Managing risks and system performance in supply network: a conceptual framework

Huy Truong Quang and Yoshinori Hara

International Journal of Logistics Systems and Management, 2019, vol. 32, issue 2, 245-271

Abstract: Examining a certain risk will provide an insight into a single dimension, but a picture of different risks in the supply chain (SC) is still lacking, as risks do not take place independently, but typically simultaneously. This research aims to propose and validate a conceptual framework for linking various dimensions of risk to system performance in the SC by applying SC mapping - a new approach in the SC risk body of literature. In the model, risks were classified into three categories with regard to their level of impact on performance: 1) core risks, e.g., supply risk, investor-related operational risks, contractor-related operational risks and demand risks; 2) infrastructure risks, e.g., finance risk, information risk and time risk; 3) external risks, e.g., human-made risks; 4) natural risks. Using the framework, companies will have a systematic view of risks in the whole SC network whereby they can define risks in their own context and ascertain critical SC risks that cause negative effects on SC performance.

Keywords: risk; supply chain risk; risk management; supply chain risk management; construction sector. (search for similar items in EconPapers)
Date: 2019
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