Supply Risk Mitigation Via Supplier Diversification and Improvement: An Experimental Evaluation

2017 ◽  
Author(s):  
Basak Kalkanci
Keyword(s):  
Experimental Evaluation ◽  
Risk Mitigation ◽  
Supply Risk

scholarly journals Analysis of mitigation strategy for operational supply risk: An empirical study of halal food manufacturers in Malaysia

2021 ◽  
Vol 9 (4) ◽  
pp. 797-810 ◽  
Author(s):  
Fadhlur Rahim Azmi ◽  
Haslinda Musa ◽  
Suhaiza Hanim Mohamad Zailani ◽  
Soo-Fen Fam
Keyword(s):  
Structural Equation ◽  
Risk Mitigation ◽  
Mitigation Strategy ◽  
Mitigation Strategies ◽  
Equation Modeling ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Supply Risk ◽  
Mediating Role ◽  
Halal Food

This study aims empirically to analyze mitigation strategies for operational supply risk among halal food manufacturers in Malaysia. A survey of 369 halal food manufacturers is used to test a research model that proposes a relationship between operational supply risk and risk consequences as well as the mediating role of risk mitigation strategies. Structural equation modeling reveals that in the absence of a risk mitigation strategy (behavior-based management, buffer-based management, and traceability-based management), operational risk consequences are significantly influenced by operational supply risk. The analysis also showed the mitigation strategies reduce risk events by its interaction between operational supply risk and risk consequences. This study shows significant data about the management of halal food manufacturing. Due to the limitations of this survey, further study is necessary to analyze how other halal's sectors manage their supply chain risk management.

Operational supply risk mitigation of SME and its impact on operational performance

2019 ◽  
Vol 39 (4) ◽  
pp. 478-502 ◽  
Author(s):  
Priyabrata Chowdhury ◽  
Kwok Hung Lau ◽  
Siddhi Pittayachawan
Keyword(s):  
Social Capital ◽  
Negative Impact ◽  
Risk Mitigation ◽  
Mitigation Strategies ◽  
Three Dimensions ◽  
Operational Performance ◽  
Equation Modeling ◽  
Supply Risk ◽  
Content Type ◽  
Supplier Integration

Purpose The purpose of this paper is to investigate how buyer–supplier social capital may help mitigate operational supply risk (OSR) of small- and medium-sized enterprises (SMEs). It empirically examines a framework that posits the direct and mediated impacts of three dimensions of buyer–supplier social capital – structural, relational and cognitive – and supplier integration on the OSR of SMEs and consequently their operational performance. Design/methodology/approach This study uses data collected via a questionnaire from 485 manufacturing SMEs in Bangladesh for analysis using structural equation modeling. Findings The analysis reveals that all the three dimensions of buyer–supplier social capital can effectively reduce the OSR of SMEs, either directly or indirectly through supplier integration. The mediating role of supplier integration in the relationship between social capital and OSR is confirmed and the negative impact of OSR on operational performances of SMEs is verified. Research limitations/implications Generalization of the findings needs to be prudent since the study gathered information only from manufacturing SMEs in Bangladesh on the buyer side of the buyer–supplier dyad. Practical implications Findings of this study can provide references for SME practitioners to formulate their OSR mitigation strategies for enhancing operational performance. Originality/value This study adds to the currently scarce literature on OSR of SMEs by combining antecedents and consequences of OSR in a single framework. It also extends the use of buyer–supplier social capital to risk mitigation research.

scholarly journals Coordination mechanisms of a three-layer supply chain under demand and supply risk uncertainties

2020 ◽  
Author(s):  
Bibhas Giri ◽  
Joyanta Kumar Majhi ◽  
Kripasindhu Chaudhuri
Keyword(s):  
Supply Chain ◽  
Raw Materials ◽  
Risk Mitigation ◽  
Maximum Growth ◽  
Revenue Sharing ◽  
Supply Risk ◽  
Supply Disruption ◽  
Demand And Supply ◽  
Revenue Sharing Contract ◽  
Yield Risk

This paper considers a newsvendor model for a single product to focus on the importance of coordination under demand and supply uncertainties where the raw materials are procured from two unreliable suppliers without any emergency resource; the main supplier (which is cheaper but more unreliable) is prone to random supply disruption and, therefore, it can satisfy all or nothing of the buyer's order, while the backup supplier (which is expensive but less unreliable) is prone to random yield and, therefore, can satisfy only a random fraction of the buyer's order. From the numerical results, we observe that it would be optimal to over-utilize the backup supplier and under-utilize the main supplier if the maximum growth in supply risk results from supply disruption. On the other hand, when the growth in supply risk occurs mainly due to increase in yield risk, the optimal risk mitigation strategy would be to increase the use of the backup supplier and decrease the use of the main supplier.  We propose the price only contract and a new revenue sharing contract to mitigate demand and supply uncertainties in the decentralized model, and observe that the revenue sharing contract can fully coordinate the supply chain with win-win outcome for all entities involved in the supply chain.

scholarly journals Supply risk mitigation: a multi-theoretical perspective

2016 ◽  
Vol 27 (10) ◽  
pp. 853-863 ◽  
Author(s):  
Jie Chen ◽  
Amrik S. Sohal ◽  
Daniel I. Prajogo
Keyword(s):  
Risk Mitigation ◽  
Theoretical Perspective ◽  
Supply Risk
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