Juttner, U. (2005). Supply chain risk management: Understanding the business requirements from a practitioner perspective. International Journal of Logistics Management, 120-141.
The paper is dedicated to the study of business requirements for supply chain risk management (SCRM) presented specifically from the perspective of practitioner. Exploratory approach was used in the methodology and 137 managers were involved in it. Results of the qualitative focus groups research was also considered and used for the analysis. Certain questions were aimed at when collecting and analyzing the data: description of the current state of SCRM; the extent to which the risks in supply chain management are recognized; the perceived issues of SCRM realization. Discussion of the focus groups, as well as the results of surveys, showed the high importance level of the network effects of supply chain risk sources. It became also clear that these risks affect not only the partners in the supply chain, but also the whole network. The findings of the study also show a tendency to use less formalized tools and processes. The author couldn’t see the reason of this tendency, but assumed that it can be either lack of time commitment, or lack of understanding. The critical issues in the SCRM are the following: pressure group protest, terrorist damage, loss of site, fire, loss of IT, customer health and product safety, employee health and safety, loss of suppliers, and industrial action. The general conclusion of the article is that the effective practices of supply chain management are not very often used, although understood by the majority.
Larry C. Giunipero and Reham Aly Eltantawy. (2004). Securing the upstream supply chain: a risk management approach. International Journal of Physical Distribution & Logistics Management, 698-713.
The authors explore four situational factors, which are important in supply chain management: the supplier, the buyer, the environment surrounding the purchase, and the product bought. The factors are analyzed with consideration of the potential suppliers: product technology degree, security need, the supplier importance, the prior experience of the purchaser. On the basis of these factors, the authors develop four propositions: 1) low-tech markets require less extensive management of risk than high-tech ones with higher rate of technological changes; 2) suppliers providing items that have low security requirements need less extensive management of risk than the ones providing items with comparatively more security needs; 3) major suppliers of value, high volume, and/or critical products need more extensive management of risk than the ones supplying less critical or fewer items; 4) suppliers with whom purchasers have more experience need less extensive management of risk than with those there is no long purchasing history. Authors conclude with a figure displaying three recommended risk management strategies, moderated, limited and extensive and the way they relate to the dimensions and factors presented – security, technology, experience and importance.
I consider writing annotated bibliography to be a very interesting and useful assignment, as it allows people to save a lot of time when conducting serious researches. It is a perfect way to keep record of the analyzed literature and further conduct a valuable research.
Juttner, U. (2005). Supply chain risk management: Understanding the business requirements from a practitioner perspective. International Journal of Logistics Management, 16(1), 120-141.
Larry C. Giunipero and Reham Aly Eltantawy. (2004). Securing the upstream supply chain: a risk management approach. International Journal of Physical Distribution & Logistics Management, 34(9), 698-713.