Supply Chain Risk Management (eBook)

Advanced Tools, Models, and Developments

Yacob Khojasteh (Herausgeber)

eBook Download: PDF

2017 | 1st ed. 2018
XI, 334 Seiten
Springer Singapore (Verlag)
978-981-10-4106-8 (ISBN)

Infos

This book covers important issues related to managing supply chain risks from various perspectives. Supply chains today are vulnerable to disruptions with a significant impact on firms' business and performance. The aim of supply chain risk management is to identify the potential sources of risks and implement appropriate actions in order to mitigate supply chain disruptions.

This book presents a set of models, frameworks, strategies, and analyses that are essential for managing supply chain risks. As a comprehensive collection of the latest research and most recent cutting-edge developments on supply chain risk and its management, the book is structured into three main parts: 1) Supply Chain Risk Management; 2) Supply Chain Vulnerability and Disruptions Management; and 3) Toward a Resilient Supply Chain. Leading academic researchers as well as practitioners have contributed chapters, combining theoretical findings and research results with a practical and contemporary view on how companies can manage the supply chain risks and disruptions, as well as how to create a resilient supply chain.

This book can serve as an essential source for students and scholars who are interested in pursuing research or teaching courses in the rapidly growing area of supply chain risk management. It can also provide an interesting and informative read for managers and practitioners who need to deepen their knowledge of effective supply chain risk management.

Dr. Yacob Khojasteh is an Associate Professor of Operations Management at the Graduate Program in Business and Development Studies, Sophia University, Tokyo, Japan. He received his Ph.D. in Engineering from the University of Tsukuba, Japan. He also received his M.Sc. in Policy and Planning Sciences, and in Industrial Engineering from the University of Tsukuba, and Tarbiat Modares University, respectively. He has several years of professional experience in industry and consulting. His first book entitled 'Production Control Systems: A Guide to Enhance Performance of Pull Systems' was published by Springer in 2016. His research interests include production and operations management, supply chain management, systems modeling and optimization, and lean production systems.

