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Articles

The strategies of supply chain risk management – a synthesis and classification

Pages 604-629 | Received 28 Mar 2015, Accepted 31 Jan 2016, Published online: 04 May 2016

References

Articles included in the systematic literature review

  • Agrawal, V., and S. Sheshadri. 2000. “Risk Intermediation in Supply Chains.” IIE Transactions 32 (9): 819–831.
  • Agrell, P. J., R. Lindroth, and A. Norrman. 2004. “Risk, Information and Incentives in Telecom Supply Chains.” International Journal of Production Economics 90 (1): 1–16. doi: 10.1016/S0925-5273(02)00471-1
  • Ambulkar, S., J. Blackhurst, and S. Grawe. 2015. “Firm's Resilience to Supply Chain Disruptions: Scale Development and Empirical Examination.” Journal of Operations Management 33–34: 111–122. doi: 10.1016/j.jom.2014.11.002
  • Bandaly, D., A. Satir, and L. Shanker. 2014. “Integrated Supply Chain Risk Management via Operational Methods and Financial Instruments.” International Journal of Production Research 52 (7): 2007–2025. doi: 10.1080/00207543.2013.844376
  • Barry, J. 2004. “Supply Chain Risk in an Uncertain Global Supply Chain Environment.” International Journal of Physical Distribution & Logistics Management 34 (9): 695–697. doi: 10.1108/09600030410567469
  • Bode, C., S. M. Wagner, K. J. Petersen, and L. M. Ellram. 2011. “Understanding Responses to Supply Chain Disruptions: Insights From Information Processing and Resource Dependency Perspectives.” Academy of Management Journal 54 (4): 833–856. doi: 10.5465/AMJ.2011.64870145
  • Bogataj, D., and M. Bogataj. 2007. “Measuring the Supply Chain Risk and Vulnerability in Frequency Space.” International Journal of Production Economics 108 (1–2): 291–301. doi: 10.1016/j.ijpe.2006.12.017
  • Braunscheidel, M. J., and N. C. Suresh. 2009. “The Organizational Antecedents of a Firm's Supply Chain Agility for Risk Mitigation and Response.” Journal of Operations Management 27 (2): 119–140. doi: 10.1016/j.jom.2008.09.006
  • Cavinato, J. L. 2004. “Supply Chain Logistics Risks: From the Back Room to the Board Room.” International Journal of Physical Distribution and Logistics Management 34 (5): 383–387. doi: 10.1108/09600030410545427
  • Chen, J., A. S. Sohal, and D. I. Prajogo. 2013. “Supply Chain Operational Risk Mitigation: A Collaborative Approach.” International Journal of Production Research 51 (7): 2186–2199. doi: 10.1080/00207543.2012.727490
  • Cheng, S. K., and B. H. Kam. 2008. “A Conceptual Framework for Analysing Risk in Supply Networks.” Journal of Enterprise Information Management 22 (4): 345–359.
  • Choi, T. Y., and D. R. Krause. 2006. “The Supply Base and its Complexity: Implications for Transaction Costs, Risks, Responsiveness, and Innovation.” Journal of Operations Management 24 (5): 637–652. doi: 10.1016/j.jom.2005.07.002
  • Chopra, S., and M. Sodhi. 2004. “Managing Risk to Avoid Supply Chain Breakdown.” MIT Sloan Management Review 46 (3): 53–61.
