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Supply chain risk management in SMEs: analysing the barriers

Author

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  • Mohd Nishat Faisal
  • D.K. Banwet
  • Ravi Shankar

Abstract

The purpose of this paper is to identify barriers to risk management in supply chains of Small and Medium-sized Enterprises (SMEs) and to understand their mutual relationships. Interpretive Structural Modelling (ISM) was applied to present a hierarchy-based model and the contextual relationships among these barriers. The research shows that there exists a group of barriers that have high driving power and low dependence and are of strategic importance. The proposed model provides a useful tool for SME supply chain managers to focus on those variables that are most important for effective risk management in supply chains.

Suggested Citation

  • Mohd Nishat Faisal & D.K. Banwet & Ravi Shankar, 2007. "Supply chain risk management in SMEs: analysing the barriers," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 4(5), pages 588-607.
    • Handle: RePEc:ids:ijmede:v:4:y:2007:i:5:p:588-607
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    Citations

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    Cited by:

    1. Venkatesh, V.G. & Rathi, Snehal & Patwa, Sriyans, 2015. "Analysis on supply chain risks in Indian apparel retail chains and proposal of risk prioritization model using Interpretive structural modeling," Journal of Retailing and Consumer Services, Elsevier, vol. 26(C), pages 153-167.
    2. Abhijeet Digalwar & Rakesh D. Raut & Vinay S. Yadav & Balkrishna Narkhede & Bhaskar B. Gardas & Ashwini Gotmare, 2020. "Evaluation of critical constructs for measurement of sustainable supply chain practices in lean‐agile firms of Indian origin: A hybrid ISM‐ANP approach," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1575-1596, March.
    3. Ferreira de Araújo Lima, Priscila & Crema, Maria & Verbano, Chiara, 2020. "Risk management in SMEs: A systematic literature review and future directions," European Management Journal, Elsevier, vol. 38(1), pages 78-94.
    4. Rupesh Kumar & Rajat Agrawal & Vinay Sharma, 2013. "e-Applications in Indian Agri-Food Supply Chain: Relationship among Enablers," Global Business Review, International Management Institute, vol. 14(4), pages 711-727, December.
    5. Ali Sibevei & Pardis Roozkhosh, 2024. "Prioritizing Barriers to Resilience in Blood Supply Chains: An Integrated Multi-Criteria Decision-Making Approach," SN Operations Research Forum, Springer, vol. 5(2), pages 1-37, June.
    6. Aquib Irteza Reshad & Tasnia Biswas & Renu Agarwal & Sanjoy Kumar Paul & Abdullahil Azeem, 2023. "Evaluating barriers and strategies to sustainable supply chain risk management in the context of an emerging economy," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4315-4334, November.

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