Inhalt

Preface 5
Contents 9
About the Editor 11
Supply Chain Risk Management 12
1 Supply Chain Risk Management: A Comprehensive Review 13
Abstract 13
1.1 Introduction 13
1.2 Literature Review 14
1.3 Supply Chain Risk Management (SCRM) 17
1.3.1 Supply Chain Management 17
1.3.2 Risk Management 17
1.3.3 Definition of Supply Chain Risk Management 18
1.4 Research Methodology and Findings 19
1.4.1 Mathematical Programming and Game Theory Methods 19
1.4.2 Modeling Approach 20
1.4.3 Risk Quantification 20
1.4.4 Economic Evaluation Placement 23
1.4.5 Risk Placement 23
1.4.6 Decision Variables 26
1.4.7 Solution Method 28
1.4.8 Case Studies 28
1.5 Conclusions 29
References 29
2 Cost-Effectiveness and Manageability Based Prioritisation of Supply Chain Risk Mitigation Strategies 33
Abstract 33
2.1 Introduction 33
2.2 Literature Review 34
2.3 Proposed Modelling Approach 36
2.3.1 BBNs 36
2.3.1.1 Chain Rule for BBNs 37
2.3.2 Assumptions 37
2.3.3 Supply Chain Risk Network 37
2.3.3.1 An Illustrative Example of a Simple BBN 38
2.3.4 Problem Statement 40
2.3.5 Objective Function 40
2.3.6 Modelling Process 41
2.4 Simulation Study 42
2.4.1 Results and Analysis 43
2.4.1.1 Cost-Effectiveness Based Prioritisation of Strategies 45
2.4.1.2 Manageability and Cost-Effectiveness Based Prioritisation of Strategies 47
2.4.2 Managerial Implications 50
2.5 Conclusions 50
References 51
3 Modeling Risk Emergence and Propagation in Buyer-Supplier-Customer Relationships 53
Abstract 53
3.1 Introduction 54
3.2 Background 56
3.3 Research Method 58
3.3.1 Design Science Research Approach 58
3.3.2 Graph Theory: A Modeling Methodology for Designing RaSTs 59
3.4 RaST Typology: Groupings and Types of RaSTs and their Risk Ratings 62
3.4.1 Group 1 (1 Risk Trigger/1 Risk Taker/1 Risk Neutral) of Buyer-Supplier-Customer RaSTs 65
3.4.2 Group 2 (2 Risk Triggers/1 Risk Taker) of Buyer-Supplier-Customer RaSTs 65
3.4.3 Group 3 (1 Risk Trigger/2 Risk Takers) of Buyer-Supplier-Customer RaSTs 66
3.4.4 Further Instructions on the Application of the RaSTs 67
3.4.5 Justification of RaST Typology and an Illustrative Example of its Use 68
3.5 Conclusions and Future Research 70
Appendix A 71
References 71
4 Managing Reputational Risks in Supply Chains 74
Abstract 74
4.1 Introduction 74
4.2 Corporate Reputation 75
4.3 Reputational Risks 76
4.4 Reputation, Spillover and the Ripple Effect in the Supply Chain 77
4.4.1 Supply Chain Reputation 77
4.4.2 The Mechanics of Reputational Spillover and the Ripple Effect 78
4.4.3 The Tool to Detect and Capture Reputational Spillover 83
4.5 Reputational Risk Management 85
4.6 Corporate Social Responsibility in the Supply Chain 87
4.7 Discussion and Conclusions 89
References 90
5 Managing IT and Cyber Risks in Supply Chains 94
Abstract 94
5.1 IT Risks and Cyber Risks: Real Threats for All Supply Chains 94
5.2 How External Cyberspace and IT Tools Generate Risks 95
5.3 Managing IT and Cyber Risks in Supply Chains: A Practical Framework 96
5.4 Practical Evidence from a European Sample of Companies 98
5.5 Conclusions 102
References 103
6 Developing Supply Chain Risk Mitigation Strategies 106
Abstract 106
6.1 Introduction 106
6.2 Supply Chain Risks 107
6.2.1 Internal Risks 107
6.2.2 External Risks 108
6.3 Natural Disasters and Supply Chain Disruption 108
6.4 Developing Risk Mitigation Strategies 109
6.5 A Supply Chain Risk Management Software 110
Acknowledgements 111
References 112
Supply Chain Vulnerability and Disruptions Management 113
7 Analyzing Supply Chain Vulnerability Through Simulation 114
Abstract 114
7.1 Introduction 114
7.2 Literature Review 116
7.2.1 Supply Chain Vulnerability 116
7.2.2 Simulation of Supply Chain Vulnerability 117
7.3 Research Process 122
7.4 Vulnerability Simulation 123
7.4.1 Case Description 123
7.4.2 Disruptions in the Model 125
7.4.3 Results 126
7.5 Discussion and Conclusions 127
References 127
8 Supply Chain Disruptions Preparedness Measures Using a Dynamic Model 130
Abstract 130
8.1 Introduction 130
8.2 Literature Review 131
8.3 Supply Chain Model and Illustrative Example 132
8.3.1 The Model 132
8.3.2 No Disruptions 133
8.3.3 Supplier Disruption 135
8.3.4 Firm Disruption 136
8.3.5 Main Warehouse Disruption 136
