Supply risks in JIT implementation

J.R. Jadhav, S.S. Mantha and S.B. Rane

International Journal of Business Performance and Supply Chain Modelling, 2015, vol. 7, issue 2, 141-170

Abstract: Risk is inevitable and inherent element for running any business. Management must be aware of the risks involved. It should evaluate the consequences of risks and device a risk mitigation plan accordingly; otherwise the business may get collapsed. For more than 20 years, supply chain management practices adopting lean or just-in-time (JIT) concepts to trim down waste within the overall supply chain. Adoption of JIT concepts in purchase has reduced total supply chain costs, however lead to inbuilt complexity and risks. One of the most significant tasks of top management is to recognise and address critical supply risks in JIT adoption. The objective of this paper is to explore and categorise significant supply risks in JIT implementation from buyer's perspective. Thirty JIT supply risks have been identified and discussed after reviewing the relevant literature.

Keywords: just-in-time; JIT implementation; lean supply chains; supply chain management; SCM; supply risks; risk management; buyer perspectives; literature review. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbpsc:v:7:y:2015:i:2:p:141-170

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