  • Christopher, M., and M. Holweg. 2011. ““Supply Chain 2.0”: Managing Supply Chains in the Era of Turbulence.” International Journal of Physical Distribution & Logistics Management 41 (1): 63–82. doi: 10.1108/09600031111101439
  • Christopher, M., and H. Lee. 2004. “Mitigating Supply Chain Risk Through Improved Confidence.” International Journal of Physical Distribution & Logistics Management 34 (5): 388–396. doi: 10.1108/09600030410545436
  • Ellis, S. C., R. M. Henry, and J. Shockley. 2010. “Buyer Perceptions of Supply Disruption Risk: A Behavioral View and Empirical Assessment.” Journal of Operations Management 28 (1): 34–46. doi: 10.1016/j.jom.2009.07.002
  • Faisal, M. N., D. K. Banwet, and R. Shankar. 2006. “Supply Chain Risk Mitigation: Modeling the Enablers.” Business Process Management Journal 12 (4): 535–552. doi: 10.1108/14637150610678113
  • Finch, P. 2004. “Supply Chain Risk Management.” Supply Chain Management: An International Journal 9 (2): 183–196. doi: 10.1108/13598540410527079
  • Giunipero, L. C., and R. A. Eltantawy. 2004. “Securing the Upstream Supply Chain: A Risk Management Approach.” International Journal of Physical Distribution & Logistics Management 34 (9): 698–713. doi: 10.1108/09600030410567478
  • Goh, M., J. Lim, and F. Meng. 2007. “A Stochastic Model for Risk Management in Global Supply Chain Networks.” European Journal of Operational Research 182 (1): 64–173. doi: 10.1016/j.ejor.2006.08.028
  • Grötsch, V. M., C. Blome, and M. C. Schleper. 2013. “Antecedents of Proactive Supply Chain Risk Management – A Contingency Theory Perspective.” International Journal of Production Research 51 (10): 2842–2867. doi: 10.1080/00207543.2012.746796
  • Hallikas, J., I. Karvonen, U. Pulkkinen, V.-M. Virolainen, and M. Tuominen. 2004. “Risk Management Process in Supplier Networks.” International Journal of Production Economics 90 (1): 47–58. doi: 10.1016/j.ijpe.2004.02.007
  • Harland, C., R. Brenchley, and H. Walker. 2003. “Risk in Supply Networks.” Journal of Purchasing and Supply Management 9 (2): 51–62. doi: 10.1016/S1478-4092(03)00004-9
  • Heckmann, I., T. Comes, and S. Nickel. 2015. “A Critical Review on Supply Chain Risk – Definition, Measure and Modeling.” Omega 52: 119–132. doi: 10.1016/j.omega.2014.10.004
  • Hendricks, K. B., and V. R. Singhal. 2005. “An Empirical Analysis of the Effect of Supply Chain Disruptions on Long-run Stock Price Performance and Equity Risk of the Firm.” Production and Operations Management 14 (1): 35–52. doi: 10.1111/j.1937-5956.2005.tb00008.x
  • Hoffmann, P., H. Schiele, and K. Krabbendam. 2013. “Uncertainty, Supply Risk Management and Their Impact on Performance.” Journal of Purchasing and Supply Management 19 (3): 199–211. doi: 10.1016/j.pursup.2013.06.002
  • Johnson, M. E. 2001. “Learning From Toys: Lessons in Managing Supply Chain Risk From the Toy Industry.” California Management Review 43 (3): 106–124. doi: 10.2307/41166091
  • Jüttner, U., H. Peck, and M. Christopher. 2003. “Supply Chain Risk Management: Outlining an Agenda for Future Research.” International Journal of Logistics Research and Applications 6 (4): 197–210. doi: 10.1080/13675560310001627016
  • Khan, O., M. Christopher, and B. Burbes. 2008. “The Impact of Product Design on Supply Chain Risk: A Case Study.” International Journal of Physical Distribution &Logistics Management 38 (5): 412–432. doi: 10.1108/09600030810882834
  • Kleindorfer, P. R., and G. H. Saad. 2005. “Managing Disruption Risks in Supply Chains.” Production and Operations Management 14 (1): 53–68. doi: 10.1111/j.1937-5956.2005.tb00009.x
  • Knemeyer, A. M., W. Zinn, and C. Eroglu. 2009. “Proactive Planning for Catastrophic Events in Supply Chains.” Journal of Operations Management 27 (2): 141–153. doi: 10.1016/j.jom.2008.06.002
  • Lai, G., L. G. Debo, and K. Sycara. 2009. “Sharing Inventory Risk in Supply Chain: The Implication of Financial Constraint.” Omega 37 (4): 811–825. doi: 10.1016/j.omega.2008.06.003
  • Lavastre, O., A. Gunasekaran, and A. Spalanzani. 2012. “Supply Chain Risk Management in French Companies.” Decision Support Systems 52 (4): 828–838. doi: 10.1016/j.dss.2011.11.017
  • Li, G., H. Fan, P. K. C. Lee, and T. C. E. Cheng, 2015. “Joint Supply Chain Risk Management: An Agency and Collaboration Perspective.” International Journal of Production Economics 164: 83–94. doi: 10.1016/j.ijpe.2015.02.021
