Understanding the Detrimental Impacts of Risks on Interconnected Supply Chains
Understanding the detrimental impacts of risks on interconnected supply chains
Shubham Bansal (154) Vinod Sarma T (190) Vishnu Sudhakaran (191) Saurav Kumar (212)
NITIE IM-19 Section - C Group 4
Contents
Introduction ............................................................................................................................................ 3 Global Supply Chain Risks ....................................................................................................................... 3 Risks in Global Sourcing .......................................................................................................................... 4 Risk Mitigation ........................................................................................................................................ 5 Critical Success Factors ........................................................................................................................... 7 Conclusion ............................................................................................................................................... 8
Introduction
Recently, supply chain management theory and practices are receiving a great deal of attention as effective tools for dealing with challenges that are generated by competitive and dynamic markets. Current business trends such as the increased use of outsourcing, the globalization of supply chains and the reduction in the supply base lead to greater exposure to risks. Other potential risks include a more integrated process among supply chain members, a reduction in buffer inventories, an increasing demand for on-time delivery within more limited time frames, shorter product life cycles and time-to-market, as well as capacity limitation and relatively high demand in the early stages of the product life cycle (Norrman and Jansson 2004). In recent years, the structure of supply chains has become more complex due to the growing levels of risk and
Shubham Bansal (154) Vinod Sarma T (190) Vishnu Sudhakaran (191) Saurav Kumar (212)
NITIE IM-19 Section - C Group 4
Contents
Introduction ............................................................................................................................................ 3 Global Supply Chain Risks ....................................................................................................................... 3 Risks in Global Sourcing .......................................................................................................................... 4 Risk Mitigation ........................................................................................................................................ 5 Critical Success Factors ........................................................................................................................... 7 Conclusion ............................................................................................................................................... 8
Introduction
Recently, supply chain management theory and practices are receiving a great deal of attention as effective tools for dealing with challenges that are generated by competitive and dynamic markets. Current business trends such as the increased use of outsourcing, the globalization of supply chains and the reduction in the supply base lead to greater exposure to risks. Other potential risks include a more integrated process among supply chain members, a reduction in buffer inventories, an increasing demand for on-time delivery within more limited time frames, shorter product life cycles and time-to-market, as well as capacity limitation and relatively high demand in the early stages of the product life cycle (Norrman and Jansson 2004). In recent years, the structure of supply chains has become more complex due to the growing levels of risk and
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