8.3.6 Disruption Occurs in Different Periods 138
8.4 Unknown Disruption and Period 140
8.5 Discussions and Conclusions 142
References 143
9 A Quantitative Model for Analyzing Market Response During Supply Chain Disruptions 145
Abstract 145
9.1 Introduction 145
9.2 Literature Review 147
9.3 The Model 148
9.3.1 Model Framework 148
9.3.2 Calculating the Firm’s Post-impact Revenue 149
9.3.3 Production Capacity Considerations 151
9.4 Illustrative Example 152
9.4.1 Lost Revenue with Backorders 152
9.4.2 Lost Revenue Without Backorders 153
9.4.3 Customers with Varying Demand 154
9.4.4 Risk Management Insights 155
9.5 Conclusions 157
References 158
10 Supply Chain Risk Management in the Transmission and Amplification of Disruptions 160
Abstract 160
10.1 Introduction 160
10.2 The Phenomenon of the Transmission and Amplification of Disruptions in Supply Chains 161
10.3 The Concept of Risk Management in the Transmission and Amplification of Disruptions 163
10.3.1 Conceptual Framework of the Risk Management Concept 163
10.3.2 Formulation of the Goals of Risk Management 164
10.3.3 Identification of Potential and Actual Disruptions 166
10.3.4 Estimation of Disruptions 167
10.3.5 Evaluation of the Most Appropriate Approach to Deal with the Identified and Estimated Disruptions 169
10.3.6 Application of the Mitigating Strategy 170
10.4 Methodology 171
10.4.1 Sample and Measures 171
10.4.2 Partial Least Square (PLS) Path Model 171
10.5 Results 172
10.5.1 Outer Path Model 172
10.5.2 Inner Path Model 174
10.6 Discussion of the Results and Managerial Implications 178
10.6.1 Steps of Supply Chain Risk Management in the Transmission and Amplification of Disruptions 178
10.6.2 The Relationships Between the Subsequent Steps of Supply Chain Risk Management 180
Acknowledgements 181
References 181
11 Strategic Sourcing Under Supply Disruption Risk 184
Abstract 184
11.1 Introduction 184
11.2 Overview of PSO and GA 188
11.2.1 Particle Swarm Optimization (PSO) 188
11.2.2 Genetic Algorithm (GA) 189
11.3 Problem Description and Model Formulation 189
11.4 Proposed PSO 194
11.5 Illustrative Example 195
11.6 Results and Discussion 196
11.6.1 Comparison of PSO and GA Results 200
11.7 Conclusions 203
Acknowledgements 203
References 204
12 Design and Evaluation of Global Supply Chain Considering Disruption Risk 206
Abstract 206
12.1 Introduction 206
12.2 Literature Review 207
12.3 The Model 210
12.3.1 Model Design 210
12.3.2 Notations 210
12.3.3 Formulation 211
12.4 Numerical Experiments 213
12.4.1 Disruption Occurrence 213
12.4.2 Recovery from Disruption 213
12.4.3 Establishment of Parameters 213
12.5 Experimental Results and Observations 215
12.6 Conclusions 217
References 217
Toward a Resilient Supply Chain 218
13 Supply Chain Resiliency: A Review 219
Abstract 219
13.1 Introduction 219
13.2 Definition of Resiliency 220
13.2.1 Resiliency from a Supply Chain Perspective 220
13.2.2 Supply Chain Risk and Vulnerability 221
13.2.3 Supply Chain Resilience 222
13.3 Components of a Resilient Supply Chain 223
13.3.1 Supply Chain Flexibility 224
13.3.2 Supply Chain Velocity 224
13.3.3 Supply Chain Visibility 225
13.3.4 Supply Chain Collaboration 225
13.4 Building Supply Chain Resiliency (SCR) 226
13.4.1 Flexibility in Sourcing 227
13.4.2 Supply Chain Capacity 228
13.4.3 Supply Chain Efficiency 228
13.4.4 Supply Chain Visibility 229
13.4.5 Supply Chain Adaptability 229
13.4.6 Supply Chain Anticipation 230
13.4.7 Supply Chain Recovery 230
13.4.8 Supply Chain Dispersion 231
13.4.9 Supply Chain Collaboration 231
13.4.10 Supply Chain Organization 232
13.4.11 Supply Chain Market Position 233
13.4.12 Supply Chain Security 233
13.4.13 Supply Chain Financial Strength 233
13.5 Conclusions 235
Acknowledgements 235
References 235
14 The Role of Resiliency in Managing Supply Chains Disruptions 240
Abstract 240
14.1 Introduction 241
14.2 Definition and Characteristics of a Resilient Supply Chain 242
14.3 Building a Resilient Supply Chain to Combat Disruptions 245
14.3.1 Making the Supply Chain Flexible/Agile in Nature 247
14.3.2 Increasing the Redundancy of the Supply Chain 248
14.3.3 Increasing the Visibility of the Supply Chain 248
