IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v119y2009i2p247-258.html
   My bibliography  Save this article

Supply chain risk in turbulent environments--A conceptual model for managing supply chain network risk

Author

Listed:
  • Trkman, Peter
  • McCormack, Kevin

Abstract

Supply risk or the likelihood of supply disruptions is emerging as a key challenge to supply chain management. The ability to identify which supplier has greater potential of a disruption is a critical first step in managing the frequency and impact of these disruptions that often significantly impact on the supply chain. This paper presents preliminary research concepts regarding a new approach to the identification and prediction of supply risk. This approach to the assessment and classification of suppliers is based on supplier's attributes, performances and supply chain characteristics, while it is also modified by factors in the supplier's specific environment. The challenges posed to supply chains due to a turbulent environment (both from within the industry and external influences) are examined. A new method for the assessment and classification of suppliers based on their characteristics, performances and the environment of the industry in which they operate is presented. The findings are explained within the contingency theory.

Suggested Citation

  • Trkman, Peter & McCormack, Kevin, 2009. "Supply chain risk in turbulent environments--A conceptual model for managing supply chain network risk," International Journal of Production Economics, Elsevier, vol. 119(2), pages 247-258, June.
    • Handle: RePEc:eee:proeco:v:119:y:2009:i:2:p:247-258
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925-5273(09)00067-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Li, Wenli & Humphreys, Paul K. & Yeung, Andy C.L. & Edwin Cheng, T.C., 2007. "The impact of specific supplier development efforts on buyer competitive advantage: an empirical model," International Journal of Production Economics, Elsevier, vol. 106(1), pages 230-247, March.
    2. Araz, Ceyhun & Ozkarahan, Irem, 2007. "Supplier evaluation and management system for strategic sourcing based on a new multicriteria sorting procedure," International Journal of Production Economics, Elsevier, vol. 106(2), pages 585-606, April.
    3. Chulmo Koo & Jaeki Song & Yong Jin Kim & Kichan Nam, 2007. "Do e-business strategies matter? The antecedents and relationship with firm performance," Information Systems Frontiers, Springer, vol. 9(2), pages 283-296, July.
    4. Brun, Alessandro & Caridi, Maria & Fahmy Salama, Kamal & Ravelli, Ivan, 2006. "Value and risk assessment of supply chain management improvement projects," International Journal of Production Economics, Elsevier, vol. 99(1-2), pages 186-201, February.
    5. Fynes, Brian & Voss, Chris & de Burca, Sean, 2005. "The impact of supply chain relationship quality on quality performance," International Journal of Production Economics, Elsevier, vol. 96(3), pages 339-354, June.
    6. Wilson, Martha C., 2007. "The impact of transportation disruptions on supply chain performance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 43(4), pages 295-320, July.
    7. Buxmann, Peter & Ahsen, Anette von & Martin Diaz, Luis & Wolf, Kristina, 2004. "Usage and Evaluation of Supply Chain Management Software - Results of an Empirical Study in the European Automotive Industry," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 37792, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    8. Huang, Samuel H. & Keskar, Harshal, 2007. "Comprehensive and configurable metrics for supplier selection," International Journal of Production Economics, Elsevier, vol. 105(2), pages 510-523, February.
    9. Vonderembse, Mark A. & Uppal, Mohit & Huang, Samuel H. & Dismukes, John P., 2006. "Designing supply chains: Towards theory development," International Journal of Production Economics, Elsevier, vol. 100(2), pages 223-238, April.
    10. Brian Tomlin, 2006. "On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks," Management Science, INFORMS, vol. 52(5), pages 639-657, May.
    11. Demeter, Krisztina & Gelei, Andrea & Jenei, Istvan, 2006. "The effect of strategy on supply chain configuration and management practices on the basis of two supply chains in the Hungarian automotive industry," International Journal of Production Economics, Elsevier, vol. 104(2), pages 555-570, December.
    12. Wong, Hiu-Kan & Ellis, Paul D., 2007. "Is market orientation affected by the product life cycle?," Journal of World Business, Elsevier, vol. 42(2), pages 145-156, June.
    13. Chatterjee, Patrali, 2004. "Interfirm alliances in online retailing," Journal of Business Research, Elsevier, vol. 57(7), pages 714-723, July.
    14. Hallikas, Jukka & Karvonen, Iris & Pulkkinen, Urho & Virolainen, Veli-Matti & Tuominen, Markku, 2004. "Risk management processes in supplier networks," International Journal of Production Economics, Elsevier, vol. 90(1), pages 47-58, July.
    15. Aggarwal, Prabhu & Ganeshan, Ram, 2007. "Using risk-management tools on B2Bs: An exploratory investigation," International Journal of Production Economics, Elsevier, vol. 108(1-2), pages 2-7, July.
    16. Wu, Desheng & Olson, David L., 2008. "Supply chain risk, simulation, and vendor selection," International Journal of Production Economics, Elsevier, vol. 114(2), pages 646-655, August.
    17. Stadtler, Hartmut, 2005. "Supply chain management and advanced planning--basics, overview and challenges," European Journal of Operational Research, Elsevier, vol. 163(3), pages 575-588, June.
