Effect Of Supply Chain Risk Management On Organization Performance: A Case Study Of National Foods Manooabad Muridke District Sheikhupura

Muhammad Arfan Hadyait (1), Shafiq Ahmad (2), Muhammad Mohsin Rashid (3)
(1) Institute of Quality and Technology Management University of the Punjab, Lahore, Pakistan,
(2) Institute of Quality and Technology Management University of the Punjab, Lahore, Pakistan,
(3) Institute of Quality and Technology Management University of the Punjab, Lahore, Pakistan

Abstract

Previously, many studies focused on risk management in a general context, with little attention paid to how supply chain risk management affects an organization's profit and performance. The main aim of our study is to explore the effect of supply chain risk management on organizational performance at National Foods Manooabad, Muridke, District Sheikhupura. This study was conducted at National Foods Manooabad, Muridke. Data were collected using a questionnaire distributed to the employees of National Foods Manooabad, Muridke. SPSS 22 (Statistical Package for Social Sciences) was used to analyze the collected data. This study attempts to assess the effects of supply chain risk management variables on the performance of the organization. Three main supply chain risk management variables were identified: supply chain risk identification, supply chain risk sources, and supply chain risk mitigation. We found that the risk register method is primarily used for the identification of risks in the supply chain at any level. The most important risks identified in our study are supplier risks, environmental risks, political risks, market risks, warehousing risks, and financial risks. Effective mitigation strategies include risk avoidance measures, risk control measures, and risk cooperation measures. We concluded that it is important for an organization to proactively identify risks as early as possible in the decision-making process. Different types of risks need to be identified across all processes of supply chains. After identifying these risks, the organization needs to mitigate them using different mitigation strategies. In the future, this study will be helpful for many organizations dealing with food items consumed by people. While many previous studies have generally focused on risk management, this study specifically focuses on supply chain risks. There is a need for more studies in different industries to provide better information for controlling risks in supply chain management.

Full text article

Generated from XML file

References

Amemba, C. S. (2013). The Effect of Implementing Risk Management Strategies on Supply Chain Performance?: A Case of Kenya Medical Supplies Agency. European Journal of Business and Management, 5(14): 1–16.

Bavarsad, B., Boshagh, M., & Kayedian, A. (2014). A Study on Supply Chain Risk Factors and Their Impact on Organizational Performance. International Journal of Operations and Logistics Management, 3(3): 192–211.

Berenji, H. R., & Anantharaman, R. N. (2011). Supply Chain Risk Management?: Risk Assessment in Engineering and Manufacturing Industries. International Journal of Innovation, Management and Technology, 2(6): 452–458.

Faizal, K., & Palaniappan, P. L. K. (2014). Risk Assessment and Management in Supply Chain. Global Journal of Research in Engineering: G Industrail Engineering, 14(2): 18–30.

Ghatebi, M., Ramezani, E., & Shiraz, M. A. E. (2013). Impact of Supply Chain Management Practices on Competitive Advantage in Manufacturing Companies of Khuzestan Province. Interdisciplinary Journal of Contemporary Research Business, 5(6): 269–274.

Karimi, E., & Rafiee, M. (2014). Analyzing the Impact of Supply Chain Management Practices on Organizational Performance through Competitive Priorities ( Case Study?: Iran Pumps Company ). International Journal of Academic Research in Accounting, Finance and Management Sciences, 4(1): 1–15. https://doi.org/10.6007/IJARAFMS/v4-i1/503

Li, S., Ragu-nathan, B., Ragu-nathan, T. S., & Rao, S. S. (2006). The impact of supply chain management practices on competitive advantage and organizational performance. Omega The International Journal of Management Science, 34: 107–124. https://doi.org/10.1016/j.omega.2004.08.002

Mand, J. S., Singh, C. D., & Singh, R. (2013). IMPLEMENTATION OF CRITICAL RISK FACTORS. International Journal of Management Research and Business Strategy, 2(1): 104–120.

Mburu, D. K., Ngugi, P. K., & Ogollah, K. (2015). An Assessment Of Effect Of Risk Identification Management Strategy On Supply Chain Performance In Manufacturing Companies In Kenya. International Journal of Economics, Commerce and Management, III(4): 1–17.

Mccormack, K., Wilkerson, T., Marrow, D., Davey, M., Shah, M., & Yee, D. (2008). Managing Risk in Your Organization with the SCOR Methodology. Int. Journal of Business Science and Applied Management, 2(1): 1–32.

Mensah, C., Diyuoh, D., & Oppong, D. (2014). Assessment Of Supply Chain Management Practices And It Effects On The Performance Of Kasapreko Company Limited In Ghana. European Journal of Logistics Purchasing and Supply Chain Management, 2(1): 1–16.

Mishra, P. K., & Shekhar, B. R. (2011). Impact of Risks and Uncertainties on Supply Chain?: A Dairy Industry Perspective. Journal of Management Research, 3(2): 1–18. https://doi.org/10.5296/jmr.v3i2.651

Munyuko, C. W. (2015). Effects of Supply Chain Risk Management on Organization Performance?: Case of Andy Forwarders Services Limited. International Journal of Academic Research in Business and Social Sciences, 5(3): 380–403.

Ouabouch, L., & Amri, M. (2013). Analysing Supply Chain Risk Factors?: A Probability-Impact Matrix Applied to Pharmaceutical Industry. Journal of Logistics Management, 2(2): 35–40. https://doi.org/10.5923/j.logistics.20130202.01

Paul, S. K., Sarker, R., & Essam, D. (2016). Managing Risk and Disruption in Production-Inventory and Supply Chain Syatems: A Review. Journal of Industrial and Management Optimization, 12(3): 1009–1029. https://doi.org/10.3934/jimo.2016.12.1009

Raka, C., & Liangrokapart, J. (2015). Supply Chain Risk Management?: A Case Study in Thailand. In Proceedings of the Hamburg International Conference of Logistics (pp. 557–580).

Serio, L. C. Di, Oliveira, L. H. De, & Schuch, L. M. S. (2011). Management & Innovation Organizational Risk Management – A Case Study in Companies that have won the Brazilian Quatity Award Prize. Journal of Technology Management & Innovation, 6(2): 231–243.

Sharma, A., Garg, D., & Agarwal, A. (2012). QUALITY MANAGEMENT IN SUPPLY CHAINS?: THE LITERATURE REVIEW. International Journal for Quality Research, 6(3): 193–206.

Yap, L. L., & Tan, C. L. (2012). The Effect of Service Supply Chain Management Practices on the Public Healthcare Organizational Performance. International Journal of Business and Social Science, 3(16): 216–224.

Authors

Muhammad Arfan Hadyait
marfan39@gmail.com (Primary Contact)
Shafiq Ahmad
Muhammad Mohsin Rashid
Hadyait, M. A., Ahmad , S., & Mohsin Rashid, M. (2019). Effect Of Supply Chain Risk Management On Organization Performance: A Case Study Of National Foods Manooabad Muridke District Sheikhupura. Innovation Journal of Social Sciences and Economic Review, 1(1), 1–07. https://doi.org/10.36923/ijsser.v1i1.22

Article Details

Smart Citations via scite_
Views
  • Abstract 54792
  • Download PDF 281