  • Lockamy, A.III and K. McCormack. 2010. “Analysing Risks in Supply Networks to Facilitate Outsourcing Decisions.” International Journal of Production Research 48 (2): 593–611. doi: 10.1080/00207540903175152
  • Manuj, I., T. L. Esper, and T. S. Stank. 2014. “Supply Chain Risk Management Approaches Under Different Conditions of Risk.” Journal of Business Logistics 35 (3): 241–258. doi: 10.1111/jbl.12051
  • Manuj, I., and J. T. Mentzer. 2008a. “Global Supply Chain Risk Management.” Journal of Business Logistics 29 (1): 133–155. doi: 10.1002/j.2158-1592.2008.tb00072.x
  • Manuj, I., and J. T. Mentzer. 2008b. “Global Supply Chain Risk Management Strategies.” International Journal of Physical Distribution & Logistics Management 38 (3): 192–223. doi: 10.1108/09600030810866986
  • Marley, K. A., P. T. Ward, and J. A. Hill. 2014. “Mitigating Supply Chain Disruptions – A Normal Accident Perspective.” Supply Chain Management: An International Journal 19 (2): 142–152. doi: 10.1108/SCM-03-2013-0083
  • Neiger, D., K. Rotaru, and L. Churilov. 2009. “Supply Chain Risk Identification with Value-Focused Process Engineering.” Journal of Operations Management 27 (2): 154–168. doi: 10.1016/j.jom.2007.11.003
  • Nooraie, S. V., and M. M. Parast. 2015. “A Multi-Objective Approach to Supply Chain Risk Management: Integrating Visibility with Supply and Demand Risk.” International Journal of Production Economics 161: 192–200. doi: 10.1016/j.ijpe.2014.12.024
  • Norrman, A., and U. Jansson. 2004. “Ericsson's Proactive Supply Chain Risk Management Approach After a Serious Sub-Supplier Accident.” International Journal of Physical Distribution & Logistics Management 34 (5): 434–456. doi: 10.1108/09600030410545463
  • Punniyamoorthy, M., N. Thamaraiselvan, and L. Manikandan. 2013. “Assessment of Supply Chain Risk: Scale Development and Validation.” Benchmarking: An International Journal 20 (1): 79–105. doi: 10.1108/14635771311299506
  • Rajesh, R., and V. Ravi. 2015. “Modeling Enablers of Supply Chain Risk Mitigation in Electronic Supply Chains: A Grey-DEMATEL Approach.” Computers & Industrial Engineering 87: 126–139. doi: 10.1016/j.cie.2015.04.028
  • Rajesh, R., V. Ravi, and R. V. Rao. 2015. “Selection of Risk Mitigation Strategy in Electronic Supply Chains Using Grey Theory and Digraph-Matrix Approaches.” International Journal of Production Research 53 (1): 238–257. doi: 10.1080/00207543.2014.948579
  • Ritchie, B., and C. Brindley. 2007a. “Supply Chain Risk Management and Performance: A Guiding Framework for Future Development.” International Journal of Operations & Production Management 27 (3): 303–322. doi: 10.1108/01443570710725563
  • Ritchie, B., and C. Brindley. 2007b. “An Emergent Framework for Supply Chain Risk Management and Performance Measurement.” Journal of the Operational Research Society 58 (11): 1398–1411. doi: 10.1057/palgrave.jors.2602412
  • Schmitt, A. J., and M. Singh. 2012. “A Quantitative Analysis of Disruption Risk in a Multi-Echelon Supply Chain.” International Journal of Production Economics 139 (1): 22–32. doi: 10.1016/j.ijpe.2012.01.004
  • Schöenherr, T., V. M. R. Tummala, and T. P. Harrison. 2008. “Assessing Supply Chain Risks with the Analytic Hierarchy Process: Providing Decision Support for the Offshoring Decision by a US Manufacturing Company.” Journal of Purchasing and Supply Management 14 (2): 100–111. doi: 10.1016/j.pursup.2008.01.008
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  • Skipper, J. B., and J. B. Hanna. 2009. “Minimizing Supply Chain Disruption Risk Through Enhanced Flexibility.” International Journal of Physical Distribution and Logistics Management 39 (5): 404–427. doi: 10.1108/09600030910973742
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  • Speier, C., J. M. Whipple, D. J. Closs, and M. D. Voss. 2011. “Global Supply Chain Design Considerations: Mitigating Product Safety and Security Risks.” Journal of Operations Management 29 (7–8): 721–736. doi: 10.1016/j.jom.2011.06.003
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  • Talluri, S., T. J. Kull, H. Yildiz, and J. Yoon. 2013. “Assessing the Efficiency of Risk Mitigation Strategies in Supply Chains.” Journal of Business Logistics 34 (4): 253–269. doi: 10.1111/jbl.12025
  • Tang, C. S. 2006a. “Perspectives in Supply Chain Risk Management.” International Journal of Production Economics 103 (2): 451–488. doi: 10.1016/j.ijpe.2005.12.006
