This article considers the design of robust supply chains from the viewpoint of exception handling. Disruptions of the supply chain happen all the time. Smaller disruptions like quality issues are part of the daily business; but a look at the recent ten years shows that large disruptions, happen more often as well (think of terrorist attacks or earthquakes). “Thus, exception management is an important issue in global supply chain networks.”
Even though supply chain risk has been analyzed in the literature for some time (eg. the Newsvendor / Newsboy problem, with the only uncertainty being demand). Nevertheless there are still many gaps (or opportunities) within this field.
In 2007 Khan and Burnes created a research agenda for the future and most of the topics covered still can be viewed as open.
Major Issues
The authors identify two major shortcomings of the current literature.
1) Locate itself within the wider literature on the theory of risk and the practice of risk management
Submitted by Daniel Dumke on Sun, 2010-05-09 11:51
Paper
Cranfield Systematic Review
Year:
2010
My professor gave me the hint to look for a systematic literature review approach which has been used at Cranfield University in the UK. Actually I found the description of a methodology to be used for a “systematic review”, that can be quite useful.
Sometimes I am really amazed by the research topics of others. Even though I already read much about simulation and its potential benefits, up to now I have never seen a analysis of supply chain simulation performance on a larger sample. So I would like to share those insights here.
Today I review an article called “18 Ways to Guard Against Disruption”. It was published in the Supply Chain Management Review in 2005 by Elkins et al.
This week is dedicated to the works on supply chain management from Greek supply chain researchers. Today’s article has been published in the Journal of Management Sciences (Omega) by four researchers from northern Greece and the UK.
Aviation and steering a company can be viewed as somehow alike. At least this is the starting point for the article by Srinivas (2009) reviewed today.
Aviation Analogy
But unlike companies a pilot has some advantages: a clear starting point, a given destination, he knows on which path to get there, he knows anytime if he is off course and he also knows how to get back on track.
Submitted by Daniel Dumke on Wed, 2011-02-23 10:35
Paper
Supply Chain Risk Management: Outlining an Agenda for Future Research
Year:
2003
I just stumbled upon one of the articles I already read about a year ago, shortly after I started my research. Beside indication of a future research agenda (see as well here), Jüttner et al. (2003) also explain some fundamental concepts of supply chain risk management.
The CSCMP’s Supply Chain Quarterly just published their first issue for 2010. One of the articles deals with the rising interest in reducing working capital using the example of Kraft Foods.
As well as other companies Kraft already had prior cash flow initiatives, where they analyzed their WC positions: payables, receivables, inventory, and capital expenditures.
