A review of supply chain risk management: definition, theory, and research agenda
By Yiyi Fan, Mark Stevenson. 2018
427 citations recorded by the source corpus.
Purpose The purpose of this paper is to review the extant literature on supply chain risk management (SCRM, including risk identification, assessment, treatment, and monitoring), developing a comprehensive definition and conceptual framework; to evaluate prior theory use; and to identify future research directions. Design/methodology/approach A systematic literature review of 354 articles (published 2000-2016) based on descriptive, thematic, and content analysis. Findings There has been a considerable focus on identifying risk types and proposing risk mitigation strategies. Research has emphasised organisational responses to supply chain risks and made only limited use of theory. Ten key future research directions are identified. Research limitations/implications A broad, contemporary understanding of SCRM is provided; and a new, comprehensive definition is presented covering the process, pathway, and objectives of SCRM, leading to a conceptual framework. The research agenda guides future work towards maturation of the discipline. Practical implications Managers are encouraged to adopt a holistic approach to SCRM. Guidance is provided on how to select appropriate risk treatment actions according to the probability and impact of a risk. Originality/value The first review to consider theory use in SCRM research and to use four SCRM stages to structure the review.
Subfields: Management Information Systems, Radiological and Ultrasound Technology, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/fe8bcde7e0b1ff912240c43993f73586f0dce739
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In Management Information Systems
In Radiological and Ultrasound Technology
In Strategy and Management
Citations in the corpus
- Improving supply chain resilience through industry 4.0: A systematic literature review under the impressions of the COVID-19 pandemic (2021, positive): “Consistent with earlier SLRs in supply chain management (SCM) (Fan & Stevenson, 2018; Hohenstein et al., 2014, 2015), four criteria were applied to guarantee a structured and systematic approach for identifying relevant studies: time horizon, database selection, journal selection, and keyword…”