Risk Factor Management: a Mechanism of Supporting Supply Chain Resilience

Open access

Abstract

Supply chain assumes a unique business process without inter-company boundaries. Each supply chain partner is important for achievement of customer requirements. On the one hand, supply chain is an inexhaustible source of competitive advantage, created by the companies, which constitute it. However, on the other hand, due to its complexness, supply chain is an easy target of numerous factors, which jeopardize its competitiveness. Some of those factors are: turbulence, deliberate threats, external pressures, resource limits, sensitivity, and supplier/customer disruptions. Successful dealing with those factors assumes establishment of mechanisms for increasing supply chain resilience. Many researches indicate that some factors have greater influence on supply chain disruption and discontinuance. If those factors can be isolated, it will be easier to manage them or to avoid their influence. Therefore, the objective of the research presented in this paper is identification of the most frequent causes of supply chain disturbances, as a first step for developing supply chain resilience. According to the research results, the authors suggest what should be a primary focus of supply chain management, dealing with issues of resilience. Also, the authors indicate which characteristics (capability factors) supply chains have to have in order to be considered resistant.

If the inline PDF is not rendering correctly, you can download the PDF file here.

  • Anđelković Pešić M. (2010) Six Sigma metodologija za unapređenje procesa Vrnjačka Banja: Scientific and Technical Center for Intellectual Property - SaTCIP.

  • Anđelković M. (2003) Smanjenje troškova putem saradnje sa dobavljačima Ekonomske teme 41 (2): 409-414.

  • Barac N. Milovanović G. (2006) Strategijski menadžment logistike Niš: SKC Niš.

  • Barroso A. P. Machado V. H. Cruz Machado V. (2011) Supply Chain Resilience Using the Mapping Approach Supply Chain Management (ed Pengzhong Li) InTech 161-184.

  • Bošković G. Anđelković Pešić M. (2011) Upravljanje kvalitetom - osnova konkurentnosti preduzeća i privrede Niš: Ekonomski fakultet.

  • Bošković G. Anđelković Pešić M. Janković Milić V. (2011) Cluster Analysis of Business Quality Factors In Serbian Economy Collection of papers from: XVI International scientific conference problems of competitiveness of contemporary economies Nis: Faculty of Econimics 45-54.

  • Christopher M. (2000) The Agile Supply Chain: Competing in Volatile Markets Industrial Marketing Management 29 (1): 37 - 44.

  • Christopher M. Peck H. (2004) Building the Resilient Supply Chain International Journal of Logistics Management 15 (2): 1-30.

  • Coutu D. (2002) How resilience works Harvard Business Review 80 (5): 46-51.

  • Craighead C. Blackhurst B. Rungtusanatham M. & Handfield R. (2007) The severity of supply chain disruptions: design characteristics and mitigation capabilities Decision Sciences 38 (1): 131-156.

  • Donga G.(2006) Motives and Partner Selection Criteria in International Strategic Alliances: Perspectives of Chinese Firms International Business Review 15: 577-600.

  • Eltantawy R. (2011) Supply Management Governance Role in Supply Chain Risk Management and Sustainability Supply Chain Management - New Perspectives (ed Sanda Renko) InTech pp 401-416.

  • Harland Brenchley Walker (2003) Risk in supply network Journal of Purchasing Supply Chain Management 9(2): 51-62

  • Holcomb M. Ponomarov S. Manrodt K. (2011) The Relationship of Supply Chain Visibility to Firm Performance An International Journal Supply Chain Forum 12 (2): 32-45.

  • Hult G. T. M. Ketchen D. J. & Arrfelt M. (2007) Strategic supply chain management: Improving performance through a culture of competitiveness and knowledge management Strategic Management Journal 28(10).

  • Jüttner Peck Christopher (2003) Supply chain risk management: Outlining an agenda for future research International Journal of Logistics: Research and Applications 6 (4):197-210.

  • Kopecka J. Penners G. Santema S. (2010) Flexibility in supply chain management Operations Research 53 (3): 512-524.

  • Longo F Ören T. (2008) Supply chain vulnerability and resilience: a state of the art overview Proceedings of European Modeling & Simulation Symposium 17-19

  • September 2008 Campora S Giovanni (CS) Italy pp 527-533.

  • Norrman Jansson. (2004) Ericsson' proactive supply chain risk management approach after a serious sub-supplier accident International of Physical Distribution& Logistics 34(5): 434-456.

  • Peck H. (2003) Creating Resilient Supply Chains: A Practical Guide Cranfield University Cranfield School of Management UK.

  • PE-Energ: http://pe-energycom/the-oilrig-supply-chain/ (20.06.2013.)

  • Pettit T. Fiksel J. Croxton K. L. (2010) Ensuring supply chain resilience: Development of a conceptual framework Journal of Business Logistics 31 (1): 1-21.

  • Pochard S. (2003) Managing Risks of Supply-Chain Disruptions:Dual Sourcing as a Real Option PhD thesis Massachusetts Institute of Technology.

  • Ponomarov S Holcomb M (2009) Understanding the concept of supply chain resilience The International Journal of Logistics Management 20 (1): 124-143

  • Royal Society (1992) Risk Analysis Perception and Management London

  • Sheffi Y (2005) Building a Resilient Supply Chain Supply Chain Strategy - Harvard Business Review 1 (8): 1-11.

  • Sheffi Y. (2006) Resilience reduces risk The Official Magazine of the Logistics Institute 12 (1): 13-14.

  • Snyder L. V. & Shen Z.J.M. (2006) Supply and demand uncertainty in multi-echelon supply chains Working paper P C Rossin College of Engineering and Applied Sciences Lehigh University Bethlehem PA.

  • Svensson G (2004) Key areas causes and contingency planning of corporate vulnerability in supply chains: A qualitative approach International Journal of Physical Distribution & Logistics Management 34 (9): 728-742

  • Webster N. (1983) Webster’s New Twentieth Century Dictionary 2nd ed Simon & Schuster New York.

  • World Economic Forum: http://wwwaccenturecom/SiteCollectionDocuments/PDF/Accenture-Building-Resilience-Supply-Chainspdf (12032013)

  • Zsidisin G. Panelli A. Upon R. (2000) Purchasing organisation involvement in risk assessments contingency plans and risk management: an exploratory study Supply Chain Management: An International Journal 5 (4): 187-197.

Search
Journal information
Cited By
Metrics
All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 156 68 10
PDF Downloads 78 43 2