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Risk Assessment in Managing the Blood Supply Chain

In: Next Generation Supply Chains: Trends and Opportunities. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 18

Author

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  • Jittamai, Phongchai
  • Boonyanusith, Wijai

Abstract

Blood supply chain system involves blood collection, processing, inventory management, and distribution in the network. Blood has its unique characteristics that make its supply chain to be more complex and dynamic than the traditional one. Most research in the blood supply chain management focuses on logistics and practices in operation. However, there is a lack in the study of risk management in this aspect. Supply Chain Risk Management is a new paradigm in the blood supply chain, which can be explored further to manage risks in the complex and dynamic supply and demand networks. A hierarchy based model of supply chain risks was applied as a conceptual research framework to classify risks into four sub-chains; namely, physical, financial, informational, and relational sub-chains. Empirical data were collected by group brainstorming with experts and practitioners as well as by information audits in order to identify risks in the blood supply chain context. Risk assessment was conducted based on two angles, the likelihood of occurrences and the consequences. A summary risk score was calculated for each risk to analyze the values of the risk. Results of risk assessment were presented in a risk matrix to represent the impact of risks in the blood supply chain. This evaluation supports practitioners to prioritize issues in the blood logistics management in order to identify risk management strategies. The contribution of this research is discussed in order to arrive at an innovative and more effective approach to cope with risks and uncertainties in the blood supply chain management.

Suggested Citation

  • Jittamai, Phongchai & Boonyanusith, Wijai, 2014. "Risk Assessment in Managing the Blood Supply Chain," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Next Generation Supply Chains: Trends and Opportunities. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 18, volume 18, pages 447-468, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    • Handle: RePEc:zbw:hiclch:209219
    DOI: 10.15480/882.1188
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    References listed on IDEAS

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    Cited by:

    1. Twumasi, Clement & Twumasi, Juliet, 2022. "Machine learning algorithms for forecasting and backcasting blood demand data with missing values and outliers: A study of Tema General Hospital of Ghana," International Journal of Forecasting, Elsevier, vol. 38(3), pages 1258-1277.

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