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Year 2017, Volume: 10 Issue: 1, 0 - 0, 30.06.2017

Merve Er Kara Seniye Ümit Fırat

Abstract

References

  • Ambulkar, S., Blackhurst, J., Grawe, S., "Firm's resilience to supply chain disruptions: Scale development and empirical examination", Journal of Operations Management, 2015, 33-34, 111-122.
  • Basole, R.C., Bellamy, M.A., "Visual analysis of supply network risks: Insights from the electronics industry", Decision Support Systems, 2014, 67, 109-120.
  • Boyson, S., “Cyber supply chain risk management: Revolutionizing the strategic control of critical IT systems”, Technovation, 2014, 34, 342-353.
  • Bradley, J.R., “An improved method for managing catastrophic supply chain disruptions”, Business Horizons, 2014, 57, 483-495.
  • Chen, Y.J., Seshadri, S. “Supply chain structure and demand risk”, Automatica, 2006, 42, 1291-1299.
  • Chopra, S., Sodhi, M.S., "Managing Risk to Avoid Supply-Chain Breakdown", MIT Sloan Management Review, 2004, Vol. 46 (1), 53-61.
  • Christopher, M., Peck, H., "Building the Resilient Supply Chain", The International Journal of Logistics Management, 2004, 15 (2), 1-14.
  • Claypool, E., Norman, B.A., Needy, K.L., "Modeling risk in a Design for Supply Chain problem", Computers & Industrial Engineering, 2014, 78, 44-54.
  • Deloitte, “The Ripple Effect: How manufacturing and retail executives view the growing challenge of supply chain risk”, Retrieved November 15, 2014, from http://www2.deloitte.com/content/dam/Deloitte/us/Documents/process-and-operations/us-consulting-therippleeffect-041213.pdf, 2013.
  • Er Kara, M., Oktay Fırat, S.Ü., “Tedarik Zinciri Risk Yönetiminin Gelişmesini Tetikleyen Risk Olayları Üzerine bir İnceleme (A Review on Risk Events that Trigger the Development of Supply Chain Risk Management)”, in Proceedings of 4th National Logistics and Supply Chain Conference, Gümüşhane, Turkey, 2015, 326-334.
  • Fang, J., Zhao, L., Fransoo, J.C., Woensel, T.V., “Sourcing strategies in supply risk management: An approximate dynamic programming approach”, Computers & Operations Research, 2013, 40, 1371-1382.
  • Giannakis, M., Louis, M., "A multi-agent based framework for supply chain risk management", Journal of Purchasing & Supply Management, 2011, 17, 23-31.
  • Heckmann, I., Comes, T., Nickel, S., “A critical review on supply chain risk- Definition, measure and modeling”, Omega, 2015, 52, 119-132.
  • Kim, K.K., Park, K.S., "Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm", European Journal of Operational Research, 2014, 237, 634-648.
  • Klibi, W., Martel, A., "Scenario-based Supply Chain Network risk modeling", European Journal of Operational Research, 2012, 223, 644-658.
  • Lai, G., Debo, L.G., Sycara, K., "Sharing inventory risk in supply
  • chain: The implication of financial constraint", Omega, 2009, 37, 811-825.
  • Lavastre, O., Gunasekaran, A., Spalanzani, A., “Supply chain risk management in French companies”, Decision Support Systems, 2012, 52, 828-838.
  • Le, H.Q., Arch-int, S., Nguyen, H.X., Arch-int, N., “Association rule hiding in risk management for retail supply chain collaboration”, Computers in Industry, 2013, 64, 776-784.
  • Liu, Z., Cruz, J.M., "Supply chain networks with corporate financial risks and trade credits under economic uncertainty", Int. J. Production Economics, 2012, 137, 55-67.
  • Liu, Z., Nagurney, A., "Supply chain outsourcing under exchange rate risk and competition", Omega, 2011, 39, 539-549.
  • Manuj I., Mentzer, J.T., "Global Supply Chain Risk Management", Journal of Business Logistics, 2008, 29 (1), 133-155.
  • Mulhall, R.A., Bryson, J.R., "Energy price risk and the sustainability of demand side supply chains", Applied Energy, 2014, 123, 327-334.
  • 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, 2004, 34(5), 434-456.
