Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14365/1866
Title: Approaches to managing global sourcing risk
Authors: Christopher, Martin
Mena, Carlos
Khan, Omera
Yurt, Oznur
Keywords: Globalization
Risk management
Risk analysis
Prospect-Theory
Management
Offshore
Design
Publisher: Emerald Group Publishing Ltd
Abstract: Purpose - Global sourcing can bring many benefits to organisations, but it can also expose them to a number of risks. The purpose of this study is to understand how managers assess global sourcing risks across the entire supply chain and what actions they take to mitigate those risks. Design/methodology/approach - A multiple case study approach was used, involving 15 cases in seven different industries. Each case consisted of interviews with manager; directly involved in the global sourcing decision, supported by documentary evidence. A cross-case analysis was conducted to analyse patterns across different industries. Findings - The study revealed that most companies do not have a structured supply chain risk management and mitigation system. Nevertheless they do use a number of informal approaches to cope with risk. The paper proposes that a multidisciplinary approach is required when dealing with global sourcing risks. It presents a classification of risks covering four categories: supply risk, process and control risks, environmental and sustainability risks, and demand risks. Originality/value - The paper addresses a research gap concerning managers' approaches to assessing and mitigating supply chain risk in a global context. In this context, this study proposes a new categorisation for global sourcing risks and offers a characterisation of global sourcing risk mitigation strategies applicable to different industries.
URI: https://doi.org/10.1108/13598541111115338
https://hdl.handle.net/20.500.14365/1866
ISSN: 1359-8546
1758-6852
Appears in Collections:Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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