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Can Projects on Blockchain Reduce Risks in Supply Chain Management?: An Oil Company Case Study

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  • Anil Kumar Vishnubhotla
  • Rupesh Kumar Pati
  • Sidhartha S. Padhi

Abstract

Increase in competition and the strategic move of enhanced outsourcing has made supply chain more complex. Various applications and software solutions are available to better manage this complexity. It has been observed that often such initiatives may not provide the excepted benefits. It has also been reported that an unclear understanding of business needs (including perceived risks) is the main reason of supply chain failure. The present study attempts to capture enterprise level supply chain risk in an oil company (case company) in India and explore if perception of a decision maker favours use of blockchain technology project to reduce the supply chain risk. The study adopts the following methodology: in-depth semi-structured interviews and structured survey was carried out with the top management of the case company to identify various enterprise level risks for supply chain management (SCM) projects which were subsequently clustered under Operations, Finance, Human Resources, and Strategic Business Risk categories. Inputs on the probability of occurrence and impacts of the identified risks on the enterprise-wide supply chain was mapped on the risk severity matrix (heat map) to prioritize the risks. Subsequently, the second round of questionnaire was developed and a similar survey carried out again with the same sample show the change in risk perception due to potential application of blockchain technology. Interesting insights could be gained from the practitioner’s perspective on the value contribution of using blockchain for improving management of SCM risks. It could be observed that a number of the high priority risk (in the initial scenario) could now be eliminated or managed due to specific characteristics of blockchain.. One of the major limitations of the present study is the lack of generalizability of the insights as it is based exclusively on the perspective of the case company towards the blockchain.

Suggested Citation

  • Anil Kumar Vishnubhotla & Rupesh Kumar Pati & Sidhartha S. Padhi, 2020. "Can Projects on Blockchain Reduce Risks in Supply Chain Management?: An Oil Company Case Study," IIM Kozhikode Society & Management Review, , vol. 9(2), pages 189-201, July.
    • Handle: RePEc:sae:iimkoz:v:9:y:2020:i:2:p:189-201
    DOI: 10.1177/2277975220913370
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    References listed on IDEAS

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    1. Hallikas, Jukka & Karvonen, Iris & Pulkkinen, Urho & Virolainen, Veli-Matti & Tuominen, Markku, 2004. "Risk management processes in supplier networks," International Journal of Production Economics, Elsevier, vol. 90(1), pages 47-58, July.
    2. Silvestre, Bruno S., 2015. "Sustainable supply chain management in emerging economies: Environmental turbulence, institutional voids and sustainability trajectories," International Journal of Production Economics, Elsevier, vol. 167(C), pages 156-169.
    3. Angela Cristina Marqui & Karina Sacilotto De Moura & Rosane Lucia Chicarelli Alcântara, 2013. "Collaborative supply chain: a conceptual model for operationalisation," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 12(3), pages 195-214.
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    Cited by:

    1. Yi Wang & Yafei Yang & Zhaoxiang Qin & Yefei Yang & Jun Li, 2023. "A Literature Review on the Application of Digital Technology in Achieving Green Supply Chain Management," Sustainability, MDPI, vol. 15(11), pages 1-18, May.
    2. Yunfei Yang & Guifei Qu & Lianlian Hua & Lifeng Wu, 2022. "Knowledge Mapping Visualization Analysis of Research on Blockchain in Management and Economics," Sustainability, MDPI, vol. 14(22), pages 1-24, November.

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