  • Oke, A., Gopalakrishnan, M., "Managing disruptions in supply chains: A case study of a retail supply chain", Int. J. Production Economics, 2009, 118, 168-174.
  • Pettit, T.J., Croxton, K.L., Fiksel, J., "Ensuring Supply Chain Resilience: Development and Implementation of an Assessment Tool", Journal of Business Logistics, 2013, 34(1), 46-76.
  • Pettit, T.J., Fiksel, J., Croxton, K.L., "Ensuring Supply Chain Resilience: Development of a Conceptual Framework", Journal of Business Logistics, 2010, 31(1), 1-21.
  • Pollard, D., Stephen, D.W., “Sustainability, Risk and Opportunity: A Holistic Approach”, Chartered Accountants of Canada and Global Accounting Alliance, Toronto, 2008.
  • Revilla, E., Saenz, M.J., "Supply chain disruption management: Global convergence vs national specificity", Journal of Business Research, 2014, 67, 1123-1135.
  • Sawik, T., “Selection of resilient supply portfolio under disruption risks”, Omega, 2013, 41, 259-269.
  • Schmitt, A.J., Sun, S.A., Snyder, L.V., Shen, Z.J.M., "Centralization versus decentralization: Risk pooling, risk diversification, and supply chain disruptions", Omega, 2015, 52, 201-212.
  • Sinha, P.R., Whitman, L. E., Malzahn, D., “Methodology to mitigate supplier risk in an aerospace supply chain”, Supply Chain Management: An International Journal, 2004, Vol. 9, Iss. 2, 154-168.
  • Tabrizi, B.H., Razmi, J., "Introducing a mixed-integer non-linear fuzzy model for risk management in designing supply chain networks", Journal of Manufacturing Systems, 2013, 32, 295-307.
  • Takata, S., Yamanaka, M., “BOM based supply chain risk management”, Manufacturing Technology, 2013, 62, 479-482.
  • Tang, C., Tomlin, B., "The power of flexibility for mitigating supply chain risks", Int. J. Production Economics, 2008, 116, 12-27.
  • Tang, O., Musa, S.N., "Identifying risk issues and research advancements in supply chain risk management", Int. J. Production Economics, 2011, 133, 25-34.
  • Thun, J.H. and Hoenig, D., "An empirical analysis of supply chain risk management in the German automotive industry", Int. J. Production Economics, 2011, 131, 242-249.
  • Tomlin, B., “Managing supply-demand risk in global production: Creating cost-effective flexible networks”, Business Horizons, 2014, 57, 509-519.
  • Trkman, P., McCormack, K., "Supply chain risk in turbulent environments-A conceptual model for managing supply chain network risk", Int. J. Production Economics, 2009, 119, 247-258.
  • Tsai, C.Y., "On supply chain cash flow risks", Decision Support Systems, 2008, 44, 1031-1042.
  • Tuncel, G., Alpan, G., “Risk assessment and management for supply chain networks: A case study”, Computers in Industry, 2010, 61, 250-259.
  • Vilko, J.P.P. and Hallikas, J.M., "Risk assessment in multimodal supply chains", Int. J. Production Economics, 2012, 140, 586-595.
  • Waters, D., Supply Chain Risk Management: Vulnerability and Resilience in Logistics, 2nd Edition, Kogan Page Ltd, UK, 2011.
  • WEF, "New Models for Addressing Supply Chain and Transport Risk", World Economic Forum, accessed from: http://www3.weforum.org/docs/WEF_SCT_RRN_NewModelsAddressingSupplyChainTransportRisk_IndustryAgenda_2012.pdf in 15.11.2014, 2012.
  • Wu, D., Wu, D.D., Zhang, Y., Olson, D.L., “Supply chain outsourcing risk using an integrated stochastic-fuzzy optimization approach”, Information Sciences, 2013, 235, 242-258.
  • Xia, D., Chen, B., "A comprehensive decision-making model for risk management of supply chain", Expert Systems with Applications, 2011, 38, 4957-4966.
  • Zsidisin, G.A., Ritchie B., “Supply Chain Risk Management-Developments, Issues and Challenges”, In Zsidisin, G.A. and Ritchie, B. (Eds.), Supply Chain Risk: A Handbook of Assessment, Management and Performance, Springer, 2009, 1-12.

SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION

Year 2017, Volume: 10 Issue: 1, 0 - 0, 30.06.2017

Merve Er Kara Seniye Ümit Fırat

Abstract

Identification of risks is the first step to build a resilient and sustainable supply chain and develop proactive risk management strategies. Supply chains contain numerous risks with different forms, probabilities and impacts. Supply chain risks have a multi-dimensional nature and can result from a wide variety of sources including demand and supply variability, poor performing suppliers, price fluctuations, dynamic consumer markets, global economic uncertainty, and even unexpected events such as work accidents, cyber-attacks and natural disasters.  Supply chain risks may cause business interruptions, financial losses, a negative corporate image and, damages to human health and safety. The purpose of this paper is to present a literature review on the risks and their sources in supply chains and develop a new categorization for supply chain risks. The proposed categorization provides a starting point for risk management and may assist practitioners in identifying risks.

Keywords

Supply Chain Risk Risk Categorization; Disruption

References

  • Ambulkar, S., Blackhurst, J., Grawe, S., "Firm's resilience to supply chain disruptions: Scale development and empirical examination", Journal of Operations Management, 2015, 33-34, 111-122.
  • Basole, R.C., Bellamy, M.A., "Visual analysis of supply network risks: Insights from the electronics industry", Decision Support Systems, 2014, 67, 109-120.
  • Boyson, S., “Cyber supply chain risk management: Revolutionizing the strategic control of critical IT systems”, Technovation, 2014, 34, 342-353.
  • Bradley, J.R., “An improved method for managing catastrophic supply chain disruptions”, Business Horizons, 2014, 57, 483-495.
  • Chen, Y.J., Seshadri, S. “Supply chain structure and demand risk”, Automatica, 2006, 42, 1291-1299.
  • Chopra, S., Sodhi, M.S., "Managing Risk to Avoid Supply-Chain Breakdown", MIT Sloan Management Review, 2004, Vol. 46 (1), 53-61.
  • Christopher, M., Peck, H., "Building the Resilient Supply Chain", The International Journal of Logistics Management, 2004, 15 (2), 1-14.
  • Claypool, E., Norman, B.A., Needy, K.L., "Modeling risk in a Design for Supply Chain problem", Computers & Industrial Engineering, 2014, 78, 44-54.
  • Deloitte, “The Ripple Effect: How manufacturing and retail executives view the growing challenge of supply chain risk”, Retrieved November 15, 2014, from http://www2.deloitte.com/content/dam/Deloitte/us/Documents/process-and-operations/us-consulting-therippleeffect-041213.pdf, 2013.
  • Er Kara, M., Oktay Fırat, S.Ü., “Tedarik Zinciri Risk Yönetiminin Gelişmesini Tetikleyen Risk Olayları Üzerine bir İnceleme (A Review on Risk Events that Trigger the Development of Supply Chain Risk Management)”, in Proceedings of 4th National Logistics and Supply Chain Conference, Gümüşhane, Turkey, 2015, 326-334.
  • Fang, J., Zhao, L., Fransoo, J.C., Woensel, T.V., “Sourcing strategies in supply risk management: An approximate dynamic programming approach”, Computers & Operations Research, 2013, 40, 1371-1382.
  • Giannakis, M., Louis, M., "A multi-agent based framework for supply chain risk management", Journal of Purchasing & Supply Management, 2011, 17, 23-31.
  • Heckmann, I., Comes, T., Nickel, S., “A critical review on supply chain risk- Definition, measure and modeling”, Omega, 2015, 52, 119-132.
  • Kim, K.K., Park, K.S., "Transferring and sharing exchange-rate risk in a risk-averse supply chain of a multinational firm", European Journal of Operational Research, 2014, 237, 634-648.
  • Klibi, W., Martel, A., "Scenario-based Supply Chain Network risk modeling", European Journal of Operational Research, 2012, 223, 644-658.
  • Lai, G., Debo, L.G., Sycara, K., "Sharing inventory risk in supply
  • chain: The implication of financial constraint", Omega, 2009, 37, 811-825.
  • Lavastre, O., Gunasekaran, A., Spalanzani, A., “Supply chain risk management in French companies”, Decision Support Systems, 2012, 52, 828-838.
  • Le, H.Q., Arch-int, S., Nguyen, H.X., Arch-int, N., “Association rule hiding in risk management for retail supply chain collaboration”, Computers in Industry, 2013, 64, 776-784.
