Title: Introducing a process for radical supply chain risk management

Authors: Jacobus D. Nel; Horst Simon

Addresses: Business Division, Abu Dhabi Men's College (Higher Colleges of Technology), Abu Dhabi, United Arab Emirates ' Risk Culture Builder & Director: Risk at Strong Advice, P.O. Box 22950, Windhoek, 10005, Namibia

Abstract: Today's competitive environment is becoming more hostile than ever and amidst more stringent customer demands, supply chains are competing against each other in ever-increasing volatile environments. As levels of customisation increase, the need for supply chain agility and flexibility across the entire supply chain also increases while pressures to be more efficient are never relaxed. Firms have become more dependent on external supply chain partners as each supply chain member focuses on its own core competencies. These increasing supply chain risks can thus be linked to the internal supply chain and most certainly also to the external market and macro environments of the supply chain. Therefore, supply chain risks need to be managed across the entire supply chain. Many traditional risk management models exist. However, very few of these models focus on the importance of a risk management culture within the firm. This article highlights the importance for firms of having a risk management culture embedded into their risk management strategy by introducing a radical supply chain risk management process to manage risks across the supply chain.

Keywords: supply chain risk management; SCRM; risk management; risk management culture; radical supply chain risk management.

DOI: 10.1504/IJBPM.2020.106120

International Journal of Business Performance Management, 2020 Vol.21 No.1/2, pp.149 - 165

Received: 02 Jul 2019
Accepted: 17 Sep 2019
Published online: 30 Mar 2020 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article