Mitigation Strategies in Supply Chain Risk Management: A Literature Review
Keywords:
Supply chain risk management, mitigation strategies, literature review, Supply ChainManagementAbstract
This systematic literature review aims to analyze risk mitigation studies spanning across 2004 –2019. Embarking on the PRISMA approach, studies were selected through the identification, screening, eligibility and analysis steps. The findings revealed three main themes (culture, independent response and co-operative response), and 16 sub- themes. Several recommendations for future research were underscored including the need to conduct more studies to understand the culture, independent response and co- operative response for reactive strategies. This study could guide future researchers to augment the current literature by progressing towards the proposed recommendations.
Downloads
References
. Anđelković, A. Proactive supply chain risk management approach: The case of Serbia. Economic Annals, 62(214), 121-137, 2017.
. Angkiriwang, R., Pujawan, I. N., & Santosa, B. Managing uncertainty through supply chain flexibility: reactive vs. proactive approaches. Production & Manufacturing Research, 2(1), 50-70, 2014.
. Asrol, M., Marimin, Machfud, & Yani, M. Method and approach mapping of fair and balanced risk and value-added distribution in supply chains: A review and future agenda. [Article]. International Journal of Supply Chain Management, 7(5), 74-95, 2018.
. Bakri, A., Azura, N. M., Nadzar, M., Ibrahim, R., & Tahira, M. Publication productivity pattern of Malaysian researchers in scopus from 1995 to 2015. Journal of Scientometric Research, 6(2), 86-101, 2017.
. Blackhurst, J. V., Scheibe, K. P., & Johnson, D. J. Supplier risk assessment and monitoring for the automotive industry. International Journal of Physical Distribution & Logistics Management, 2008.
. Boonyanusith, W., & Jittamai, P. Blood Supply Chain Risk Management using House of Risk Model. Walailak Journal of Science and Technology (WJST), 16(8), 573-591, 2019.
. Bugert, N., & Lasch, R. Effectiveness of responsive pricing in the face of supply chain disruptions. Computers & Industrial Engineering, 124, 304-315, 2018.
. Chakravarty, V. Managing a supply chain's web of risk. Strategy & Leadership, 2013.
. Colicchia, C., Dallari, F., & Melacini, M. A simulation-based framework to evaluate strategies for managing global inbound supply risk. International Journal of Logistics Research and Applications, 14(6), 371-384, 2011.
. Conklin, W. A., Shoemaker, D., & Kohnke, A. Building Control into the Supply Chain Risk Management Process. EDPACS, 56(2), 6-12, 2017.
. Elangovan, D., Sundararaj, G., Devadasan, S., & Karuppuswamy, P. Analysis of time delays for loss reduction in an automobile component manufacturing organisation using a proactive supply chain risk management model. International Journal of Services, Economics and Management, 2(3-4), 385-411, 2010.
. Fan, H., Li, G., Sun, H., & Cheng, T. An information processing perspective on supply chain risk management: Antecedents, mechanism, and consequences. International Journal of Production Economics, 185, 63-75, 2017.
. Gaonkar, R. S., & Viswanadham, N. Analytical framework for the management of risk in supply chains. IEEE Transactions on automation science and engineering, 4(2), 265-273, 2007.
. Greenhalgh, T., Thorne, S., & Malterud, K. Time to challenge the spurious hierarchy of systematic over narrative reviews? European journal of clinical investigation, 48(6), 2018.
. Grötsch, V. M., Blome, C., & Schleper, M. C. Antecedents of proactive supply chain risk management–a contingency theory perspective. International Journal of Production Research, 51(10), 2842-2867, 2013.
. Gupta, S., Meng, F., Goh, M., & de Souza, R. Understanding Supply Chain Risk Management: An In-depth Analysis. In M. Garg & S. Gupta (Eds.), Cases on Supply Chain and Distribution Management: Issues and Principles (pp. 349-372): Hershey: IGI Global, 2012.
. Hudin, N. S., Hamid, A. B., & Chin, T. A. Case Studies of Risk Communication in Automotive Part Manufacturers. Advanced Science Letters, 21(5), 1575-1578, 2015.
. Hudin, N. S., Hamid, A. B. A., Chin, T. A., & Habidin, N. F. Exploring Supply Chain Risks among Malaysian Automotive SMEs. International E-Journal of Advances in Social Sciences, 3(8), 666-674, 2017.
. Jüttner, U. Supply chain risk management: Understanding the business requirements from a practitioner perspective. The International Journal of Logistics Management, 16(1), 120-141, 2005.
. Kasemset, C., Wannagoat, J., Wattanutchariya, W., & Tippayawong, K. Y. A risk management framework for new product development: A case study. Indus. Eng. Manag. Syst, 13, 203-209, 2014.
. Kilubi, I. The strategies of supply chain risk management–a synthesis and classification. International Journal of Logistics Research and Applications, 19(6), 604-629, 2016.
. Kırılmaz, O., & Erol, S. A proactive approach to supply chain risk management:Shifting orders among suppliers to mitigate the supply side risks. Journal of Purchasing and Supply Management, 23(1), 54-65, 2017.
. Kumar, S., & Harrison, G. Expect the Unexpected: Supply Chain Disruption and Opportunity for US Companies—A Business Case. Transportation journal, 51(1), 118- 136, 2012.
