A study on forecast risk management of supply chain based on the managerial incentive model of information sharing

2011 ◽  
Author(s):  
Wang Ying ◽  
Zhang Tongyao ◽  
Li Yan
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Information Sharing ◽  
Managerial Incentive ◽  
Incentive Model

ENTERPRISES APPROACHES TO INFORMATION SHARING IN SUPPLY CHAIN RISK MANAGEMENT

2020 ◽  
Vol 21 (2) ◽  
pp. 137-151
Author(s):  
Marcin Komańda ◽  
Edyta Klosa
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Information Sharing ◽  
Organizational Structures ◽  
Complex Nature ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Significant Relationships ◽  
Policy Models ◽  
Interpretative Framework

Complex nature and rapidly changing environment of contemporary supply chains make them highly vulnerable to risk. Key facilator of supply chain risk management is information being shared among partners. Thus the aim of this paper is to highlight supply chain members’ approaches to sharing information supporting risk management. To achieve this goal, assumptions related to information policy models in organizational structures have been adopted, broadening the cognitive perspective of the discussed problem. The article is based on data collected from 197 respondents representing enterprises operating in Poland through a survey conducted with paper self-administered questionnaires (PSAQs). The method used applied a nonrepresentative sampling. The results obtained suggest that among studied companies there are three frequently co-ocuring practices forming eight approaches to risk information sharing in the supply chain. These findings, together with demonstrated significant relationships with control variables, create a unique descriptive and interpretative framework of the discussed issue.

How internal integration, information sharing, and training affect supply chain risk management capabilities

2016 ◽  
Vol 46 (10) ◽  
pp. 953-980 ◽  
Author(s):  
Jason M. Riley ◽  
Richard Klein ◽  
Janis Miller ◽  
V. Sridharan
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Information Sharing ◽  
Operational Performance ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Content Type ◽  
Internal Integration ◽  
Supply Chain Risks ◽  
And Training

Purpose The purpose of this paper is to determine if internal integration, information sharing, and training constitute direct antecedents to organizations’ warning and recovery capabilities. Assuming that organizations periodically face various supply chain risks, the authors intend to show that managers can develop these antecedent competencies in ways that bolster their supply chain risk management (SCRM) capabilities. Design/methodology/approach To understand the relationships between the antecedents and SCRM capabilities, the authors used Q-sorts and confirmatory factor analysis to develop new warning and recovery measures. The authors then collected survey data from 231 hospital supply managers and analyzed these records using structural equation modeling. Findings The results indicate that internal integration and training positively affect organizations’ warning and recovery capabilities, in both a direct and indirect manner. The authors also illustrate how managers can leverage their SCRM capabilities to affect operational performance. Research limitations/implications These results suggest that by developing antecedent competencies like internal integration and training, firms may bolster their warning and recovery capabilities, and ultimately operational performance of the organization. Originality/value The findings provide hospital supply organizations and other inventory management teams with a novel approach to managing an evolving array of supply chain risks. Rather than investing in costly risk management techniques, like inventory stocks, organizations can use internal integration and training to improve their SCRM capabilities.

scholarly journals Blood Supply Chain Risk Management using House of Risk Model

2018 ◽  
Vol 16 (8) ◽  
pp. 573-591
Author(s):  
Wijai BOONYANUSITH ◽  
Phongchai JITTAMAI
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Information Sharing ◽  
Blood Supply ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Demand And Supply ◽  
Management Actions ◽  
Blood Supply Chain

