THE IMPORTANCE OF THE SUPPLY CHAIN RISK MANAGEMENT IN THE LIGHT OF HISTORICAL EXPERIENCE
Journal Title: Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi - Year 2017, Vol 50, Issue 2
Abstract
Supply chain risk management (SCRM) is crucial for a long-term profitable, competitive and sustainable supply chain (SC). Many destructive risk incidents that have affected the global scale have come into play in the historical process. The losses, occured due to these risk incidents, revealed how the SCs are fragile against the risks. As can be seen in the major SC risk incidents that occur during the historical process, even the small risk incidents that are initially ignored can cause billions of dollars in macro-level costs and long-term SC interruptions. Again, because the risks of SC are multidimensional and complex, it is too difficult to determine the total effect of a risky incident upon a SC. Although the risky incident seems to have affected only a part of the SC, it may soon feel the effect on all partners. In this study, successful and unsuccessful examples of important SC risk incidents have been presented in the historical process so that the need for the SCRM would be portrayed.
Authors and Affiliations
Hamit Erdal
Keywords
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- EP ID EP331076
- DOI 10.18070/erciyesiibd.368576
- Views 136
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