    18. Masaaki Kotabe & Xavier Martin & Hiroshi Domoto, 2003. "Gaining from vertical partnerships: knowledge transfer, relationship duration, and supplier performance improvement in the U.S. and Japanese automotive industries," Strategic Management Journal, Wiley Blackwell, vol. 24(4), pages 293-316, April.
    19. Tang, Christopher S., 2006. "Perspectives in supply chain risk management," International Journal of Production Economics, Elsevier, vol. 103(2), pages 451-488, October.
    20. B Ritchie & C Brindley, 2007. "An emergent framework for supply chain risk management and performance measurement," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(11), pages 1398-1411, November.
    21. Gunasekaran, A. & Patel, C. & McGaughey, Ronald E., 2004. "A framework for supply chain performance measurement," International Journal of Production Economics, Elsevier, vol. 87(3), pages 333-347, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guertler, Benjamin & Spinler, Stefan, 2015. "When does operational risk cause supply chain enterprises to tip? A simulation of intra-organizational dynamics," Omega, Elsevier, vol. 57(PA), pages 54-69.
    2. Dmitry Ivanov & Alexandre Dolgui & Boris Sokolov & Marina Ivanova, 2017. "Literature review on disruption recovery in the supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 55(20), pages 6158-6174, October.
    3. Guertler, Benjamin & Spinler, Stefan, 2015. "Supply risk interrelationships and the derivation of key supply risk indicators," Technological Forecasting and Social Change, Elsevier, vol. 92(C), pages 224-236.
    4. Kuzu, Kaan & Li, Wanxi, 2016. "Exploring supplier performance risk and the buyer's role using chance-constrained data envelopment analysisAuthor-Name: Ross, Anthony D," European Journal of Operational Research, Elsevier, vol. 250(3), pages 966-978.
    5. Venkatesh, V.G. & Rathi, Snehal & Patwa, Sriyans, 2015. "Analysis on supply chain risks in Indian apparel retail chains and proposal of risk prioritization model using Interpretive structural modeling," Journal of Retailing and Consumer Services, Elsevier, vol. 26(C), pages 153-167.
    6. Qazi, Abroon & Dickson, Alex & Quigley, John & Gaudenzi, Barbara, 2018. "Supply chain risk network management: A Bayesian belief network and expected utility based approach for managing supply chain risks," International Journal of Production Economics, Elsevier, vol. 196(C), pages 24-42.
    7. Chowdhury, Md Maruf H. & Quaddus, Mohammed, 2017. "Supply chain resilience: Conceptualization and scale development using dynamic capability theory," International Journal of Production Economics, Elsevier, vol. 188(C), pages 185-204.
    8. Jingfu Huang & Gaoke Wu & Yiju Wang, 2021. "Retailer’s Emergency Ordering Policy When Facing an Impending Supply Disruption," Sustainability, MDPI, vol. 13(13), pages 1-21, June.
    9. Wagner, Stephan M., 2011. "Supplier development and the relationship life-cycle," International Journal of Production Economics, Elsevier, vol. 129(2), pages 277-283, February.
    10. Wiengarten, Frank & Humphreys, Paul & Gimenez, Cristina & McIvor, Ronan, 2016. "Risk, risk management practices, and the success of supply chain integration," International Journal of Production Economics, Elsevier, vol. 171(P3), pages 361-370.
    11. Hallikas, Jukka & Lintukangas, Katrina, 2016. "Purchasing and supply: An investigation of risk management performance," International Journal of Production Economics, Elsevier, vol. 171(P4), pages 487-494.
    12. Ahmadi-Javid, Amir & Seddighi, Amir Hossein, 2013. "A location-routing problem with disruption risk," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 53(C), pages 63-82.
    13. Heckmann, Iris & Comes, Tina & Nickel, Stefan, 2015. "A critical review on supply chain risk – Definition, measure and modeling," Omega, Elsevier, vol. 52(C), pages 119-132.
    14. Shashi & Piera Centobelli & Roberto Cerchione & Myriam Ertz, 2020. "Managing supply chain resilience to pursue business and environmental strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1215-1246, March.
    15. Munir, Manal & Jajja, Muhammad Shakeel Sadiq & Chatha, Kamran Ali & Farooq, Sami, 2020. "Supply chain risk management and operational performance: The enabling role of supply chain integration," International Journal of Production Economics, Elsevier, vol. 227(C).
    16. Lettice, Fiona & Wyatt, Clare & Evans, Stephen, 2010. "Buyer-supplier partnerships during product design and development in the global automotive sector: Who invests, in what and when?," International Journal of Production Economics, Elsevier, vol. 127(2), pages 309-319, October.
    17. Pritee Ray & Mamata Jenamani, 2016. "Sourcing decision under disruption risk with supply and demand uncertainty: A newsvendor approach," Annals of Operations Research, Springer, vol. 237(1), pages 237-262, February.
    18. Mishra, Deepa & Sharma, R.R.K. & Kumar, Sameer & Dubey, Rameshwar, 2016. "Bridging and buffering: Strategies for mitigating supply risk and improving supply chain performance," International Journal of Production Economics, Elsevier, vol. 180(C), pages 183-197.
    19. Zhen, Xueping & Li, Yongjian & Cai, Gangshu (George) & Shi, Dan, 2016. "Transportation disruption risk management: business interruption insurance and backup transportation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 90(C), pages 51-68.
    20. Pritee Ray & Mamata Jenamani, 2016. "Sourcing decision under disruption risk with supply and demand uncertainty: A newsvendor approach," Annals of Operations Research, Springer, vol. 237(1), pages 237-262, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:119:y:2009:i:2:p:247-258. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.