Supply Chain Risk Management: Literature Review

Gurtu, Amulya; Johny, Jestin

doi:10.3390/risks9010016

Cited by 131 publications

(80 citation statements)

References 88 publications

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Section: Risk Management and Business Maturitymentioning

confidence: 99%

“…Risk to a specific supply chain can be derived dependent on the line of the supply chain [12]. Gurtu and Johny [12] uses effective communication methods to demonstrate this in various ways. A supply chain can be classified into different areas according to the sources of risk and management [12,29]: as organizational risks, environmental risks [12,30], demand and supply risks [12,31], industry and organizational risks [12,32], and network risks [12,33].…”

Section: Risk Management and Business Maturitymentioning

confidence: 99%

“…Gurtu and Johny [12] uses effective communication methods to demonstrate this in various ways. A supply chain can be classified into different areas according to the sources of risk and management [12,29]: as organizational risks, environmental risks [12,30], demand and supply risks [12,31], industry and organizational risks [12,32], and network risks [12,33]. The different risks identified often result in conflict between organizations as to who is responsible for the risk.…”

Section: Risk Management and Business Maturitymentioning

confidence: 99%

“…Social business maturity takes advantage of opportunities to ensure that there are rewards for strong business values [11]. Alternatively, risk management requires an integrated approach to avoid risk trickling down the supply chain [12]. Effective risk management allows clients to have confidence in the maturity of an organization, thus allowing for more secure contractor selection [13].…”

Section: Introductionmentioning

confidence: 99%

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Adopting International Learnings to Improve the Performance of New Zealand’s Infrastructure Supply Chain

Richards

Seifan

2021

Infrastructures

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Growing interest in the productivity of the infrastructure sector has increased due to cost and time overruns in major projects. In this regard, many developed countries have failed to implement a framework to ensure that project success is met through newly available technologies and business initiatives to ensure the user is the most important beneficiary. This review paper provides a review of international research relating to the life cycle, firm-level operations, and collaborative business models of infrastructure projects. The review initially identified the importance that understanding key phases and procurement models has on the efficiency of a project’s life cycle. A key indicator of the likelihood of good performance across a supply chain lies with the ability to understand the efficiencies of the firm-level operations. The literature has noted that successful projects are able to perform well across an organizations end-to-end involvement and be able to share risks among mature organizations. This paper provides a review of how a collaborative business model can benefit a project lifecycle and firm-level operations. The global research currently has identified the need for a collaborative approach that reduces the risk within all organizations through common goals, effective end-to-end project systems and consideration of the entire project lifecycle. The paper provides a detailed review of international practices in an infrastructure supply chain that have the potential to address New Zealand’s infrastructure project failures.

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Section: Risk Management and Business Maturitymentioning

confidence: 99%

Section: Risk Management and Business Maturitymentioning

confidence: 99%

Section: Risk Management and Business Maturitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Adopting International Learnings to Improve the Performance of New Zealand’s Infrastructure Supply Chain

Richards

Seifan

2021

Infrastructures

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“…The risks associated with supply chain management (SCM) have created a discourse among practitioners and academics [1,2]. In fact, supply chains (SC) are becoming more complex and vulnerable.…”

Section: Introductionmentioning

confidence: 99%

Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study

2021

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The supply chain risk management (SCRM) is very critical to strategically support the firms to continuous success. There are, at least, three basic steps in this SCRM process: risk identification, risk evaluation, and risk mitigation (treatment). Whatever happens, the main step is risk mitigation (RM) and mainly sustainable RM. In fact, every risk must be eliminated or controlled as much as possible. The purpose of this paper is to elaborate and evaluate various RM scenarios from an initial risk identification and prioritization solution. The proposed scenario modeling technique is based on morphological analysis (MA) as an explorative scenario tool for RM. MA is used to develop a framework to proactively assess critical risk variables. Firstly, MA is employed to exhaustively create possible RM scenarios and, secondly, to assess the likelihood of each scenario. The proposed approach addresses the need for a basic rubric to help identify and choose RM approaches. A real case study is provided from the food industry to illustrate the application of the proposed approach. To handle all possible MA strategies, a dedicated MORPHOL software package is used. In addition, RM strategies are selected based on sustainability indicators. The case study results prove that MA has a considerable value for SCRM. It shows that firms can adopt multiple robust strategies in the form of a scenario describing all stages of SCRM in an integrated representation.

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A systematic assessment of multi‐dimensional risk factors for sustainable development in food grain supply chains: A business strategic prospective analysis

et al. 2023

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The food grain supply chain (FGSC) is composed of several links, stretching from the point of production to the point of consumption. A broken connection might produce a food catastrophe. The structural imbalance of India's FGSC is an obstacle to achieving sustainability; this has to be addressed if the country is to preserve national food security. This present study aims to develop a systematic assessment of the risks and the priority of risk‐mitigating solutions in attaining sustainability in the Indian FGSC. Multiple groups of individuals and businesses involved in the FGSC have been surveyed and interviewed, with their responses analyzed. A total of 31 risk factors and 11 risk‐reduction strategies are identified. Further, the identified risk factors are classified into five‐dimensional sustainability criteria (environmental, economic, institutional, technical, and social) by using exploratory factor analysis (EFA). Then, a fuzzy analytical hierarchy process (FAHP), combined with the fuzzy technique for order performance by similarity to ideal solution (FTOPSIS) method, is adopted to find the most critical risk factors and choose the best course of strategies for risk mitigation. The study finds that inability to incorporate advanced technology imposes the highest risk to sustainability followed by natural disasters. Ensuring end‐to‐end computerization using advanced technology like agri 4.0 is the need of the hour in intercepting the range of FGSC risks. The results may help policymakers create a comprehensive risk mitigation plan and taxonomy to increase supply chain resilience.

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Supply Chain Risk Management: Literature Review

Cited by 131 publications

References 88 publications

Adopting International Learnings to Improve the Performance of New Zealand’s Infrastructure Supply Chain

Adopting International Learnings to Improve the Performance of New Zealand’s Infrastructure Supply Chain

Modeling Sustainable Risks Mitigation Strategies Using a Morphological Analysis-Based Approach: A Real Case Study

A systematic assessment of multi‐dimensional risk factors for sustainable development in food grain supply chains: A business strategic prospective analysis

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