Over the years, many researchers have focused on supply chain risk. Supply chain risk management scrm online course alison. Supply chain risk management scrm is the coordinated efforts of an organization to help identify, monitor, detect and mitigate threats to supply chain continuity and profitability. This paper analyzes the theory and content of the receivable financing model and its. Implementation of risk management framework in supply chain. New product introductions, a shifting thirdparty provider landscape, and logistics and distribution disruptions have become challenges for global supply chain compliance. The course understanding supply chain risk management scrm introduces the learner to the multitude of risks that threaten the operation of supply chains at national and global levels.
The publication integrates ict supply chain risk management scrm into federal agency risk management activities by applying a multitiered, scrmspecific approach, including guidance on assessing supply chain risk. Supply chain management is the integration of key business processes from end user through. Contract and risk management for supply chain professionals. The complexity of the industrial activities and the important mass of flows crossing the supply chain promotes the emergence of risks that must be. A critical analysis of supply chain risk management content. Findings of the study reveals tha t risk is a probabilistic and unde sirable situation, whereas supply chain is not a simply chain but. While the poor response implications of supply are often not elaborated on in the literature, postponement has recently been mentioned as a useful tool for managing supply risk and disruptions. The influence of scm on production performance and product quality uscript received september 20, 2014. Journal of supply chain management wiley online library. Third, there is limited research on moderators of the risk management process manuj and mentzer, 2008. Further reproduction prohibited without permission. Journal of economics, business and management, vol.
Supply chain risk can be viewed as a 4fold construct. Mark is a member of the european operations management association euroma, and his work has appeared in various. Pdf a theoretical evaluation of the role of training for. In what follows we focus on the problematic of supply chain risk management scrm, identifying the drivers of risks in the supply chain and the strategies to cope with them. However, there is no conceptual framework that ties together this literature. Risk management strategy should be included in the sourcing strategy, reflecting the overall needs of the organisation. Supply chain risk management is the intersection of two major fields. Identifying risk issues and research advancements in supply chain. Analysis of supply chain risk management researches scielo. Rao and goldsy 2009 elaborated the taxonomy of risk sources and a categorization scheme. Starting with the importance of managing supply chain risks, the paper established the benefits of managing risks using an enterprisewise integrated approach. Based on the description of definitions in previous section, we use search keywords supply chain, supply chain risk or supply chain risk management together with risk or uncertainty.
A more harmonized and integrated enterprise compliance program, one that includes risk management activities and controls for the supply chain, can help improve compliance efforts. The purpose of this paper is to identify important strategic changes in the field and to outline future requirements and research opportunities in scrm. Lhoussaine ouabouch, universite ibn zohr, erettlog. It examines key practical issues from a business, risk and operational. A previous course understanding supply chain ecosystems looked at supply chain ecosystems and supply risk involves adverse and unexpected changes to any. Abstract since accounts receivable become effective collateral, the financing of accounts receivable financing for smes is becoming increasingly important. This paper examines supply chain risk management scrm from a holistic systems thinking perspective by considering the different typologies that have evolved as a result of earlier research. Enterprises entering new markets often need to form new supplier relationships, engage with stateowned entities, and adapt to local laws and culture. Risk management plays a vital role in effectively operating supply chains in the presence of a variety of uncertainties. Although supply chain risk management scrm has become more popular over the last decade, attempts to synthesize research within this field have seldom. Supply chain risk management practices for federal. A harmonized and integrated enterprise compliance program one that includes appropriate supply chain riskmanagement. Present and future scope article pdf available in the international journal of logistics management 233.
Drug quality and security act dqsa7 was enacted in november 20 with title ii specifically addressing the drug supply chain. The purpose of this paper is to integrate literature from several disciplines. Cyber supply chain risks may include insertion of counterfeits, unauthorized production, tampering, theft, insertion of malicious software and hardware, as well as poor manufacturing and development practices in the cyber supply chain. An empirical study of sourcing and operations disruptions, their frequency, severity, mitigation methods, and expectations by andreas udbye a dissertation submitted in partial fulfillment of the requirements for the degree of doctor of philosophy in systems science. Supply chain management, risk management, failure mode and effect analysis, biofuels, risk. Supply chain risk management article pdf available in international journal of information systems and supply chain management 21. Current knowledge in this area is fragmented and incomplete. Risk aware software for supply chain risk management. Risk management book basics of supply chain management. This risk management book provides a survival manual for anyone involved in the crafting, structuring, negotiating, supporting or managing contracts involving commercial transactions of goods, services or both. Recommended responses to changing risks supplier and vendor risk management software gives users prescriptive suggestions when risk information changes, such as putting spend on hold for. We recommend the definition of supply chain management developed and used by the global supply chain forum. In order to remedy this we approach the problematic of scrm in the general framework provided by scm. Experience shows that companies using active and efficient risk management make a strong case for the outlay of expenditure in this regard, both in terms of image and finances which should motivate others to also concern themselves intensively with the topic of risk management in the supply chain.
Over the years, many researchers have focused on supply chain risk management scrm by contributing in the areas of defining, operationalising and mitigating risks. Perspectives in supply chain risk management sciencedirect. The mission of the journal of supply chain management is to be the journal of choice among supply chain management scholars across disciplines, by attracting highquality, highimpact behavioral research focusing on theory building and empirical methodologies. Cyber supply chain risk management cscrm is the process of identifying, assessing, and mitigating the risks. To interpret this in a more complete manner, this paper has attempted to explore the role of postponement in supply chain risk management from a complexity perspective. Effects of supply chain risk management on organization. The impact of risks in supply chain on organizational. Risk management is required throughout the full lifecycle of a contract.
The measurement model of supply chain uncertainty and risk in the australian courier industry. Threats to the supply chain include cost volatility, material shortages, supplier financial issues and failures and natural and manmade disasters. Managing the pressures of compliance risk in global supply. The escalating, inverse, supply chain management scm audit reports, issued to the kwazulunatal provincial government administration by the auditorgeneral of south africa agsa, indicate that ground root citizens of the kwazulunatal province are.
Identifying risk issues and research advancements in. Integrated supply chain risk management iscrm has become indispensable to the theory and practice of supply chain management. Issue 2 2016 managing reverse exchanges in service supply chains. Risk management in the supply chain clute journals. This article mainly analysis of the research literature related food supply chain risk assessment,so that we can better evaluate the domestic and foreigns research progress of food supply chain risk assessment. Risk management in the supply chain supply chain 247. Apics invited 9,000 members and customers to participate in a survey to examine the role that supply chain risk management plays at an organization, encompassing both practical supply chain risk. The economic and political realities of the modern world require not only a different approach to supply chain management, but also bold steps to secure supply chain performance and sustainable wealth creation. Related literature in these fields will be used as a research method for this thesis.
This work was supported in part by the graduate school of business. Risk management in the supply chain has become increasingly important as companies both large and small seek to extend their global reach. Supply chain risk management software dynamically scores suppliers based on supplier behavior and thirdparty data on credit, restricted party and other risks. The first truly comprehensive collection of current research and leadingedge thinking on supply chain risk and its management, the book is structured into four main sections. International journal of academic research in business and social sciences march 2015, vol. In an interview with listen to the editors, mark pagell. Practitioners and educators need a common definition of supply chain management, and a shared understanding of the processes. Risk buffering practices in supply chain purchasingsupply management is expected to mitigate risk and, at the same time, control costs and assure continuity of supply. Keywordsstrategy, supply chain, risk management, supply chain management, agility, robustness, performance management paper type research paper 1.
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