Risk and Visibility in Supply Chains

Abstract

The emergence of complex supply chains is one of the most important consequences of globalization. The management of these supply chains requires increased efforts by organizations that, on one hand, are increasingly pressured by customers in terms of service levels, on the other hand, must manage their suppliers from various locations and with different local requirements. In this context, an appropriate management of information flows is needed to create the adequate visibility level for managing supply chain risk. This chapter presents an overview on the concepts of risk management, visibility and information management in supply chains. This study proposes a conceptual framework for the selection of risk mitigation strategies in the supply chain and characterizes the external and internal information flows decision makers need to implement two categories of risk mitigation strategies: redundancy and flexibility.

An information management approach for supply chain disruption recovery

“…The presence of such plans or, at least, some guidance is vital in supporting decision makers while facing disruptions (Jüttner and Maklan, 2011; Macdonald and Corsi, 2013; Ponomarov and Holcomb, 2009). Risk and disruption management are intertwined topics, and neither of them can be examined without taking into account the other counterpart (Christopher and Peck, 2004; Messina, 2019; Tang, 2006b). Regarding this aspect we expanded the work of Bode and Macdonald (2017) by including explicitly in our research the mitigation strategies that are vital for a proficient selection and adoption of recovery strategies during disruptions.…”