Risk Assessment and Management in Supply Chain

Risk Assessment and Management in Supply Chain

Faizal.K

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Dr. PL. K. Palaniappan

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Anna University, Chennai

Risk Assessment and Management in Supply Chain

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Abstract

Supply chains have expanded rapidly over the decades, with the aim to increase productivity, lower costs and fulfil demands in emerging markets. The increasing complexity in a supply chain hinders visibility and consequently reduces one’s control over the process. Cases of disruption such as the ones faced by Ericsson have shown that a risk event occurring at one point of the supply chain can greatly affect other members, when the disruption is not properly controlled. Complexity and disintegration are emerging as major challenges in supply-chain risk management. It has become more difficult to identify risks as supply-chain operations have fallen into the hands of outside service providers, and are therefore less visible. The risks, their identification and impact depend on the position of the companies in the chain, and on the level of analysis they can carry out. . Supply chain management thus faces a pressing need to maintain the expected yields of the system in risk situations. This work provides a review of definitions and classifications of types of risk; a holistic view of risk assessment and management is taken here. This project aims to analyse how supply chain risks could be effectively managed. This is done firstly by positioning the research agenda in Supply chain Risk Management (SCRM).Then, methods for effective management of supply chain risk are identified and analysed.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Faizal.K. 2014. \u201cRisk Assessment and Management in Supply Chain\u201d. Global Journal of Research in Engineering - G: Industrial Engineering GJRE-G Volume 14 (GJRE Volume 14 Issue G2).

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GJRE Volume 14 Issue G2

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Journal Specifications

Crossref Journal DOI 10.17406/gjre

Print ISSN 0975-5861

e-ISSN 2249-4596

Keywords

expanded rapidly over the decades lower costs and fulfil demands in emerging markets with the aim to increase productivity

Submission ReceivedDecember 6, 2013
Peer Review Double Blind
Handling Editor
Accepted January 5, 2014
Published January 15, 2014

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v1.2

Issue date

June 20, 2014

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Article Matrices

Total Score: 107

Country: India

Subject: Global Journal of Research in Engineering - G: Industrial Engineering

Authors: Faizal.K, Dr. PL. K. Palaniappan (PhD/Dr. count: 1)

View Count (all-time): 218

Total Views (Real + Logic): 4600

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Publish Date: 2014 06, Fri

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Total Views: 4600

Total Downloads: 2323

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