Supply chain risk and security management: an interpretive structural modelling approach
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Recent catastrophic events and risks which have disrupted economies and supply chains around the world create new avenues/agendas for supply chain risks and security. Researcher and practitioner are showing increasing research interest on this area. This research has an effort to identified key factors and relation in supply chain risks and security and development of research framework. Given the increasing awareness of this important topic, the purpose of this research is to study supply chain critical risks important for supply chain security perspective and to investigate the relationship between supply chain vulnerability and supply chain risk. Interpretive structural modelling (ISM) has emerged as a means to analyse the relational aspects of the variables. The objective of this paper is to identify critical enablers of supply chain security management and to establish and analyse relationships among these enables using interpretive structural modelling. This research is continuing in this direction.Keywords:
Vulnerability
This research examines the impact of supply chain risk management on supply chain integration, supply chain performance, and the moderation effects of supply chain social sustainability on these relationships. The results showed that supply chain risk management has a significant impact on supplier integration, internal integration, and customer integration. However, only supplier integration and internal integration significantly impact supply chain performance, while the relationship between customer integration and supply chain performance is not significant. The moderation effects of supply chain social sustainability positively enhance the impact of supply chain risk management on supplier integration and customer integration, while it reduces the impact of supply chain risk management on internal integration. The theoretical and practical implications are also provided in the current study.
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Understanding Supply Chain Risk Management Supply Chain Risk Management-Setting the Stage The As-Is Landscape Building the Risk Management Foundation Traditional Supply Chain Risk Management Strategic Risk Hazard Risk Financial Risk Operational Risk The Emerging Discipline of Supply Chain Risk Management Supply Chain Fraud, Corruption, Counterfeiting & Theft Emerging Risk Management Frameworks for Success Using Probabilistic Models to Understand Risk Using Big Data and Analytics to Manage Risk Emerging Risk Management Tools, Techniques and Approaches Risk Measurement and Metrics Looking Toward the Future Learning from Risk Management Leaders Future Directions in Supply Chain Risk Management Appendix: The Supply Chain Risk Assessment Tool
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The supply chain management is a kind of advanced management model in modern economy. Via supply chain management, all enterprises in the chain could set up an open relationship with common benefit and common information. Specially, the implementing of supply chain management could minimize costs of the firm and both the firm and the consumer can gain from this kind of management. But due to the incomplete market and the unfavorable social and economic environment, Chinese enterprises have many difficulties and problems in implementing the supply chain management. It must be changed in many aspects, in order to implement the supply chain management in Chinese enterprises.
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Market globalization and its uncertainties, change of customer requirements, technological progress and other factors contributed to the development of new attitudes to row materials, products and services supply, production as well as logistics operations management and control. A supply chain management concept and its practical solutions are developed aiming for a growth of efficiency of physical, informational and financial flows, including all the processes from a row material production and procurement till the consumer goods delivery. As research showed, supply chain management solutions depend on the factors, which are a subject for change. The paper reveals and analyses the perspectives for supply chain management in response to market change, risk awareness and competitive priorities established. Based on these perspectives a Supply chain management framework is proposed. The research allowed to recognize an importance of supply chain management through the stages of supply chain design, integration and coordination, and to state that if not appropriately managed from the very beginning supply chain has to cope with a smaller efficiency, deeper control, and greater risk of failure problems latter. DOI: http://dx.doi.org/10.5755/j01.em.18.3.3799
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Supply chain risk management has drawn tremendous attention from academic researchers and practitioners in the recent period. Several attempts were made by the practitioners and academicians to understand supply chain risks and their sources. As the supply chain environment is getting sophisticated day by day, the understanding of supply chain becomes increasingly challenging and need of the hour. This empirical paper attempts to understand the sources of supply chain risk and its effect on supply chain demand management. Survey instrument was administered to collect response from the manufacturing companies in India. Data was analysed with the help of PLS and SmartPLS 2.0 M3 was utilised to compute PLS. The result shows that the variables like supply management capability, supply chain information management and supply chain environmental uncertainty management capability are having positive impact on supply chain risk as well as on supply chain demand management. These findings will provide various insights for the practitioners and be used as a knowledge repository in the area of supply chain risk management.
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Even aspects of supply chain management itself have become increasingly specialized. Transportation management is becoming a specialty distinct from overall logistics management, whereas purchasing is specializing in applied topics like sourcing strategies, supplier quality methods, value engineering, and so on. The supply chain is treated as integrity which is composed of many operating elements realizing their own goals by means of taking part in the chain. From the point of view of each unit the integrity is subject to modeling and is the potential area for optimization. This depiction of the supply chain means that the chain is (in material meaning) a separate and independent organization with defined goals, defined internal structure and financial resources. In this way, supply chain becomes a separate economic unit (at least in theory) who is able to compete with other chains on the market and also may be a research subject of the organization and management theory. The present paper explores the following issues: Development of the concept of supply chain, The need for supply chain management., Type of supply chain management model(s), Framework of the supply chain management model(s). Supply chain performance measures, Issues in the design of supply chain management framework. Supply chain decisions. Quantitative methods and supply chain management (SCM).
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Supply chain risk management has drawn tremendous attention from academic researchers and practitioners in the recent period. Several attempts were made by the practitioners and academicians to understand supply chain risks and their sources. As the supply chain environment is getting sophisticated day by day, the understanding of supply chain becomes increasingly challenging and need of the hour. This empirical paper attempts to understand the sources of supply chain risk and its effect on supply chain demand management. Survey instrument was administered to collect response from the manufacturing companies in India. Data was analysed with the help of PLS and SmartPLS 2.0 M3 was utilised to compute PLS. The result shows that the variables like supply management capability, supply chain information management and supply chain environmental uncertainty management capability are having positive impact on supply chain risk as well as on supply chain demand management. These findings will provide various insights for the practitioners and be used as a knowledge repository in the area of supply chain risk management.
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