Innovative Supply Risk Management

Abstract

This research identifies the risk screening activities needed to identify supply risks early, to prevent risks from negatively affecting the buying organization and to ad- dress those risks as they occur. They are analyzed for environmental, financial, operational and strategic supply risks. We found twenty-four variables that serve as the cornerstone of a successful supply risk management system. Also, we found that the mere identification of risks does not contribute directly to supply risk management performance; whereas risk monitoring and risk mitigation significantly increase supply risk management performance. With this research we contribute to the development of a more holistic supply risk management system, while practically filling-in the different stages of supply risk management. Future research should focus especially on the development of risk monitoring strategies in supply risk management.