Supply Chain Risk Management Plan - 1299 Words

Uta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. â€Å"Supply chain risk management is the process of identifying, assessing and controlling threats to an organization s capital and earnings that are caused by the organization s Supply Chain. Companies with supply chain risk management plans in place typically place a chief risk office(CRO) in charge of overseeing the effectiveness of the organization s supply chain management strategy. An effective plan reduces supply chain risk whenever possible and anticipates how the organization could swiftly respond to supply chain disruptions. Supply chain risk management plans should address the many different†¦show more content†¦The issues of Supply chain risk management are derived and structured along three conceptual levels of â€Å"philosophy†,† principles† and â€Å"processes†. The methodology used in the paper is rather still on its conceptual level. The assumptions made in the paper are based on the research that was followed by statistical review of 8 companies that they researched to actualize their assumptions. The paper will be critically evaluated on the basis of methodology, research methods, findings and analysis and the data used to statistically prove the findings. This is a perspective based journal article which revolves around the understanding of business requirements. The journal article basically formulates the research with mixed method research, which means the author has used both qualitative and quantitative research methods to conclude its findings. The findings show a survey to back the assumptions of the author, but still the concept is in vague understanding leaving the researcher difficult to analyze. The paper has an integrated approach to SCRM which could still create research and have further findings on this vast topic. â€Å"Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.† The literature review used in this paper is focused on supply chain management and risk management though the business side of the