Purchasing organization involvement in risk assessments, contingency plans, and risk management: an exploratory study
Purchasing organizations use various strategies and techniques to minimize the chance and impact of detrimental events occurring in the supply base. Supply risk assessments are a necessary first step in managing those risks. An analysis of in-depth interviews with purchasing professionals from nine...
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| Published in | Supply chain management Vol. 5; no. 4; pp. 187 - 198 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
Bradford
MCB UP Ltd
01.10.2000
Emerald Group Publishing Limited |
| Subjects | |
| Online Access | Get full text |
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| Abstract | Purchasing organizations use various strategies and techniques to minimize the chance and impact of detrimental events occurring in the supply base. Supply risk assessments are a necessary first step in managing those risks. An analysis of in-depth interviews with purchasing professionals from nine companies indicates that purchasing organizations often create contingency plans, and implement process-improvement and buffer strategies in response to perceived supply risks discovered in assessments. Even though risk assessments, contingency plans, and risk management efforts are generally acknowledged as being important, many of those interviewed believed that there was not enough done in their organizations to mitigate supply-related risks. |
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| AbstractList | Purchasing organizations use various strategies and techniques to minimize the chance and impact of detrimental events occurring in the supply base. Supply risk assessments are a necessary first step in managing those risks. An analysis of in-depth interviews with purchasing professionals from nine companies indicates that purchasing organizations often create contingency plans, and implement process-improvement and buffer strategies in response to perceived supply risks discovered in assessments. Even though risk assessments, contingency plans, and risk management efforts are generally acknowledged as being important, many of those interviewed believed that there was not enough done in their organizations to mitigate supply-related risks. This paper presents an analysis of in-depth interviews with purchasing professionals from nine companies which indicates that purchasing organizations often create contingency plans, and implement process-improvement and buffer strategies in response to perceived supply risks discovered in assessments. Purchasing organizations use various strategies and techniques to minimize the chance and impact of detrimental events occurring in the supply base. Supply risk assessments are a necessary first step in managing those risks. An analysis of indepth interviews with purchasing professionals from nine companies indicates that purchasing organizations often create contingency plans, and implement processimprovement and buffer strategies in response to perceived supply risks discovered in assessments. Even though risk assessments, contingency plans, and risk management efforts are generally acknowledged as being important, many of those interviewed believed that there was not enough done in their organizations to mitigate supplyrelated risks. |
| Author | Panelli, Alex Upton, Rebecca Zsidisin, George A. |
| Author_xml | – sequence: 1 givenname: George A. surname: Zsidisin fullname: Zsidisin, George A. organization: George A. Zsidisin is a Graduate Teaching Associate in the Department of Supply Chain Management, College of Business Administration, Arizona State University, Tempe, Arizona, USA – sequence: 2 givenname: Alex surname: Panelli fullname: Panelli, Alex organization: Alex Panelli is based at TradingHubs.com, Santa Rosa, California, USA – sequence: 3 givenname: Rebecca surname: Upton fullname: Upton, Rebecca organization: Rebecca Upton is based at Sabre Inc., Tulsa, Oklahoma, USA |
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| SubjectTerms | Assembly lines Competitive advantage Contingency planning Corporate purchasing Gold Logistics Overexpansion Process controls Product design Purchasing R&D Research & development Risk Risk assessment Risk management Strategic planning Suppliers Supply chain management Supply chains Supplychain management Technological change |
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| Title | Purchasing organization involvement in risk assessments, contingency plans, and risk management: an exploratory study |
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