Managing Risks in Next Generation Supply Chains: A Systems Approach

Posted: 22 May 2011

See all articles by Abhijeet Ghadge

Abhijeet Ghadge

Cranfield University - School of Management

Samir Dani

Loughborough University - Business School

Roy Kalawsky

Loughborough University - Research School of Systems Engineering

Date Written: July 6, 2010

Abstract

Supply chain risk management follows three basic processes to manage supply chain risks: Identify, Assess and Mitigate. This paper considers a systems perspective towards managing these risks. It presents variables that may affect Next Generation Supply Chains and applies a System dynamics modelling approach (Oehmen, et. al. 2009) towards depicting the causal linkages of these variables with future supply disruptions. To understand the interdependencies within these factors and the risk propagation on account of these factors it was decided to adopt a systems perspective. This perspective is based upon application of a causal loop diagram which considers the interdependencies between the factors affecting next-generation supply chains. The causal linkages between the variables are then highlighted with regards to the supply chain process and the nodes, and the causes of future risks are identified.

Keywords: Supply Chain Risk Management, System Dynamics Modelling

Suggested Citation

Ghadge, Abhijeet and Dani, Samir and Kalawsky, Roy, Managing Risks in Next Generation Supply Chains: A Systems Approach (July 6, 2010). Available at SSRN: https://ssrn.com/abstract=1844887

Abhijeet Ghadge (Contact Author)

Cranfield University - School of Management ( email )

Bedfordshire, MK43 0AL
United Kingdom

Samir Dani

Loughborough University - Business School ( email )

Ashby Road
Loughborough
Nottingham NG1 4BU, LE11 3TU
Great Britain

Roy Kalawsky

Loughborough University - Research School of Systems Engineering ( email )

Ashby Road
Loughborough
Loughborough, LE11 3TU
Great Britain

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