  • Tang, C. S. 2006b. “Robust Strategies for Mitigating Supply Chain Disruptions.” International Journal of Logistics: Research and Applications 9 (1): 33–45. doi: 10.1080/13675560500405584
  • Tang, O., and S. N. Musa. 2011. “Identifying Risk Issues and Research Advancements in Supply Chain Risk Management.” International Journal of Production Economics 133 (1): 25–34. doi: 10.1016/j.ijpe.2010.06.013
  • Tang, C. S., and B. Tomlin. 2008. “The Power of Flexibility for Mitigating Supply Chain Risks.” International Journal of Production Economics 116 (1): 12–27. doi: 10.1016/j.ijpe.2008.07.008
  • Thun, J.-H., and D. Hoenig. 2011. “An Empirical Analysis of Supply Chain Risk Management in the German Automotive Industry.” International Journal of Production Economics 131 (1): 242–249. doi: 10.1016/j.ijpe.2009.10.010
  • Tomlin, B. 2006. “On the Value of Mitigation and Contingency Strategies for Managing Supply Chain Disruption Risks.” Management Science 52 (5): 639–657. doi: 10.1287/mnsc.1060.0515
  • Trkman, P., and K. McCormack. 2009. “Supply Chain Risk in Turbulent Environments – A Conceptual Model for Managing Supply Chain Network Risk.” International Journal of Production Economics 119 (2): 247–258. doi: 10.1016/j.ijpe.2009.03.002
  • Tummala, R., and T. Schöenherr. 2011. “Assessing and Managing Risks Using the Supply Chain Risk Management Process (SCRMP).” Supply Chain Management: An International Journal 16 (6): 474–483. doi: 10.1108/13598541111171165
  • Vilko, J. P. P., and J. M. Hallikas. 2012. “Risk Assessment in Multimodal Supply Chains.” International Journal of Production Economics 140 (2): 586–595. doi: 10.1016/j.ijpe.2011.09.010
  • Wagner, S. M., and C. Bode. 2008. “An Empirical Investigation of Supply Chain Performance Along Several Dimensions of Risk.” Journal of Business Logistics 29 (1): 307–325. doi: 10.1002/j.2158-1592.2008.tb00081.x
  • Wakolbinger, T., and J. M. Cruz. 2011. “Supply Chain Disruption Risk Management Through Strategic Information Acquisition and Sharing and Risk-Sharing Contracts.” International Journal of Production Research 49 (13): 4063–4084. doi: 10.1080/00207543.2010.501550
  • Wever, M., P. M. Wognum, J. H. Trienekens, and S. W. F. Omta. 2012. “Supply Chain-Wide Consequences of Transaction Risks and Their Contractual Solutions: Towards an Extended Transaction Cost Economics Framework.” Journal of Supply Chain Management 48 (1): 73–91. doi: 10.1111/j.1745-493X.2011.03253.x
  • Wieland, A. 2013. “Selecting the Right Supply Chain Based on Risks.” Journal of Manufacturing Technology Management 24 (5): 652–668. doi: 10.1108/17410381311327954
  • Wieland, A., and C. M. Wallenburg. 2012. “Dealing with Supply Chain Risks: Linking Risk Management Practices and Strategies to Performance.” International Journal of Physical Distribution and Logistics Management 42 (10): 887–905. doi: 10.1108/09600031211281411
  • Wilson, M. C. 2007. “The Impact of Transportation Disruptions on Supply Chain Performance.” Transportation Research Part E: Logistics and Transportation Review 43 (4): 295–320. doi: 10.1016/j.tre.2005.09.008
  • Yang, B., and Y. Yang. 2010. “Postponement in Supply Chain Risk Management: A Complexity Perspective.” International Journal of Production Research 48 (7): 1901–1912. doi: 10.1080/00207540902791850
  • Yu, H., A. Z. Zeng, and L. Zhao. 2009. “Single or Dual Sourcing: Decision-Making in the Presence of Supply Chain Disruption Risks.” Omega 37 (4): 788–800. doi: 10.1016/j.omega.2008.05.006
  • Zhao, L., B. Huo, L. Sun, and X. Zhao. 2013. “The Impact of Supply Chain Risk on Supply Chain Integration and Company Performance: A Global Investigation.” Supply Chain Management: An International Journal 18 (2): 115–131. doi: 10.1108/13598541311318773
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  • Zsisdin, G. A., L. M. Ellram, J. R. Carter, and J. L. Cavinato. 2004. “An Analysis of Supply Risk Assessment Techniques.” International Journal of Physical Distribution & Logistics Management 34 (5): 397–413. doi: 10.1108/09600030410545445
  • Zsidisin, G. A., and S. M. Wagner. 2010. “Do Perceptions Become Reality? The Moderating Role of Supply Risk Resiliency on Disruption Occurrence.” Journal of Business Logistics 31 (2): 1–20. doi: 10.1002/j.2158-1592.2010.tb00140.x

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