logo

Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain

   

Added on  2023-06-10

11 Pages3571 Words66 Views
 | 
 | 
 | 
Running head: SUPPLY CHAIN MANAGEMENT
Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain
Name of the Student:
Name of the University:
Author Note:
Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain_1

1
SUPPLY CHAIN MANAGEMENT
Table of Contents
1.0 Introduction..............................................................................................................................................2
1.1 Research Background..............................................................................................................................2
1.2 Research Aim...........................................................................................................................................2
1.3 Research Objectives.................................................................................................................................2
1.4 Structure of the Research.........................................................................................................................3
2. Literature Review.......................................................................................................................................3
2.1 Concept of Risk........................................................................................................................................3
2.2 Probable Risks on Military Supply Chain Management..........................................................................4
2.2.1 Types of Risks in the Military Supply Chain Management..................................................................4
2.3 Strategies to reduce the risks....................................................................................................................6
2.4 Gap in the literature.................................................................................................................................7
3.1 Planning...................................................................................................................................................7
3.2 Timeline...................................................................................................................................................7
References......................................................................................................................................................9
Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain_2

2
SUPPLY CHAIN MANAGEMENT
1.0 Introduction
Militaries have been trying to develop the commercial best practices to the way of doing
businesses. The commercial industries sometimes seek the effective tactics that can mitigate the emerging
risks in the military supply chain management. According to Hugos (2018), the military leaders have been
prioritizing the resilient logistics and supply chain management process to ensure success on the
battlefield. It is in fact noticed that the Military logistics is much expensive. The report is thus focusing on
identifying the probable risks associated with the inputs into the military supply chain management. The
development of the literature study will be exploring the conceptual and theoretical knowledge about the
associated risks encountered in the military supply chain management. The study will also recognize the
strategies to reduce these identified risks. In addition to this, the report will present a detailed plan for the
remainder of the project.
1.1 Research Background
Military Supply Chain and Logistics process is quite expensive. It requires the appropriate
planning. Risks occur at any moment and create the uncertainties. According to Humphries (2013),
military logistics is quite inseparable from the combat. Moving forces to hotspots, bringing the militaries
home, and providing them necessary facilities are essentially needed to be taken into account. Hence, it is
important to prepare the assessment plan and identifying the risks. However, in some situations, the risks
are quite unpredictable. The militants are unaware the exact location of the attacks. Therefore, they
sometimes fail to calculate the risk severity (Glas, Hofmann and Eßig 2013). However, the systematic
approach undertaken for reducing the risks. The appropriate strategies are needed to be identified for
achieving the purpose in such context.
1.2 Research Aim
The aim of the research is to develop the set of strategies that can reduce the risks encountered in
the inputs of military supply chain management.
1.3 Research Objectives
To explore the conceptual ideas of the risk in the military logistics and supply chain management
To critically assess the preferable strategies that can minimize the risks associated in this process
To identify the challenges encountered in developing the risk minimization strategies in the
military logistics and supply chain management
To present the suitable recommendations for overcoming the challenges
Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain_3

3
SUPPLY CHAIN MANAGEMENT
1.4 Structure of the Research
The research structure is as followed:
Introduction: This chapter will introduce the background of the research as well as state the aims
and objectives.
Literature Review: The chapter explores conceptual and theoretical underpinning related to the
subject matter.
Research Methodology: The chapter provides the systematic process of conducting the entire
research study.
2. Literature Review
The recent trends in the military logistics process ensues the requirements of the smaller training
in the supply chain management. Kırılmaz and Erol (2017) pointed out that the effective logistics and
supply chain management in the military field require maintaining flexibility for meeting the needs. It has
been observed that the military logistics and supply chain process involves the cargo drivers and the
heavy equipments due to which the process is quite expensive. The literature study will thus identify the
conceptual analysis of the risks in a specific manner. The information obtained from this analysis will be
aligned to the risks encountered in the military logistics process. The strategies for reducing such
emerging risks will also be highlighted in this literature study.
2.1 Concept of Risk
According to Bichou (2015), risk is often defined as the emerging uncertainty regarding any
specific loss. Many scholars have defined the risks in different ways. Christopher (2016) explained that
risk is generally conceptualized as the unwanted event, which may or may not occur. It is defined that the
severity of the probable risks can be measured by judging the weighted average of the outcomes or
consequences. Therefore, during the risk assessment process, the managers need to make the decisions by
measuring the total risks against the total benefits. When the organisation encounters the emerging risks
within any practices, it is essential to identify the suitable method of mitigating or reducing it. Mangan,
Lalwani and Lalwani (2016) suggested that the emerging risks are needed to be communicated properly
for understanding the severity. It also generates the sense of reliability among the stakeholders in time of
crisis. Therefore, it can be stated that the risk identification is the primary phase of reducing the severity
of the risks. The risks encountered in the military supply chain management have the clear impact on the
military practices. It is thus necessary for the personnel to develop the clear approach that can reduce the
Strategies for use in the reduction of supplier risk: Inputs into the Military Supply Chain_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Risk and Resilience in Food Supply Chains: A Conceptual Analysis
|11
|3821
|290

Importance of Customer Satisfaction in Food Delivery Business
|50
|13039
|491

The impact of the logistics management in customer satisfaction PDF
|49
|10765
|83

Strategies for Managing Liquidity Risks in UK Banking Sector: A Study on Barclays Plc
|16
|4780
|89

Outsourcing in Construction Industry
|16
|3698
|72

Effectiveness of Logistic Management in Small Construction Sites
|15
|3741
|457