Abstract
Today organizations of any magnitude have heavily integrated supply chain. The supply chain management consists of all parties involved, directly or indirectly in fulfilling customer request. There is an immense growth which has expanded from the traditional point of view as not only of physical distribution of materials but also to services. Implementing supply chain risk management has been troubleshooting in many organizations. In practice assessing risk management in supply chain is rather underdeveloped and often dealt with informal and reactive manner. As risk management issues today is subjected to substantial research and the organizations are trying to mitigate the risk issues so as to maintain the smooth operation of supply chain. The purpose of this paper is to identify and prioritize the risk factors in context to supply chain management of Indian manufacturing organizations. The research presented here is specifically targeted to Indian manufacturing organizations which are managing the supply chain operations. This paper deals with the risk issues and thus empirically assesses which risk factors are most influencing one in supply chain operations which must be given careful attention.
Highlights
Chain Management (SCM) is defined as managing chain of events that strives to balance activities such as promotion, sales, distribution and production
There is a lack of conceptual framework and empirical findings to provide clear meaning and guidance to visualize the global supply chain management
Existence of supply chain can be seen in both service industries as well as in manufacturing industries and the complexity variation occurs from industries to industries and from firm to firm
Summary
Chain Management (SCM) is defined as managing chain of events that strives to balance activities such as promotion, sales, distribution and production. It can be defined as profit maximization (Hise, 1995; Nelson and Toledano, 1979). As of today supply chain is becoming more and more complex due to global sourcing and continuous trend of leaning down and as a result supply chain risk increases. The motives behind organizations turning towards risk management approaches being the global competition, change in technology, and the continuous contention for competitive advantage (Brindley, 2004).
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