Managing blood supply chain has been an important task in the healthcare system because it has to confront not only blood demand and supply uncertainties but also complexities in blood inventory management. In order to overcome these challenges, it is essential to explore the possible risks that could occur in the blood supply chain and discover proper ways to manage these risks. Therefore, this research aims to investigate risks in blood supply chain by using a proactive risk management tool called ‘house of risk’ (HOR) model, in order to conduct risk assessment and evaluate risk management actions. A case study of blood supply chain risk management was analyzed, and the HOR model was incorporated to appraise the appropriate actions in the real situation. The results indicate that there are 30 risk events and 16 risk agents identified and assessed in the case study. The outcomes point out that lack of collaboration, insufficient information for decision-making, and limited information sharing are the top 3 risk agents that contribute to significant impact on blood supply chain management. Risk mitigation and management actions were evaluated and the results show that enhancing the collaboration is the most proactive action to manage risks in the blood service operations, followed by information sharing, and demand and supply statistical analysis. The study has recommended the outlines for improving collaboration between blood service organizations by using information system and technology to mitigate risks, complexities, as well as uncertainties in managing demand and supply in the blood supply chain.

A Holistic Incentive Model of Information Sharing in Supply Chain

2013 ◽  
Vol 457-458 ◽  
pp. 1403-1406
Author(s):  
Hong Wei Wang ◽  
Yu Song Yan ◽  
Long Wei
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Performance Measures ◽  
Production Capacity ◽  
Holistic Model ◽  
Incentive Mechanisms ◽  
Product Flow ◽  
Incentive Model ◽  
Global Companies ◽  
Key Aspects

It is broadly recognized by global companies that information sharing is one of the key aspects of coordination amongst parties in a supply chain. Companies can efficiently manage the product flow and information related to the issues such as production capacity, customer demand and inventory at lower costs through information sharing. Different incentive mechanisms were presented to tackle the complexities in information sharing. However, the relation between different incentive mechanisms and the performance measures of supply chain is not yet developed. The objectives of this paper are to: understand and appreciate various incentive mechanisms available for information sharing in supply chain, propose a holistic model to explore different incentive mechanisms both quantitative and qualitative and their value in supply chain.

The role of digitalized information sharing for flexibility capability utilization: lessons from Germany and Japan

2021 ◽  
Vol 51 (2) ◽  
pp. 181-203
Author(s):  
Mathias Doetzer ◽  
Alexander Pflaum
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Information Sharing ◽  
Risk Mitigation ◽  
Digital Information ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Content Type ◽  
Time Accuracy

PurposeInformation-sharing and flexibility are considered to be major tools for risk mitigation and supply chain resiliency. However, less light has been shed on the role of information-sharing as an enabler to utilize flexibility capabilities before and after supply chain disruptions. The aim of this paper is to provide indications on how digitalized information-sharing (DIS) enhances flexibility capability utilization.Design/methodology/approachThe methodology follows a qualitative approach, including 31 transcribed semi-structured interviews with supply chain experts in Germany and Japan.FindingsThe findings indicate that DIS supports flexibility capability utilization in pre- and post-disruptive supply chain management. First, the enhancement of estimated transport time accuracy supports rapid supplier and transport mode adjustment. Second, while the effects of DIS in manufacturing are limited without pre-existing flexibility capabilities, steady internal and external DIS utilizes exciting manufacturing flexibility to cope with disruptions beyond production. Third, track and trace technologies enhance the value of shared data and allow flexibility in the form of demand-oriented distribution, but companies unable to adopt technologies can still enhance flexibility capabilities with DIS using the existing infrastructure.Originality/valueThis paper highlights the essential role of digital information-sharing for flexibility utilization in supply chain risk management. While existing studies engaged with flexibility and information-sharing in supply chain risk management, this study contributes by emphasizing digital information-sharing as a key triggering enabler for flexibility in pre- and post-disruptive phases.

scholarly journals Research on the Incentive Mechanism of the Pension Service Supply Chain under Asymmetric Information

2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Xiaohua Chen
Keyword(s):  
Supply Chain ◽  
Information Asymmetry ◽  
Information Sharing ◽  
Service Providers ◽  
Practical Significance ◽  
Mutual Trust ◽  
Incentive Model ◽  
Service Capability ◽  
Important Means ◽  
The Incentive Mechanism

