Find An Article Or Paper Addressing Supply Chain Risk Manage
Find An Article Or Paper Addressing Supply Chain Risk Management And S
Find an article or paper addressing Supply Chain Risk Management and summarize it for your peers. Your summary should not be more than a paragraph (I will mark it down if it is unnecessarily long and wordy with grammatical errors or just copied from its source). Be certain to include your link (in APA style format). Review a couple of other learner posts as well and comment appropriately. The goal of this week is to inform you on Supply Chain Risk Management (SCRM). I recommend you look at Supply Chain Management Review online magazine. They have some good articles!
Paper For Above instruction
Supply Chain Risk Management (SCRM) is critical for organizations to ensure resilience and competitiveness in the face of disruptions. A recent article by Manuj and Mentzer (2008) emphasizes that SCRM involves identifying, assessing, and mitigating risks within the supply chain to prevent or minimize adverse impacts. The authors highlight that effective SCRM strategies include diversification of suppliers, real-time monitoring, and flexible logistics solutions, which collectively help organizations respond swiftly to disruptions such as natural disasters, geopolitical instability, or supplier failures. The article also discusses the importance of integrating risk management into overall supply chain planning and fostering collaboration among partners to enhance visibility and resilience. Implementing comprehensive SCRM practices can significantly improve an organization’s ability to withstand unforeseen events, reduce costs associated with disruptions, and maintain customer satisfaction. As supply chains become increasingly complex and interconnected, proactive risk management is vital for sustaining operational continuity and gaining a competitive advantage (Manuj & Mentzer, 2008). This insight underscores the necessity for businesses to prioritize SCRM as part of their strategic planning, especially in today’s volatile global environment.
References
Manuj, I., & Mentzer, J. T. (2008). Global Supply Chain Risk Management Strategies. International Journal of Physical Distribution & Logistics Management, 38(3), 192-223. https://doi.org/10.1108/09600030810866666