  • Liu, Z., Cruz, J.M., "Supply chain networks with corporate financial risks and trade credits under economic uncertainty", Int. J. Production Economics, 2012, 137, 55-67.
  • Liu, Z., Nagurney, A., "Supply chain outsourcing under exchange rate risk and competition", Omega, 2011, 39, 539-549.
  • Manuj I., Mentzer, J.T., "Global Supply Chain Risk Management", Journal of Business Logistics, 2008, 29 (1), 133-155.
  • Mulhall, R.A., Bryson, J.R., "Energy price risk and the sustainability of demand side supply chains", Applied Energy, 2014, 123, 327-334.
  • 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, 2004, 34(5), 434-456.
  • Oke, A., Gopalakrishnan, M., "Managing disruptions in supply chains: A case study of a retail supply chain", Int. J. Production Economics, 2009, 118, 168-174.
  • Pettit, T.J., Croxton, K.L., Fiksel, J., "Ensuring Supply Chain Resilience: Development and Implementation of an Assessment Tool", Journal of Business Logistics, 2013, 34(1), 46-76.
  • Pettit, T.J., Fiksel, J., Croxton, K.L., "Ensuring Supply Chain Resilience: Development of a Conceptual Framework", Journal of Business Logistics, 2010, 31(1), 1-21.
  • Pollard, D., Stephen, D.W., “Sustainability, Risk and Opportunity: A Holistic Approach”, Chartered Accountants of Canada and Global Accounting Alliance, Toronto, 2008.
  • Revilla, E., Saenz, M.J., "Supply chain disruption management: Global convergence vs national specificity", Journal of Business Research, 2014, 67, 1123-1135.
  • Sawik, T., “Selection of resilient supply portfolio under disruption risks”, Omega, 2013, 41, 259-269.
  • Schmitt, A.J., Sun, S.A., Snyder, L.V., Shen, Z.J.M., "Centralization versus decentralization: Risk pooling, risk diversification, and supply chain disruptions", Omega, 2015, 52, 201-212.
  • Sinha, P.R., Whitman, L. E., Malzahn, D., “Methodology to mitigate supplier risk in an aerospace supply chain”, Supply Chain Management: An International Journal, 2004, Vol. 9, Iss. 2, 154-168.
  • Tabrizi, B.H., Razmi, J., "Introducing a mixed-integer non-linear fuzzy model for risk management in designing supply chain networks", Journal of Manufacturing Systems, 2013, 32, 295-307.
  • Takata, S., Yamanaka, M., “BOM based supply chain risk management”, Manufacturing Technology, 2013, 62, 479-482.
  • Tang, C., Tomlin, B., "The power of flexibility for mitigating supply chain risks", Int. J. Production Economics, 2008, 116, 12-27.
  • Tang, O., Musa, S.N., "Identifying risk issues and research advancements in supply chain risk management", Int. J. Production Economics, 2011, 133, 25-34.
  • Thun, J.H. and Hoenig, D., "An empirical analysis of supply chain risk management in the German automotive industry", Int. J. Production Economics, 2011, 131, 242-249.
  • Tomlin, B., “Managing supply-demand risk in global production: Creating cost-effective flexible networks”, Business Horizons, 2014, 57, 509-519.
  • Trkman, P., McCormack, K., "Supply chain risk in turbulent environments-A conceptual model for managing supply chain network risk", Int. J. Production Economics, 2009, 119, 247-258.
  • Tsai, C.Y., "On supply chain cash flow risks", Decision Support Systems, 2008, 44, 1031-1042.
  • Tuncel, G., Alpan, G., “Risk assessment and management for supply chain networks: A case study”, Computers in Industry, 2010, 61, 250-259.
  • Vilko, J.P.P. and Hallikas, J.M., "Risk assessment in multimodal supply chains", Int. J. Production Economics, 2012, 140, 586-595.
  • Waters, D., Supply Chain Risk Management: Vulnerability and Resilience in Logistics, 2nd Edition, Kogan Page Ltd, UK, 2011.
  • WEF, "New Models for Addressing Supply Chain and Transport Risk", World Economic Forum, accessed from: http://www3.weforum.org/docs/WEF_SCT_RRN_NewModelsAddressingSupplyChainTransportRisk_IndustryAgenda_2012.pdf in 15.11.2014, 2012.
  • Wu, D., Wu, D.D., Zhang, Y., Olson, D.L., “Supply chain outsourcing risk using an integrated stochastic-fuzzy optimization approach”, Information Sciences, 2013, 235, 242-258.
  • Xia, D., Chen, B., "A comprehensive decision-making model for risk management of supply chain", Expert Systems with Applications, 2011, 38, 4957-4966.
  • Zsidisin, G.A., Ritchie B., “Supply Chain Risk Management-Developments, Issues and Challenges”, In Zsidisin, G.A. and Ritchie, B. (Eds.), Supply Chain Risk: A Handbook of Assessment, Management and Performance, Springer, 2009, 1-12.
There are 47 citations in total.

