancing the various performance parameters discussed in the literature (Ramesh et al. , 2019).…”

“…Therefore, there is an evident need to mitigate the risks using an effective risk management process for improved IPI performance by enhancing the various performance parameters discussed in the literature (Ramesh et al, 2019). However, due to the limited financial resources available to the managers for risk management in a developing country like India (Dixit et al, 2021), there is a need to identify the risks more critical than the others for the primary focus of streamlined mitigation efforts.…”

An integrated framework for analysing performance indicators of Indian microfinance institutions: a multi-stakeholder perspective

“…NGO MFI, Cooperative and nine individual experts). Since, larger sample size may lead to inconstancy and unrealistic results (Ramesh et al, 2019;Tarei et al, 2020), a total number of 11 responses were collected in the prescribed PCM and TIM from the industry experts through personal interview. The average duration of each interview was from 45 to 90 minutes.…”

“…Due to the versatile nature of DEMATEL, it has got several applications in heterogeneous disciplines, viz. portfolio selection (Ho et al, 2011), cost-benefit analysis related to operation research (Titiyal et al, 2019;Mishra et al, 2017), risk management (Ramesh et al, 2019;Tarei et al, 2018) and healthcare operations (Hossain and Thakur, 2020). In the current research DEMATEL is used to establish the interrelationship between various MFI's performance dimensions, and segregate them into cause and effect groups, and visualise the inter-relationship in the form of a digraph (network relationship map).…”

Supply Chain Management and Risk Management in an Environment of Stochastic Uncertainty (Retail)

“…In our opinion, the main focus of the supply chain management literature is on the study of key risk factors (Badea et al 2014;Mohanty et al 2012;Nimsai and Ho 2019;Song et al 2017), strategic approaches to risk management (Giannakis and Papadopoulos 2016;Ponomarov and Holcomb 2009;Zineb et al 2017), modeling and design of sustainable supply chains (Elluru et al 2019;Gong et al 2014;Huang et al 2017), and assessing the consequences associated with disruptions in the supply chain (DuHadway et al 2019;Qi et al 2010). The risks associated with suppliers are the most explored area of the SCRM (Hallikas et al 2020;Ramesh et al 2019). Empirical studies of Mekhum (2019), Martino et al (2017, Kot et al (2019Kot et al ( , 2020 have contributed to the modeling of sustainable supply chains.…”