Supply chain risk management: review, classification and future research directions

Singhal, Piyush; Agarwal, Gopal; Mittal, Murali Lal
October 2011
International Journal of Business Science & Applied Management;2011, Vol. 6 Issue 3, p15
Academic Journal
In order to be more efficient, firms have adopted strategies such as outsourcing, global partnerships and lean practices. Although such strategies have tremendous abilities to improve the efficiencies but simultaneously they make the firms vulnerable to market uncertainties, dependencies and disruptions. Moreover, natural calamities and manmade crises have also put negative impact on strategic, operational and tactical performance of supply chains. These factors have triggered the interest of academia and industry to consider the risk issues as prime concerns. To capture the more fine-grained elements of diversified risk issues related to the supply chain we employ a multi-layered top town taxonomy to classify and codify the literature and put forward the probable dimensions for future research. We further study the pool of SCRM literature focusing on coordination, decision making and sector-wise SCRM implementation issues and derive relevant propositions.


Related Articles


    Supply Chain Management is the integration of business processes from end user through original suppliers that provides products, services and information that add value for the customers. Due to increased globalization, higher customer expectations and environment volatility, supply chains are...

  • A Fundamental Approach to Facilities Location Risk Assessment and Its Relevance to Supply Chain Network Design: Using the Thai Floods of 2011 as an Example. Smith, Matthew H. // International Journal of Trade, Economics & Finance;Oct2013, Vol. 4 Issue 5, p300 

    Managing risk in supply chains and facilities location is an important topic. The majority of previous work focusses on inherent risk of disruption within the supply chain. There is less attention paid to the risk of catastrophic events affecting the supply chain, through disruption of one or...

  • Untangling the web. Selden, Stuart // Asia Insurance Review;Aug2012, p64 

    The article discusses the changes in risk management in supply chains in the wake of the 2011 catastrophes. It cites the financial loss suffered by a third party facility in the aftermath of natural catastrophes such as the flooding in Thailand and earthquake and tsunami in Japan. It also...

  • Consider Your Supply Chain Risk. Dempsey, John D. // Corporate Board;May/Jun2012, Vol. 33 Issue 194, p21 

    The article discusses aspects of effective supply chain risk planning. It explains that board members must clearly understand the financial consequences of a supply chain disruption due to natural disasters and supply chain risk assessments is needed in an enterprise risk management (ERM)...

  • A multi-objective reliable programming model for disruption in supply chain. Teimuory, Ebrahim; Atoei, Fateme Bozorgi; Mohammadi, Emran; Amiri, Ali Bozorgi // Management Science Letters;2013, Vol. 3 Issue 5, p1467 

    One of the primary concerns on supply chain management is to handle risk components, properly. There are various reasons for having risk in supply chain such as natural disasters, unexpected incidents, etc. When a series of facilities are built and deployed, one or a number of them could...

  • MINIMISE THE RISK IN YOUR SUPPLY CHAIN. Nie, Winter; Cordon, Carlos // MHD Supply Chain Solutions;Jul/Aug2011, Vol. 41 Issue 4, p76 

    The article discusses the strategies applied by companies to minimize supply chain risks. It says that many corporations apply middle-level management approach in supply chain operations while other companies apply an outsourcing technique. It states that just-in-time and asset-light...

  • Understanding and reducing the risk of supply chain disruptions. Clark, Graham // Journal of Business Continuity & Emergency Planning;Summer2012, Vol. 6 Issue 1, p6 

    Natural disasters can wreak havoc on business operations. When civil unrest swept the UK in August 2011, the effect on business was stark, losing the retail sector �300m in unexpected costs and lost revenues. On the other side of the world, the natural disaster that hit Japan in early 2011...

  • An Empirical Investigation into Supply Chain Resilience. Mandal, Santanu // IUP Journal of Supply Chain Management;Dec2012, Vol. 9 Issue 4, p46 

    Supply chain resilience has been growing in its importance in the last few years due to the occurrence of a number of natural and man-made disasters that have threatened the very existence of supply chain operations at a global level. Information technology has greatly helped in information...

  • Research on Quantitative Methods of Supply Chain Based on Disruptions Management Framework. Tong Shu; Xia Mao // Applied Mechanics & Materials;2014, Vol. 687-691, p4882 

    With the development of supply chain businesses and natural disasters, the probability of risk of supply chain disruption is increasing and this kind of risk can bring huge losses to the enterprises. In this paper, disruption management strategy is an effective and necessary part of the supply...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics