Managing risk in small and medium enterprises (SMEs) supply chains' using quality function deployment (QFD) approach
Author | Faisal, Mohd Nishat |
Available date | 2023-05-03T05:36:23Z |
Publication Date | 2015 |
Publication Name | Transportation Systems and Engineering: Concepts, Methodologies, Tools, and Applications |
Resource | Scopus |
Abstract | Supply chain risk management (SCRM) is the process of risk mitigation in supply chains achieved through collaboration, coordination and application of risk management tools among the partners, to ensure continuity coupled with long-term profitability of the supply chain. Supply chain risks emanate from multiple sources and similarly risk mitigation in supply chains is dependent on several variables. The most difficult part of supply chain risk management is prioritizing risks and an understanding of the relationships among various types of risks and risk mitigation variables. Drawing from the standard framework, in this research a modified house of quality is developed to understand the relationships between various supply chain risks and risk mitigation variables. It helps to prioritize various risks and understand the current status of the supply chain and the deficient areas with regard to risk mitigation capabilities. The structured QFD process provides the supply chain managers a conceptual map that enables the improvement of planning and control of various risks that could impact a supply chain. 2015, IGI Global. All rights reserved. |
Language | en |
Publisher | IGI Global |
Subject | Quality function deployment Supply chain management Supply chains Planning and control Quality function deployments (QFD) Several variables Small and medium enterprise Standard frameworks Supply chain risk Supply chain risk management Supply chain risk management (SCRM) Risk management |
Type | Book chapter |
Pagination | 1469-1489 |
Volume Number | 3-Mar |
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Management & Marketing [716 items ]