14.3.4 Effective Knowledge Management and Collaboration Among the Supply Chain Entities 249
14.3.5 Inventory Management and Control 249
14.3.6 Changing the Corporate Culture 250
14.4 Conclusions 251
References 252
15 Designing Resilience into Service Supply Chains: A Conceptual Methodology 255
Abstract 255
15.1 Introduction 255
15.2 Theoretical Foundations for the Methodology 256
15.3 Concepts and Definitions 257
15.4 A Methodology for Resilient Service Supply Chain Design 259
15.4.1 Overview of the Conceptual Methodology 259
15.4.2 Step 1: Operation and System Definition 260
15.4.3 Step 2: Failure Mode Investigation 262
15.4.4 Step 3: Design Action Proposal 263
15.4.5 Step 4: Design Action Evaluation 265
15.5 Summary 266
References 269
16 Resiliency in Supply Chain Systems: A Triadic Framework Using Family Resilience Model 271
Abstract 271
16.1 Introduction 271
16.2 Resilience, Systems Theory and Family Resilience Model 275
16.2.1 Parallels Between Families and Supply Chains? 276
16.2.2 Supply Chain Resilience—A Review 277
16.3 Family Resilience Model and Supply Chains 278
16.3.1 Inherent Resilience (System Strengths) 278
16.3.2 Anticipative Resilience (Preparatory Capabilities) 279
16.3.3 Adaptive Resilience (Adaptation and Coping) 280
16.4 Differentiating the Three Forms of Resilience and Significance of Adaptive Resilience 281
16.5 System Balance and Trade-off Among Forms of Resilience 284
16.6 Operating Context and System Boundaries 286
16.7 Discussion 286
16.8 Future Research 287
References 288
17 Cultivating Supply Chain Agility: Managerial Actions Derived from Established Antecedents 291
Abstract 291
17.1 Introduction 291
17.2 Literature Review and Updated Perspectives 292
17.3 Direct and Indirect Antecedents of Supply Chain Agility 295
17.3.1 Direct Antecedents 295
17.3.2 Indirect Antecedents: The Cultural Drivers 297
17.4 Managerial Actions Required for Enhancing Agility 299
17.4.1 Supply Chain Initiatives for Agility 303
17.4.1.1 Supply Chain Configuration Initiatives for Agility 303
17.4.1.2 Internal Integration 304
17.4.1.3 External Integration with Suppliers and Upstream Partners 305
17.4.1.4 External Integration for Customers and Downstream Partners 305
17.4.1.5 Cultivation of Mix, Volume and Other Types of Flexibility 306
17.4.1.6 Implementation of Lean Manufacturing 306
17.4.2 Cultural Initiatives for Agility 307
17.5 Conclusions 308
References 309
18 Assessing Supply Chain Resilience upon Critical Infrastructure Disruptions: A Multilevel Simulation Modelling Approach 312
Abstract 312
18.1 Introduction 313
18.2 Mutual Dependencies Between SC and CI Systems 314
18.2.1 Critical Infrastructure Disruption and Supply Chain Risk 314
18.2.2 Supply Chain Resilience 315
18.2.3 Review of Relevant SC Risk and CI Disruption Cases 315
18.3 Simulation Modelling Approaches in SCRM and CI 317
18.3.1 Simulation Modelling in SCRM 318
18.3.2 Modelling Approaches in CIP-R Literature 319
18.4 A Multilevel Modelling Approach 320
18.4.1 The First Level: Critical Infrastructure 321
18.4.2 The Second Level: Service and Resource Availability 322
18.4.3 The Third Level: KRSC Model 322
18.4.4 Multilevel Model Assumptions 322
18.5 Pilot Application: The Italian Fast Moving Consumer Goods Supply Chain 323
18.5.1 Resilience Strategies and Capacities 324
18.5.2 Data Specification and Collection 325
18.5.3 Simulation Plan 326
18.6 Results of Numerical Experiments 327
18.6.1 Reference Scenario (No Disruption) 327
18.6.2 Full Disruption (Worst Case) Scenarios 327
18.6.3 Disruption of CI with Different Levels of Resilience Capacity 327
18.7 Discussion 331
18.8 Conclusions 332
References 334

Produkt-Details

• Erscheint lt. Verlag: 24.7.2017
• Zusatzinfo: XI, 334 p. 86 illus., 50 illus. in color.
• Verlagsort: Singapore
• Sprache: englisch
• Themenwelt: Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Logistik / Produktion
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Wirtschaftsinformatik
• Schlagworte: Business Continuity Planning • Resilient Supply Chain • Risk Analysis in Supply Chain • Supply Chain Disruptions • Supply Chain Management • Supply Chain Risk Management
• ISBN-10: 981-10-4106-7 / 9811041067
• ISBN-13: 978-981-10-4106-8 / 9789811041068