Supply Chain Risk Identification and Elimination: A Theoretical Perspective.

Mandal, Santanu

Various types of supply and demand uncertainties existing at different nodes of a supply chain giving rise to a variety of risks that can be defined from different perspectives. This gives rise to multi-approaches to risk classification. The purpose of this paper is to review published approaches to supply chain risk identification, classification and elimination, with relation to performance. This review includes many past and present studies and is a source of useful references for those examining supply chain risk. This paper advises academicians to work further in identifying specific risks, and ways of managing the same in specific industry context. For managers, it provides knowledge of the types of risks that may be present in their supply chain and presents a variety of strategies for identifying and managing the same.

SUPPLY chains; SUPPLY & demand; RISK management in business; BUSINESS logistics; PORTFOLIO management (Investments); BUSINESS planning

IUP Journal of Supply Chain Management, 2011, Vol 8, Issue 1, p68

0972-9267

Academic Journal