An exploratory study on procurement risk management in Japanese manufacturing companies

Akira Endo and Katsuyuki Kamei

International Journal of Procurement Management, 2022, vol. 15, issue 1, 1-19

Abstract: The procurement sections in Japanese manufacturing companies are usually responsible for dealing with various kinds of risks on the process of purchasing resources and components. The purpose of this paper is to clarify actual status and incentives of procurement risk management in Japanese manufacturing companies. This study investigates 362 firms listed on the first section of the Tokyo Stock Exchange and examines how they actually manage procurement risks and are motivated to conduct risk responses. As a result, this paper reveals an outline of procurement risk management in these firms, identifies the current issues and the three main incentives. Finally, this study indicates that a future research is needed to develop a procurement risk communication model with stakeholder collaboration, including companies in supply chains, customers, investors, governments, NGOs, and NPOs.

Keywords: procurement; purchasing; risk management; procurement risks; Japanese manufacturing companies; supply chain. (search for similar items in EconPapers)
Date: 2022
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