Supply chain flexibility: a risk management approach

Dileep S. More and A. Subash Babu

International Journal of Business Innovation and Research, 2011, vol. 5, issue 3, 255-279

Abstract: The variety of disturbances and risks in a supply chain (SC) made it more dynamic and unstable, and imposed a number of constraints achieving business excellence. An interruption if occurred at a SC partner may have impact on others and the influence may propagate across the chain. The propagated influence leads to inefficient processing and non-value adding activities across the chain. In this study, a hierarchical relationship model of SC stimuli (disruptions, problems, uncertainties or changes) has been developed evolving the relationship dynamics among them. The study also addresses how to reduce vulnerability of stimuli and their risks to SC by deploying flexibility in SC.

Keywords: SCM; supply chain management; stimuli dynamics; supply chain flexibility; ISM; interpretive structural modelling; risk management; propagated influences; inefficient processing; non-value adding activities; hierarchical relationships; disruptions; uncertainties; change; relationship dynamics; vulnerability reduction; business innovation; R&D; research and development. (search for similar items in EconPapers)
Date: 2011
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