Supply risk mitigation: A multi-theoretical perspective

Research output: Contribution to journalArticleResearchpeer-review

11 Citations (Scopus)

Abstract

Due to the increasing level of supply risk, it is imperative to obtain a better understanding of the nature of risk which is a premise to developing well-grounded risk mitigation strategies. This paper examines how to mitigate supply risk enlightened by discussing the concept of risk in association of three closely related concepts which are uncertainty, variability and trust. The proposed three perspectives are supported and explained using four case studies comprising of two manufacturers based in Australia and four suppliers based in China. The study provides evidence that supply risk can be mitigated by high level of information and knowledge sharing as well as building trust, commitment and goal congruence in a buyer–supplier relationship. It offers theoretical and managerial implications.
Original languageEnglish
Pages (from-to)853-863
Number of pages11
JournalProduction Planning & Control
Volume27
Issue number10
DOIs
Publication statusPublished - 2016

Keywords

  • risk
  • supply risk mitigation
  • case studies

Cite this

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title = "Supply risk mitigation: A multi-theoretical perspective",
abstract = "Due to the increasing level of supply risk, it is imperative to obtain a better understanding of the nature of risk which is a premise to developing well-grounded risk mitigation strategies. This paper examines how to mitigate supply risk enlightened by discussing the concept of risk in association of three closely related concepts which are uncertainty, variability and trust. The proposed three perspectives are supported and explained using four case studies comprising of two manufacturers based in Australia and four suppliers based in China. The study provides evidence that supply risk can be mitigated by high level of information and knowledge sharing as well as building trust, commitment and goal congruence in a buyer–supplier relationship. It offers theoretical and managerial implications.",
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author = "Jie Chen and Sohal, {Amrik Singh} and Prajogo, {Daniel Indarto}",
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Supply risk mitigation : A multi-theoretical perspective. / Chen, Jie; Sohal, Amrik Singh; Prajogo, Daniel Indarto.

In: Production Planning & Control, Vol. 27, No. 10, 2016, p. 853-863.

Research output: Contribution to journalArticleResearchpeer-review

TY - JOUR

T1 - Supply risk mitigation

T2 - A multi-theoretical perspective

AU - Chen, Jie

AU - Sohal, Amrik Singh

AU - Prajogo, Daniel Indarto

PY - 2016

Y1 - 2016

N2 - Due to the increasing level of supply risk, it is imperative to obtain a better understanding of the nature of risk which is a premise to developing well-grounded risk mitigation strategies. This paper examines how to mitigate supply risk enlightened by discussing the concept of risk in association of three closely related concepts which are uncertainty, variability and trust. The proposed three perspectives are supported and explained using four case studies comprising of two manufacturers based in Australia and four suppliers based in China. The study provides evidence that supply risk can be mitigated by high level of information and knowledge sharing as well as building trust, commitment and goal congruence in a buyer–supplier relationship. It offers theoretical and managerial implications.

AB - Due to the increasing level of supply risk, it is imperative to obtain a better understanding of the nature of risk which is a premise to developing well-grounded risk mitigation strategies. This paper examines how to mitigate supply risk enlightened by discussing the concept of risk in association of three closely related concepts which are uncertainty, variability and trust. The proposed three perspectives are supported and explained using four case studies comprising of two manufacturers based in Australia and four suppliers based in China. The study provides evidence that supply risk can be mitigated by high level of information and knowledge sharing as well as building trust, commitment and goal congruence in a buyer–supplier relationship. It offers theoretical and managerial implications.

KW - risk

KW - supply risk mitigation

KW - case studies

U2 - 10.1080/09537287.2016.1147620

DO - 10.1080/09537287.2016.1147620

M3 - Article

VL - 27

SP - 853

EP - 863

JO - Production Planning & Control

JF - Production Planning & Control

SN - 0953-7287

IS - 10

ER -