. Kurano, T., McKay, K., & Black, G. Proactive inventory policy intervention to
mitigate risk within cooperative supply chains. International Journal of Industrial Engineering Computations, 5(2), 249-264, 2014.
. Lalonde, C., & Boiral, O. Managing risks through ISO 31000: A critical analysis.
Risk management, 14(4), 272-300, 2012.
. Lavastre, O., Gunasekaran, A., & Spalanzani, A. Supply chain risk management in French companies. Decision Support Systems, 52(4), 828-838, 2012.
. Li, G., Fan, H., Lee, P. K., & Cheng, T. Joint supply chain risk management: An agency and collaboration perspective. International Journal of Production Economics, 164, 83- 94, 2015.
. Liu, L., Li, S., & Wu, Y. Supply chain risk management in Chinese chemical industry based on Stochastic Chance-Constrained Programming Model. Applied Mathematics & Information Sciences, 8(3), 1201, 2014.
. Nakandala, D., Lau, H., & Zhao, L. Development of a hybrid fresh food supply chain risk assessment model. International Journal of Production Research, 55(14), 4180- 4195, 2017.
. Norrman, A., & Jansson, U. Ericsson's proactive supply chain risk management approach after a serious sub‐supplier accident. International journal of physical distribution & logistics management, 34(5), 434 – 456, 2004.
. Pluye, P., Hong, Q. N., Bush, P. L., & Vedel, I. Opening-up the definition of systematic literature review: the plurality of worldviews, methodologies and methods for reviews and syntheses. Journal of Clinical Epidemiology, 73, 2-5, 2016.
. Pujawan, I. N., & Geraldin, L. H. House of risk: a model for proactive supply chain risk management. Business Process Management Journal, 15(6), 953-967, 2009.
. Qazi, A., Quigley, J., Dickson, A., & Ekici, Ş. Ö. Exploring dependency based probabilistic supply chain risk measures for prioritising interdependent risks and strategies. European Journal of Operational Research, 259(1), 189-204, 2017.
. Rajesh, R., & Ravi, V. Modeling enablers of supply chain risk mitigation in electronic supply chains: A Grey–DEMATEL approach. Computers & Industrial Engineering, 87, 126-139, 2015.
. Revilla, E., & Saenz, M. J. The impact of risk management on the frequency of supply chain disruptions. International Journal of Operations & Production Management, 2017.
. Ritchie, B., & Brindley, C. Supply chain risk management and performance.
International Journal of Operations & Production Management, 2007.
. Sáenz, M. J., Revilla, E., & Acero, B. Aligning supply chain design for boosting resilience. Business Horizons, 61(3), 443-452, 2018.
. Schätter, F., Hansen, O., Wiens, M., & Schultmann, F. A decision support methodology for a disaster-caused business continuity management. Decision Support Systems, 118, 10-20, 2019.
. Sharma, S. K., & Bhat, A. Supply chain risk management dimensions in Indian automobile industry. Benchmarking: An International Journal, 2014.
. Sharma, S. K., Bhat, A., Kumar, V., & Agarwal, A. Path analysis model for supply
chain risk management. International Journal of Information Systems and Supply Chain Management (IJISSCM), 10(2), 21-41, 2017.
. Shenoi, V. V., Dath, T. S., Rajendran, C., & Shahabudeen, P. Strategic action grids: a study on supply chain risk management in manufacturing industries in India. Benchmarking: An International Journal, 2018.
. Smit, Y., & Watkins, J. A literature review of small and medium enterprises (SME) risk management practices in South Africa. African journal of business management, 6(21), 6324, 2012.
. Sunjka, B. P., & Sklar-Chik, M. Supply chain risk and small and medium manufacturing enterprises in South Africa. CIE42 Proceedings, Cape Town., 2012.
. Thorpe, R., Holt, R., Macpherson, A., & Pittaway, L. Using knowledge within small and medium‐sized firms: A systematic review of the evidence. International Journal of Management Reviews, 7(4), 257-281, 2005.
. Thun, J.-H., Drüke, M., & Hoenig, D. Managing uncertainty–an empirical analysis of supply chain risk management in small and medium-sized enterprises. International Journal of Production Research, 49(18), 5511-5525, 2011.
. Thun, J.-H., & Hoenig, D. An empirical analysis of supply chain risk management in the German automotive industry. International journal of production economics, 131(1), 242- 249, 2011.
. Trkman, P., de Oliveira, M. P. V., & McCormack, K. Value-oriented supply chain risk management: you get what you expect. Industrial Management & Data Systems, 2016.
. Waters, D. Supply chain risk management: vulnerability and resilience in logistics: Kogan Page Publishers, 2011.
. Wever, M., Wognum, N., Trienekens, J., & Omta, O. Managing transaction risks in interdependent supply chains: an extended transaction cost economics perspective. Journal on Chain and Network Science, 12(3), 243-260, 2012.
. Wieland, A., & Wallenburg, C. M. Dealing with supply chain risks. International Journal of Physical Distribution & Logistics Management, 2012.
. Mohamed, O., Abd-Karim, S.B., Roslan, N.H., Danuri, M.S.M. & Zakaria, N. Risk management: looming the modus operandi among construction contractors in Malaysia, International Journal of Construction Management, 2014.
Downloads
Published
Issue
Section
License
Copyright (c) 2021 Author
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.