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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