The information asymmetry between the pension service integrator and the pension service providers will affect the efficiency of the whole supply chain, and information sharing can solve this problem to a certain extent. To achieve information sharing, mutual trust is the first condition and mutual trust is also one of the important means of endogenous incentives. In this paper, the trust incentive coefficient is embedded in the principal-agent model. Considering the service capability coefficient, the communication degree coefficient, and the information sharing degree coefficient of the pension service providers, the trust incentive model of the supply chain of the pension service is constructed, the model is solved, and the conclusion is drawn. Finally, the correctness of the conclusion is verified by the numerical simulation using SAS software. The final results show that, under the condition of information asymmetry, the trust incentive coefficient of the pension service integrator to the pension service providers is positively correlated with the effort coefficient, the service capability coefficient, the communication coefficient, and the information sharing degree coefficient of the pension service providers, while it is positively correlated with the effort cost coefficient, the output sharing coefficient, and the risk aversion coefficient of the pension service providers. The variance of number and external environmental variables is negatively correlated. This research has shown that the trust is a means of incentive for pension service providers to share information. This research has a certain practical significance for improving the service efficiency of the pension services supply chain and optimizing the level of pension services.

The Information Sharing Mechanism of the Supply Chain of Chained Enterprises Based on E-Commerce

2011 ◽  
Vol 204-210 ◽  
pp. 1603-1606 ◽  
Author(s):  
Wei Jie Guo ◽  
Huan Qi ◽  
Qiu Jun Guo
Keyword(s):  
Game Theory ◽  
Supply Chain ◽  
Information Sharing ◽  
Incentive Model ◽  
The Game Theory ◽  
Information Sharing Mechanism ◽  
The Given

Effective information sharing mechanism is a very important part of the supply chain. For the supply chain of chained enterprises based on e-commerce, we use the game theory to analyze the necessity of information sharing. The incentive model of information sharing for the participators of the supply chain is proposed based on the given cost and weighing of each participator.

scholarly journals Supply chain risk management and operational performance in the food retail industry in Zimbabwe

2020 ◽  
Vol 20 (1) ◽  
Author(s):  
Le-roy T. Mutekwe ◽  
Chengedzai Mafini ◽  
Elizabeth Chinomona
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Risk Analysis ◽  
Information Sharing ◽  
Risk Sharing ◽  
Operational Performance ◽  
Retail Industry ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Food Retail

Orientation: Supply chain risk management in the Zimbabwean business context is under researched, presenting numerous opportunities for further empirical investigations. This article is an attempt to address manifest research gaps in this area, using the food retail environment as a practical case.Research purpose: To investigate the nexus between supply chain risk management and operational performance in the food retail industry in Zimbabwe.Motivation for the study: The food retail industry in Zimbabwe faces numerous supply chain risks, as most of the products sold are imported. It is essential to understand how the management of these supply chain risks impacts the operational performance of firms.Research approach, design and method: The study employed a quantitative survey design, using a sample of 227 food retail firm managers and supply chain professionals based in Harare. The collected data were analysed using structural equation modelling.Main findings: The results of the study showed significant positive relationships between supply chain risk management and risk information sharing and risk analysis and assessment. Further significant positive relationships were observed between risk analysis and assessment and risk-sharing mechanisms. In turn, risk-sharing mechanisms significantly predicted operational performance. However, no significant direct relationship was observed between supply chain risk management and operational performance.Practical/managerial implications: The study demonstrates that the operational performance of food retailing firms can be improved significantly through the institutionalisation of the mediating variables (risk information sharing, risk analysis and assessment, risk-sharing mechanisms) considered in this study. Management in the food retail industry may use the results of this study as a problem-solving framework for addressing operational constraints.Contributions/value-add: The study provides information that aids in the understanding of supply chain risk management, risk information sharing, risk analysis and assessment, risk-sharing mechanisms and operational performance, as well as the connection between them in a food retail context.

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