logo

Managing Risks in Supply Chain Industry: Tools and Techniques

4 Pages687 Words446 Views
   

Added on  2019-09-13

About This Document

This research aims to analyse how firms are able to cope with the difficulties of managing potential risks caused by disruption in the supply chain industry by identifying, evaluating and mitigating them using appropriate tools and techniques. The research questions are to identify the types of risks, to understand the impact to firm’s performance as well as find out the most appropriate tools and techniques of managing the risks in the supply chain field in order to develop a conceptual model for organizations. The research will use qualitative research methods and secondary data collection method through using case study strategy and articles. The project planning is to be managed and finished within three month timescale.

Managing Risks in Supply Chain Industry: Tools and Techniques

   Added on 2019-09-13

ShareRelated Documents
University of ManchesterResearch MethodsExecutive Summary
Managing Risks in Supply Chain Industry: Tools and Techniques_1
Understanding risks in complex supply chain IntroductionIn the past decades supply chain industry have witnessed remarkable growth in global trade, with the aim to increase productivity, fulfil demands in emergent markets and lower cost. On the other hand, natural disasters, accidents, terrorist attacks and volatility of the financial market have caused enormous losses in supply chain and disruptions such as the ones experienced by Land Rover and Ericsson, have shown that the unexpected risk occurring at the one point of the supply chain can negatively affect other partners of the chain, when the process is not properly controlled (Tang, 2006). Thus, supply chains have become more uncertain and vulnerable as well as face new challenges of identifying, evaluating and responding to risks by restructuring the supply chain. Purpose of ResearchThe main purpose of this research is to analyse how firms are able to cope with the difficulties of managing potential risks caused by disruption in the supply chain industry by identifying, evaluating and mitigating them using appropriate tools and techniques. Thus, this research aims to address three research questions to identify the types of risks, to understand the impact to firm’s performance as well as find out the most appropriate tools and techniques of managing the risks in the supply chain field in order to develop a conceptual model for organizations. The research questions are as follows: RQ1: what type of risks does supply chain field may experience? RQ2: what is the impact to organization’s performance measures from experiencing risks?RQ3: what kind of tools and techniques can be used in order to identify and analyse possible risks? Research Methods & StrategyGenerally, there are two major types of research methods that can be utilised for the research and broadly known as ‘qualitative and quantitative’ methods (Saunders et., 2012). In relation to the nature of the work and research topic area the qualitative research methods was chosen in order to address the research questions and objectives respectively.Moreover, secondary data collection method will be used through using case study strategy and articles as the way of providing a clear picture of the research. Likewise, the research is intended to test and compare hypothesis that will be stated in the dissertation research andthus provide additional knowledge about the topic and allow readers to understand a basic concept of supply chain risk management. Furthermore, Saunders et al. (2012) outlined that there are two basic types of approaches that can used by researchers to design their work. These are inductive and deductive approaches. Concretely, current research topic will be emphasized on the inductive approach in order to develop further an existing theory and identify new framework of interesting aspects for this research field.
Managing Risks in Supply Chain Industry: Tools and Techniques_2

End of preview

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

Related Documents
Study of Supply Chain in Organization
|18
|3511
|264

Method of Data Collection - PDF
|6
|1381
|264

UGB009 – BUSINESS MANAGEMENT ASSIGNMENT
|11
|3552
|14

Role of Microfinance in Developing Small Medium Enterprise (SME) Business
|12
|2737
|102

Research Proposal and Ethical Forms
|15
|2801
|49

Importance of Ecommerce for Business during Covid 19 Pandemic: A Qualitative Analysis
|6
|1605
|212