Evaluating Stress Testing for Supply Chains & Vulnerability Reduction

This report explores the concept of key vulnerabilities and challenges within the supply chain, focusing on how stress testing can counteract these critical issues. It identifies vulnerabilities in the retail industry's supply chain, evaluates areas lacking resilience, and analyzes existing stress tests to develop a robust system for understanding vulnerabilities. The research employs an interpretivism philosophy, inductive approach, and case study strategy, using qualitative methods and secondary data collection. Key findings include challenges in converting raw materials to final products, areas where supply chain resilience is lacking, and the impact of global events like the COVID-19 pandemic on supply chain practices. The report concludes that effective supply chain management is crucial for timely delivery of products and services, highlighting the importance of addressing vulnerabilities to ensure customer satisfaction and minimize disruptions.

Stress testing supply chains to counteract
critical vulnerabilities
Research

Table of content
*Introduction
*Background
*Methods
*Result
*Conclusion
*References

Introduction
Research aim
“To evaluate about the concept of the key vulnerability and challenges that tend to exist within the supply
chain along with determining the how the Stress testing supply chain tend to counteract critical
vulnerabilities”.
Research objective
* To evaluate key vulnerability and challenges that tend to exist within the supply chain of retail industry.
* To identify and evaluate areas where the resilience within in a specific set of supply chain is tend to
lacking and developing a beast practice within a specific chain (TBD).
* To identify and critically analysis the existing set of the stress tests for the supply chains developing a
robust system for understanding the vulnerabilities within existing supply chains.
* To analysis that how the Stress testing supply chain tend to counteract critical vulnerabilities.

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Research rationale
The reason behind for the selection of this research topic is to gain
information regarding change and vulnerabilities that are being faced within
the global supply chain (Pettit, Croxton and Fiksel, 2019). This information
provide better understanding and implication about its solution along with
the ways for minimising its vulnerabilities. The current research would also
supports and lead out the improvement in academic and educational career
of researcher. It also ensure enhancement in the skill and knowledge level.

Background
The concept of stress test has been used to determine
the current level of reliability along with the existing
stability of the web resource which includes
applications, websites and APIs. It has been analysed
that stress testing aims and focused in order to
identify the breaking point of websites or applications
under extremely high load in a certain period of time
and also known as endurance testing. From the over
to the past two decades, many complexification and
issues are been viewed within the global supply chain
that lean to become the norm.

Methods
* Research Philosophy- Interpretivism
philosophy
* Research approach- Inductive approach
* Research strategy- Case study strategy
* Research Choice- Qualitative method
* Data collection- Secondary data collection
method
* Ethics- BERA code of ethics, Data
Protection Act provision and maintaining
proper authenticity

Results
Theme 1: The key vulnerability and
challenges that tend to exist within the
supply chain
From the mentioned literature review, it
has been analysed that supply chain
involve all those activities that help in
converting the raw material into final
product. The main aim of the supply chain
management is deliver the final products
to the consumers in minimum time.
Illustration: Leading challenges
for retailers around their supply
chain in 2018
Source: (Statista.com, 2022)

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Theme 2: The areas where the resilience
within in a specific set of supply chain is
tend to lack and develop a beast practice
within a specific chain (TBD)
It has been discussed that the resilience in
supply chain required the measure in time for
receiving future outcomes more better.
Reliability of the supply chain can be measured
through the reliability of individuals (Zhao,
2020). Figure: Performance
indicators for supply chain
resilience
Source: (Springer.com,

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Theme 3 : The existing set of the stress sets
for the supply chains developing a robust
system for understanding the vulnerabilities
within existing supply chains
It has been analysed that the supply chain is
considered as most important practice which
includes resources, individuals as well as
many other activities that are required to create
final product for addressing the needs and
requirement of the consumer significantly.
Figure: Issues of supply chain
management
Source: (Statista.com, 2018)

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Theme 4: How the stress testing supply
chain tend to counteract critical
vulnerabilities
It has been outlined that the supply chain
management is an important practice that
help company to convert their raw material
into final products. In the current time, it has
been analysed that the global pandemic has
been disrupted the supply chain practices in
drastic manner.
Figure: Triggers of global
supply chain
Source: (weforum.org, 2020)

Conclusion
From above collected and analysed information, it has been
concluded that the proper supply chain management is important for
the companies for delivering their final products and service to
customers in time. There are many challenges and vulnerabilities
involve within supply chain management that create problem for
the company to supply their products and service to the customer on
time.

References
* Pettit, T.J., Croxton, K.L. and Fiksel, J., 2019. The evolution of resilience in supply chain
management: a retrospective on ensuring supply chain resilience. Journal of Business
Logistics, 40(1), pp.56-65.
* Ivanov, D., 2021. Supply chain viability and the COVID-19 pandemic: a conceptual and formal
generalisation of four major adaptation strategies. International Journal of Production
Research, 59(12), pp.3535-3552.
* Mani, Z. and Chouk, I., 2018. Consumer resistance to innovation in services: challenges and
barriers in the internet of things era. Journal of Product Innovation Management, 35(5), pp.780-
807.
* Zhao, S. ed., 2020. China’s New Global Strategy: The Belt and Road Initiative (BRI) and Asian
Infrastructure Investment Bank (AIIB), Volume I. Routledge.