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A LITERATURE SURVEY ON RISK MANAGEMENT IN SUPPLY CHAINS

Ivana Dvorski Lackovic (), Marijana Bubanic () and Vladimir Kovsca ()
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Ivana Dvorski Lackovic: University Center Varazdin, Faculty of Organization and Informatics
Marijana Bubanic: University Center Varazdin, Faculty of Organization and Informatics
Vladimir Kovsca: University Center Varazdin, Faculty of Organization and Informatics

Business Logistics in Modern Management, 2018, vol. 18, 551-564

Abstract: Adequate functioning of the supply chain is one of the key prerequisites for successful functioning of business activities within contemporary organizations. Globalisation of business activities, related to advances in information technology and its effects on the supply chain activities, may lead to increased risk in any part of the supply chain, especially in terms of the company not being able to optimize its supply chain activities. Failures or inadequacies in any part of the supply chain may result in significant financial or reputational loss for the company. It is therefore crucial for companies to manage its supply chain risks properly. The aims of this paper are: (1) to present a comprehensive overview of literature related to supply chain risk management, based on which aspects of risk management and advances in this area that may be related to supply chain will be evaluated and (2) to give suggestions for improvement and future research in the analysed area. Special accentuation is put on holistic view on risk management in the company, having on mind that this view leads to optimization of risks and adding value to the company.

Keywords: supply chains; risk management; holistic view (search for similar items in EconPapers)
Date: 2018
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