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Risk Factor Management: a Mechanism of Supporting Supply Chain Resilience

Author

Listed:
  • Anđelković Aleksandra

    (University of Niš, Faculty of Economics, Serbia)

  • Barac Nada

    (University of Niš, Faculty of Economics, Serbia)

  • Milovanović Goran

    (University of Niš, Faculty of Economics, Serbia)

Abstract

Supply chain assumes a unique business process without inter-company boundaries. Each supply chain partner is important for achievement of customer requirements. On the one hand, supply chain is an inexhaustible source of competitive advantage, created by the companies, which constitute it. However, on the other hand, due to its complexness, supply chain is an easy target of numerous factors, which jeopardize its competitiveness. Some of those factors are: turbulence, deliberate threats, external pressures, resource limits, sensitivity, and supplier/customer disruptions. Successful dealing with those factors assumes establishment of mechanisms for increasing supply chain resilience. Many researches indicate that some factors have greater influence on supply chain disruption and discontinuance. If those factors can be isolated, it will be easier to manage them or to avoid their influence. Therefore, the objective of the research presented in this paper is identification of the most frequent causes of supply chain disturbances, as a first step for developing supply chain resilience. According to the research results, the authors suggest what should be a primary focus of supply chain management, dealing with issues of resilience. Also, the authors indicate which characteristics (capability factors) supply chains have to have in order to be considered resistant.

Suggested Citation

  • Anđelković Aleksandra & Barac Nada & Milovanović Goran, 2014. "Risk Factor Management: a Mechanism of Supporting Supply Chain Resilience," Economic Themes, Sciendo, vol. 52(1), pages 81-98, March.
    • Handle: RePEc:vrs:ecothe:v:52:y:2015:i:1:p:81-98:n:6
    DOI: 10.1515/ethemes-2014-0006
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    References listed on IDEAS

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    1. Reham A Eltantawy, 2011. "Supply Management Governance Role in Supply Chain Risk Management and Sustainability," Chapters, in: Sanda Renko (ed.), Supply Chain Management - New Perspectives, IntechOpen.
    2. Dong, Li & Glaister, Keith W., 2006. "Motives and partner selection criteria in international strategic alliances: Perspectives of Chinese firms," International Business Review, Elsevier, vol. 15(6), pages 577-600, December.
    3. G. Tomas M. Hult & David J. Ketchen & Mathias Arrfelt, 2007. "Strategic supply chain management: Improving performance through a culture of competitiveness and knowledge development," Strategic Management Journal, Wiley Blackwell, vol. 28(10), pages 1035-1052, October.
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