Supply chain risk management and performance: a guiding framework for future development

Journal article


Ritchie, Bob and Brindley, Clare 2007. Supply chain risk management and performance: a guiding framework for future development. International Journal of Operations & Production Management. https://doi.org/10.1108/01443570710725563
AuthorsRitchie, Bob and Brindley, Clare
Abstract

Purpose The purpose of this paper is to examine the constructs underpinning risk management and explores its application in the supply chain context through the development of a framework. The constructs of performance and risk are matched together to provide new perspectives for researchers and practitioners. Design/methodology/approach The conceptual and empirical work in the supply chain management field and other related fields is employed to develop a conceptual framework of supply chain risk management (SCRM). Risk in the supply chain is explored in terms of risk/performance sources, drivers, consequences and management responses, including initial approaches to categorization within these. Two empirical cases are used to illustrate the application of the framework. Findings A new framework is presented that helps to integrate the dimensions of risk and performance in supply chains and provide a categorisation of risk drivers. Research limitations/implications SCRM is at an early stage of evolution. The paper provides a clarification of the dimensions and constructs within this field together with directions for future research and development. Practical implications The focus on performance in terms of efficiency and effectiveness linked to risk drivers and risk management responses provides insights to managing and measuring risk in supply chains. Originality/value The paper consolidates the work in an emerging strand of supply chain management. Two key challenges facing the research community are addressed, the ability to prescribe strategies to address particular risk drivers and the interaction of risk management and performance.

Purpose
The purpose of this paper is to examine the constructs underpinning risk management and explores its application in the supply chain context through the development of a framework. The constructs of performance and risk are matched together to provide new perspectives for researchers and practitioners.

Design/methodology/approach
The conceptual and empirical work in the supply chain management field and other related fields is employed to develop a conceptual framework of supply chain risk management (SCRM). Risk in the supply chain is explored in terms of risk/performance sources, drivers, consequences and management responses, including initial approaches to categorization within these. Two empirical cases are used to illustrate the application of the framework.

Findings
A new framework is presented that helps to integrate the dimensions of risk and performance in supply chains and provide a categorisation of risk drivers.

Research limitations/implications
SCRM is at an early stage of evolution. The paper provides a clarification of the dimensions and constructs within this field together with directions for future research and development.

Practical implications
The focus on performance in terms of efficiency and effectiveness linked to risk drivers and risk management responses provides insights to managing and measuring risk in supply chains.

Originality/value
The paper consolidates the work in an emerging strand of supply chain management. Two key challenges facing the research community are addressed, the ability to prescribe strategies to address particular risk drivers and the interaction of risk management and performance.

KeywordsSupply chain management; Risk management; Partnership; Performance measures
Year2007
JournalInternational Journal of Operations & Production Management
PublisherEmerald Group Publishing Limited
ISSN1443577
Digital Object Identifier (DOI)https://doi.org/10.1108/01443570710725563
Web address (URL)http://hdl.handle.net/10545/621310
hdl:10545/621310
Publication dates2007
Publication process dates
Deposited31 Jan 2017, 16:55
ContributorsNottingham Trent University
License

� Emerald Group Publishing Limited 2007

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