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A Literature Survey On Risk Management In Supply Chains

Author

Listed:
  • Ivana Dvorski Lackovic

    (University Center Varazdin, Faculty of Organization and Informatics)

  • Marijana Bubanic

    (University Center Varazdin, Faculty of Organization and Informatics)

  • Vladimir Kovsca

    (University Center Varazdin, Faculty of Organization and Informatics)

Abstract

Adequate functioning of the supply chain is one of the key prerequisites for successful functioning of business activities within contemporary organizations. Globalisation of business activities, related to advances in information technology and its effects on the supply chain activities, may lead to increased risk in any part of the supply chain, especially in terms of the company not being able to optimize its supply chain activities. Failures or inadequacies in any part of the supply chain may result in significant financial or reputational loss for the company. It is therefore crucial for companies to manage its supply chain risks properly. The aims of this paper are: (1) to present a comprehensive overview of literature related to supply chain risk management, based on which aspects of risk management and advances in this area that may be related to supply chain will be evaluated and (2) to give suggestions for improvement and future research in the analysed area. Special accentuation is put on holistic view on risk management in the company, having on mind that this view leads to optimization of risks and adding value to the company.

Suggested Citation

  • Ivana Dvorski Lackovic & Marijana Bubanic & Vladimir Kovsca, 2018. "A Literature Survey On Risk Management In Supply Chains," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 18, pages 551-564.
    • Handle: RePEc:osi:bulimm:v:18:y:2018:p:551-564
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    References listed on IDEAS

    as
    1. Surya Prakash & Gunjan Soni & Ajay Pal Singh Rathore, 2017. "A critical analysis of supply chain risk management content: a structured literature review," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 14(1), pages 69-90, February.
    2. GROTSCH, Volker M. & BLOME, Constantin & SCHLEPER, Martin C., 2013. "Antecedents of proactive supply chain risk management - a contingency theory perspective," LIDAM Reprints CORE 2490, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. William Ho & Tian Zheng & Hakan Yildiz & Srinivas Talluri, 2015. "Supply chain risk management: a literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 53(16), pages 5031-5069, August.
    4. Faisal Aqlan & Sarah S. Lam, 2015. "Supply chain risk modelling and mitigation," International Journal of Production Research, Taylor & Francis Journals, vol. 53(18), pages 5640-5656, September.
    5. Goh, Mark & Lim, Joseph Y.S. & Meng, Fanwen, 2007. "A stochastic model for risk management in global supply chain networks," European Journal of Operational Research, Elsevier, vol. 182(1), pages 164-173, October.
    6. Saurabh Ambulkar & Jennifer V. Blackhurst & David E. Cantor, 2016. "Supply chain risk mitigation competency: an individual-level knowledge-based perspective," International Journal of Production Research, Taylor & Francis Journals, vol. 54(5), pages 1398-1411, March.
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