An Empirical Analysis Of Supply Chain Risk Management

Literature Review: Jorn-Henrik Thun and Daniel Hoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, the occurrence likelihood and the potential impact were used as supply chain risk identifier. The analysis showed that supply chains are mostly vulnerable and that the possible reason behind the vulnerabilities is low degree for the implementation of the used instruments in supply chain risk management. Furthermore, the supply chain vulnerabilities key factors are the factors raising complexity and factors increasing efficiency. Also, the research s hows that supply chain risk management has the ability to make the automotive industry supply chain better [1]. Ou Tang and S. Nurmaya Musa in the paper titled â€Å"Identifying risk issues and research advancements in supply chain risk management† shows the development of research in the area of supply chain risk management as the number of publication between 1995 and 2009 were increasing for the risk management topic. In addition, they proposed classification for potential risk thatShow MoreRelatedSupply Chain Risk Management Analysis1521 Words   |  7 Pages Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. Supply chain risk management is an intersection of supply chain management and risk management. For this we need to understand the benefits and as well as the limitations of both the concepts. Supply chain risk is about any threat of interruption in the order of workings of the supply chain. This Risk is generated as result of risk ‘drivers’ that are internal or externalRead MoreSupply Chain Risk Management Plan1299 Words   |  6 Pages(2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain.  Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategyRead MoreResource Management At Apple Inc.1146 Words   |  5 PagesResource Management Resource management is another interesting and important topic in the business of various organizations engaged in the manufacturing and sale of goods and service. Several organizations in the technology industry have managed to make investments in this industry, and thus it is important to monitor the use of various resources to avoid wastage. Resource management is currently considered as a strategy that is focused on reducing the cost of production and thus reducing the costRead MoreSupply Chain Uncertainty : A Review And Theoretical Foundation For Future Research2047 Words   |  9 Pages Text 1 Reference: Simangunsong, E., Hendry, L. Stevenson, M., 2012 Supply-Chain Uncertainty: A Review and Theoretical Foundation for Future Research, International Journal Of Production Research 50 (16) pp. 4493-4523 Available through EBSCO Database at: http://search.ebscohost.com/login.aspx?direct=truedb=buhAN=78236208site=ehost-live [Accessed 21 January 2015] Selection: The resource is a peer-reviewed article of the International Journal of production research which was published inRead MoreCanadian Tire Auto Services Main Supply Chain Strategies Essay1678 Words   |  7 PagesCanadian Tire Auto Services’ main supply chain strategies. Canadian Tire provides many automotive services for their clients with many locations across the countries. Our goal for this project will also be to look into Canadian Tire’s logistics operations, their process of supplier selection, and evaluation. We will also look to study their use of the latest IS/IT innovations. We will then conclude our project by realizing the importance of supply chain management integration, as well as, the challengesRead MoreProduct Complexity Defination1639 Words   |  7 Pagesdefinition What product â€Å"complexity† means to supply chain and the industry? It can be define differently based on the industry and the market. A lot people think complexity is the same meaning with complicacy or simplicity. Unfortunely, both of the definition is wrong because complexity is something that interacts among each other and sub divide it in all its single elements and lead to the solution of the problems. â€Å"Complexity makes a supply chain inflexible and inefficient,† Hoole writes. â€Å"ItRead MoreCulture Mistakes by Pizza Hut1311 Words   |  6 Pages2010. Donovan  , R. Michael (2005).  Effective Supply Chain Management (Movahedi et al., 2009, defining supply chain management, evolution of supply chain studies Lambert, 2008) mentioned by Cooper et. al., 1997 Enclyclopedia of e-commerce (2009), definition of supply chain management 2007 – Springer; J Oleskow, M Fertsch, P Golinska, data mining as the efficient tool for the effective supply chain integration LIU.,F; study and explore the supply chain base on CRM, 10 Mar 2011   Tseng, D. S., CoxRead MoreArchitectural Knowledge And Modular Knowledge1489 Words   |  6 Pagesarchitecture (Henderson and Clark,1990). It also defines how different activities interface in the supply chain. The architectural knowledge constitutes the composition embedded within the organization. Modular knowledge contains the individual characteristics and functions in different components respectively. The knowledge of different types of product and innovation divides the different components in the supply chain. Distinguishing it from modular innovation, which is the innovation that has impact in componentsRead MoreForeign Exchange Risk And Risk1270 Words   |  6 Pagesother activities within the value chain, expenditure for activities in the downstream segment of the value chain are known and profits are more predictable, this segment of the value chain may become prone to foreign exchange risk since the variability in foreign exchange rates impacts more on crude sales compa red to its impact on purchase contracts. The Foreign exchange risk and exposure Risk relates to uncertainty in outcomes and foreign currency exchange risk occurs when there is uncertaintyRead MoreDrivers For Automotive Manufacturing Industry1631 Words   |  7 PagesDrivers for automotive manufacturing industry To secure and maintain the long term future of the automotive industry in terms of growing the share of the value chain and by getting ahead in the field of research and development (RD) on ultra-low emission vehicles. This strategy sets out the drivers for the automotive manufacturing industry. †¢ Legislation: Governments all over the world is enforcing legislations to protect the environment based on the international agreement on climate change (Kyoto