Work

Approaches to Supply Chain Risk Management: Identification, Analysis and Control

Year: 2012
Type: dissertation
Abstract: Supply chain risk management has emerged as an increasingly important issue in logistics as \ndisruptions in the supply chain have become critical issues for many companies. The scientific \nliterature on the subject is developing and in many respects the understanding of it is still in its \ninfancy. Thus, there is a need for more information in order for scholars and practitioners to \nunderstand the causalities and interrelations that characterise the phenomenon. The aim of this \ndissertation is to narrow this gap by exploring key aspects of supply chain risk management \nthrough two maritime supply chains in the immediate region of the Gulf of Finland. \nThe study contributes to the field in three different ways. Firstly, it facilitates the identification \nof risks on different levels of the supply chain through a systematic analysis of the processes \nand actors, and of the cognitive barriers that limit the actors’ visibility and their understanding \nof the operations and the risks involved. There is a clear need to increase collaboration and \ninformation exchange in order to improve visibility in the chain. Risk management should be a \ncollaborative effort among the individual actors, aimed at obtaining a holistic picture. Secondly, \nthe study contributes to the literature on risk analysis through the use of systemic frameworks \nthat illustrate the causalities and linkages in the system, thereby making it easier to perceive the \nvulnerabilities. Thirdly, the study enhances current knowledge of risk control in identifying \nactor roles, risk visibility and risk controllability as being among the key factors determining \nrisk-management effectiveness against supply-chain vulnerability. \nThis dissertation is divided into two parts. The first part gives a general overview of the relevant \nliterature, the research design and the conclusions of the study, and the second part comprises \nsix research publications. Case-study methodology with systematic combining approach is used, \nwhere in-depth interviews, questionnaires and expert panel sessions are the main data collection \nmethods. The study illustrates the current state of risk management in multimodal maritime \nsupply chains, and develops frameworks for further analysis. The results imply that there are \nmajor differences between organizations in their ability to execute supply chain risk \nmanagement. Further collaboration should be considered in order to facilitate the development \nof systematic and effective management processes.
Author: Vilko, Jyri
Language: English
Open Access status: green
OpenAlex ID: W104757936
Cites: 210
Cited by: 26
Related to: 10