A General Framework for Building Resilient Global Supply Chains
Author | Al-Khatib, Maryam |
Author | Kharbeche, Mohamed |
Author | Haouari, Mohamed |
Available date | 2024-09-08T05:09:48Z |
Publication Date | 2023 |
Publication Name | 2023 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2023 |
Resource | Scopus |
Abstract | With the rapid globalization and expansion of supply chains, the risk of disruptions has increased, leading to severe financial losses and operational shutdowns. The pursuit of global integration and efficiency has further exposed supply chains to many vulnerabilities and risks. This paper presents a systematic and comprehensive approach to building a resilient supply chain through effective risk management. The proposed methodology is adaptable to various supply chain applications and encompasses a series of assessment steps to identify, evaluate, and mitigate risks, uncertainties, and disruptions. Additionally, we propose optimizing the selection of strategies and corresponding specification levels to enhance supply chain resilience. By adopting this systematic and comprehensive approach, organizations can proactively identify and address risks, uncertainties, and disruptions in their supply chains. Moreover, the proposed framework enables the selection and implementation of effective mitigation strategies, resulting in improved supply chain resilience and minimized financial losses. Lastly, we present a general case of adapting the framework to Liquified Natural Gas (LNG) supply chain as an example of the ability of the framework to be adopted by various types of supply chains. |
Sponsor | ACKNOWLEDGMENT This publication was made possible by the Collaborative Grant [QUCG-CENG-23/24-253] from Qatar University. The statements made herein are solely the responsibility of the authors. |
Language | en |
Publisher | IEEE |
Subject | Mitigation Plan Optimization-Simulation Risk Management Supply Chain Resilience |
Type | Conference Paper |
Pagination | 437-442 |
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Mechanical & Industrial Engineering [1343 items ]
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Traffic Safety [163 items ]