An Introduction to Supply Chain Risk Management: Definitions and Theories Perspective

Risk management has a long history among the academics and practitioners and it is a currently debated topic in the area of supply chain management. The topic derives its importance due to several industry trends currently in place: market globalizations, increase use of outsourcing, short product l...

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Bibliographic Details
Published in:Valahian journal of economic studies 2013-07, Vol.4 (3), p.57
Main Authors: Felea, Mihai, Albastroiu, Irina
Format: Article
Language:English
Subjects:
Cost control
Inventory
Lean manufacturing
Production capacity
Risk management
Strategic management
Studies
Suppliers
Supply chain management
Supply chains
Online Access:Get full text
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Summary:Risk management has a long history among the academics and practitioners and it is a currently debated topic in the area of supply chain management. The topic derives its importance due to several industry trends currently in place: market globalizations, increase use of outsourcing, short product lifecycle, unpredictable demand, uncertain supply and pressure for lean production. This article describe several models for managing supply chain risks and the choices for type of responses such as such as separation, transfer, weakening, avoidance and insurance.
ISSN:2067-9440
2067-9440