How to Mitigate the Impact of Supply Chain Disruptions and Risks?
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2016, Vol 4, Issue 12
Abstract
In this dynamic environment, supply chain disruptions are increasing and leading to more pressures toward adapting and quickly responding in an agile way to that change. The purpose of this article is to explore how organizations can mitigate the effect of Supply Chain disruptions and risks. The researcher proposed a model designed to link all needed factors that can be used by managers to improve supply chain performance and reduce the impact of supply chain disruptions and risks. The research design, guided by a Qualitative philosophy, was inductive in nature. The researchers conducted an extensive review on the general risk management and Supply chain risk management literature. The proposed model offers a structured approach to provide support for managers in decisions related to improve supply chain performance and reduce the impact of supply chain disruptions and risks. Proposed model will enable organizations to identify, analyze and mitigate supply chain disruptions. It provides an important contribution to the area of supply chain risk management, and highlights a systematic approach to manage these risks. Although many literatures are available related to supply chain risk management, recent academic research stressed the importance of supply chain risk management and the need to develop new approaches for its management. This research proposed a new model represented by six critical components and steps needed to facilitate the mitigation of supply chain disruptions.
Authors and Affiliations
Hanan Khalil Qatawneh, Tahreem Noor Khan, Nada M. N. El Ali
Keywords
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