Identifying and evaluating unexpected events as sources of supply chain risk

Identifying and evaluating unexpected events as sources of supply chain risk

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Article ID: iaor20091056
Country: United Kingdom
Volume: 4
Issue: 5
Start Page Number: 604
End Page Number: 617
Publication Date: May 2008
Journal: International Journal of Services and Operations Management
Authors: ,
Abstract:

To address risk during Supply Chain (SC) operations, it is required to identify and address risk origins. To overcome the rigidity of probabilistic and reaction based mechanisms, focus needs to be driven within an operational field that spans outside the borders of the traditional SC. Exploring the dynamics outside the SC operational environment and identifying interconnections between unexpected events, is a step in creating a risk strategy. This paper approaches risk by considering detrimental events as risk sources, hence identifying and classifying these events is the first step to develop an information systems risk strategy.

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