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Supply chain risk management – II: A review of operational, financial and integrated approaches

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Abstract

This article is a sequel to Bandaly et al (2012). Structured around the supply chain risk management (SCRM) typology and framework presented in the aforementioned article, this article provides a review on individual operational and financial risk management approaches reported in the literature. Avoidance, prevention and mitigation approaches reported are also summarized in tabular format for the four risk domains covered (internal operations, external stakeholders, marketplace and environment). The tables match the reviewed risk management approaches to various risks recognized in the literature and assign responsibilities to functional areas. The risks are clustered under different sources. Distinctions between operational and financial approaches are highlighted. A review of studies integrating both approaches is then presented. Areas for future research in SCRM are argued.

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Authors and Affiliations

  1. Department of Decision Sciences and MIS, John Molson School of Business, Concordia University, 1455 de Maisonneuve Blvd. West, Montreal, H3G 1M8, Quebec, Canada

    Dia Bandaly & Ahmet Satir

  2. Department of Finance, John Molson School of Business, Concordia University, 1455 de Maisonneuve Blvd. West, Montreal, H3G 1M8, Quebec, Canada

    Latha Shanker

  3. McGill University, Center for Continuing Education, Montreal, Quebec, Canada

    Yasemin Kahyaoglu

Authors
  1. Dia Bandaly
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  2. Latha Shanker
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  3. Yasemin Kahyaoglu
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  4. Ahmet Satir
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Correspondence to Ahmet Satir.

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Bandaly, D., Shanker, L., Kahyaoglu, Y. et al. Supply chain risk management – II: A review of operational, financial and integrated approaches. Risk Manag 15, 1–31 (2013). https://doi.org/10.1057/rm.2012.8

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