Disruption/Risk Management in supply chains- a review
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This paper describes an integrated framework for handling disruptions in supply chains. The integrated framework incorporates two main perspectives on managing disruptions, namely pre- and ...
This paper describes an integrated framework for handling disruptions in supply chains. The integrated framework incorporates two main perspectives on managing disruptions, namely pre- and post-disruption perspectives, which are usually treated as separate in the existing frameworks. Next, the proposed integrated framework is used to review the literature in supply chain risk/disruption management. The review gives an overview of the key aspects and specific methods that can be used for each step in the framework. Based on the review, some main observations are also discussed. The first is that literature has not uniformly discussed different parts of the framework; pre-disruption steps, such as risk identification and risk treatment, have been explored extensively while post-disruption steps such as disruption detection and learning have been given far less attention. Secondly, there is a lack of quantitative (simulation and modeling) studies for handling supply chain disruptions. These two gaps, therefore, represent avenues for future research on supply chain risk/disruption management.
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