Risk Management in Supply Chains

Sharma Satyendra Kumar ()
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Sharma Satyendra Kumar: Management Group, Birla Institute of Technology and Science, Pilani, Rajasthan, INDIA

Advances In Management, 2009, vol. 2, issue 11

Abstract: With increasing competition and globalization, the importance of risk management is increasing in extended enterprises. There are evidences that companies who excel in managing risks outperform their rivals. The ability to be “adaptive” in Supply Chain Management (SCM) has been the subject of much discussion as a means to deal with the increasing level of uncertainty in global supply chains. Traditional approaches to SCM focused on the “goodness” of a plan and sought to eliminate variability. But as more of the supply chain moved outside the direct control of the enterprise, it was necessary to learn to live with variability. To mange risks requires a holistic view for both of plans what is desirable and undesirable. The objective of this paper is to view the process of risk management and analyzing it and also to analyze the implementation issues.

Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:mgn:journl:v:2:y:2009:i:11:a:4

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