Strategic Sourcing: Approaches for Managing Supply Chain Risk

This book offers a methodology for analyzing supply chain vulnerabilities and determining strategic sourcing approaches to manage risk and ensure supply chain resilience, addressing the detrimental effects of supply chain risk on firms. It provides insights into strategic sourcing and risk management for attaining resilience and is relevant to researchers in supply chain management, sourcing, and procurement.

Format: Hardback
Length: 106 pages
Publication date: 05 March 2024
Publisher: Springer International Publishing AG

Supply chain risk is a significant concern for firms, impacting their ability to meet customer requirements, increase costs, pay employee overtime, expedite orders, financial losses, and tarnish firm reputation. However, there are approaches organizations can implement for identifying, assessing, and managing risk in order to foster resiliency. This book provides a methodology, grounded in prior research, for analyzing supply chain vulnerabilities and determining appropriate strategic sourcing approaches firms can adopt for managing risk and ensuring supply chain resilience.

Supply chain risk affects firms in a multitude of ways. The detrimental results of failing to manage supply chain risk include disruptions that lead to the inability of firms to meet customer requirements, increased costs due to holding excessive inventory, paying employee overtime and expediting orders, financial losses due to increases in commodity prices and unfavorable exchange rates, and tarnishing firm reputation due to poor performance. Although supply chain risk can detrimentally affect firms in many ways, there are approaches organizations can implement for identifying, assessing, and managing risk in order to foster resiliency.

This work focuses on strategic sourcing approaches for identifying, assessing and managing supply chain risk. It provides readers with insight into strategic sourcing and risk management approaches for managing supply chain risk and attaining resilience and will appeal to researchers in supply chain management, sourcing, and procurement.

Dimension: 210 x 148 (mm)
ISBN-13: 9783031525919