Abstract
Article history: Received October 15, 2011 Received in Revised form October, 30, 2011 Accepted 30 January 2012 Available online 9 February 2012 E-procurement risks has emerged as an important issue for researchers and practitioners because mitigating supply chain risk helps improve firms’ as well as supply chains’ performance. E-marketplaces have been steadily growing and there have been significant interest in e-business research. There are different risks and uncertainties involved with Emarketplaces, which jeopardizes the sector but we have had a large amount of hype and the business still continue to grow. The primary aim of this study is to identify E-procurement risks and evaluate them using a fuzzy AHP framework. We contribute E-procurement risk by identifying 13 critical criteria and determine four important ones including the extent of acceptable information, interrelationship risk, lack of honesty in relationships and product quality and safety for evaluating suppliers’ risk. © 2012 Growing Science Ltd. All rights reserved.
Highlights
Over the past 10 years, earthquakes, economic crises, SARS, strikes, terrorist attacks have disrupted supply chain operations repeatedly
We present an analysis path for the framework based on the operational process cycle (OPC) and the product life cycle (PLC), as well as Supply chain (SC) organizational performance factors (OPF) and available risk operational practice (ROP)
The aim of this research was to construct a simple and reliable model to evaluate the e-procurement risks for industries
Summary
Over the past 10 years, earthquakes, economic crises, SARS, strikes, terrorist attacks have disrupted supply chain operations repeatedly. Chain (SC) disruptions can have significant impact on a firm’s short-term performance. There are many negative effects of having possible disruption on supply chain and it could eventually reduce the performance of a firm. Hendricks and Singhal (2005) report that companies suffering from supply chain disruptions experienced 33–40% lower stock returns relative to their industry benchmarks. With the logic integration of numerous managerial risk factors in SC risk system, there is a need to have comprehensive risk assessment models to improve stability of decision-making process and pertinence of risk measurements selected. We present an analysis path for the framework based on the operational process cycle (OPC) and the product life cycle (PLC), as well as SC organizational performance factors (OPF) and available risk operational practice (ROP)
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