[ 30th September 2022 by Sinrol Zhang Hnu 0 Comments ]

Development of futuristic supply chain risk management pilot strategies for achieving loss reduction in manufacturing organisations, Prof. D. Elangovan, Dr. G. Sundararaj, Prof. S. Devadasan and Prof. P. Karuppuswamy

Prof. D. Elangovan
Karpagam College of Engineering, Coimbatore
India
Email: delangovan_cbe@rediffmail.com
Dr. G. Sundararaj
PSG College of Technology, Coimbatore
India
Email: gsraj_558@yahoo.com
Prof. S.R. Devadasan
PSG College of Technology, Coimbatore
India
Email: devadasan_srd@yahoo.com
Prof. P. Karuppuswamy
Sri Ramakrishna Engineering College, Coimbatore
India
Email: pkaruppuswamy_cbe@rediffmail.com

DOI: 10.1108/20425961201000004

Abstract: Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the delivery of final products, there are inevitable losses occurring due to major time delays in supply chain activities. Hence it is essential to study, understand and track these major time delays by developing futuristic supply chain risk management strategies. This paper reports a research which was conducted to meet this requirement. During this research, major time delays were investigated by conducting a questionnaire supported interview based survey in 15 manufacturing organisations. On analysing the responses, pilot strategies for achieving loss reduction have been proposed. The paper is concluded by pointed out the necessity for developing dynamic models for achieving loss reduction and continuous improvement.
Keywords: Supply chain; Supply chain management; Risk; Risk management; Risk mitigation; Major time delays; Loss producing events; Loss reduction; Continuous improvement.
Citation: Elangovan, D., Sundararaj, G., Devadasan, S.R. and Karuppuswamy, P. (2010), "Development of futuristic supply chain risk management pilot strategies for achieving loss reduction in manufacturing organisations", World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 6 No. 1/2, pp. 39-51. https://doi.org/10.1108/20425961201000004

 

WJEMSD V6 N1_2 2010 Elangovan et al.pdf
WJEMSD V6 N1_2 2010 Elangovan et al.pdf
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