Details

Journal Section Articles
Authors

Merve Er Kara

Seniye Ümit Fırat

Publication Date June 30, 2017
Published in Issue Year 2017 Volume: 10 Issue: 1

Cite

APA Er Kara, M., & Fırat, S. Ü. (2017). SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION. Beykent Üniversitesi Fen Ve Mühendislik Bilimleri Dergisi, 10(1).
AMA Er Kara M, Fırat SÜ. SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION. BUJSE. June 2017;10(1).
Chicago Er Kara, Merve, and Seniye Ümit Fırat. “SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION”. Beykent Üniversitesi Fen Ve Mühendislik Bilimleri Dergisi 10, no. 1 (June 2017).
EndNote Er Kara M, Fırat SÜ (June 1, 2017) SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION. Beykent Üniversitesi Fen ve Mühendislik Bilimleri Dergisi 10 1
IEEE M. Er Kara and S. Ü. Fırat, “SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION”, BUJSE, vol. 10, no. 1, 2017.
ISNAD Er Kara, Merve - Fırat, Seniye Ümit. “SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION”. Beykent Üniversitesi Fen ve Mühendislik Bilimleri Dergisi 10/1 (June 2017).
JAMA Er Kara M, Fırat SÜ. SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION. BUJSE. 2017;10.
MLA Er Kara, Merve and Seniye Ümit Fırat. “SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION”. Beykent Üniversitesi Fen Ve Mühendislik Bilimleri Dergisi, vol. 10, no. 1, 2017.
Vancouver Er Kara M, Fırat SÜ. SUPPLY CHAIN RISKS: LITERATURE REVIEW AND A NEW CATEGORIZATION. BUJSE. 2017;10(1).

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