Development of futuristic supply chain risk management pilot strategies for achieving loss reduction in manufacturing organisations

Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the delivery of final products, there are inevitable losses occurring due to major time delays in supply chain activities. H...

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Bibliographic Details
Published in:World journal of entrepreneurship, management and sustainable development management and sustainable development, 2011-03, Vol.6 (1/2), p.39-51
Main Authors: Elangovan, D, Sundararaj, G, Devadasan, S R, Karuppuswamy, P
Format: Article
Language:English
Subjects:
Customers
Engineering schools
Information sharing
Investigations
Linear programming
Literature reviews
Manufacturing
Mechanical engineering
Raw materials
Risk management
Strategic planning
Studies
Supply chain management
Supply chains
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Summary:Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the delivery of final products, there are inevitable losses occurring due to major time delays in supply chain activities. Hence it is essential to study, understand and track these major time delays by developing futuristic supply chain risk management strategies. This paper reports a research which was conducted to meet this requirement. During this research, major time delays were investigated by conducting a questionnaire supported interview based survey in 15 manufacturing organisations. On analysing the responses, pilot strategies for achieving loss reduction have been proposed. The paper is concluded by pointed out the necessity for developing dynamic models for achieving loss reduction and continuous improvement.
ISSN:2042-5961
2042-597X
DOI:10.1108/20425961201000004