Risk Analysis of Supply Chains at an Enterprise

Abstract

Abstract. Introduction. The article investigates the issues of the methodology for assessing the impact of external and internal risks on supply chains. The interrelation between the probability of occurrence of a hazardous event and its impact on supply chains is examined. The principal research method is the use of risk maps on the basis of matrix modeling. Purpose. The purpose of the article is to reveal modern approaches towards the methodology of supply chain risk analysis at an enterprise. Results. It has been stated that key risk factors can be controlled through risk monitoring. External and internal risks that may cause shocks and disruptions to the supply chain have been analyzed. It has been determined that the presented approach to risk assessment complements the methodology for risk assessment and monitoring. It has been established that supply chains are exposed to elevated risk, which can be controlled through the use of the risk matrix procedures. It has been proven that the critical risk areas within supply chains are external crises, environmental uncertainty, supply chains relations and production, while the most hazardous risks within supply chains are associated with external conditions beyond the control of supply chain participants. Conclusions. The growing impact of risk on the activity of the enterprise emphasizes the importance of processes that are intended to reduce the probability of supply chain risk. The presented study attracts attention to the process of risk monitoring, which, if neglected, contributes to the catastrophic consequences of the supply chain collapse. Summing up, it is possible to draw the following conclusions. 1. Supply chains are being exposed to high risk, which can be controlled through risk matrix procedures. 2. The conducted analysis has demonstrated that the critical risk areas in supply chains are external crises, environmental uncertainty, supply chain relations and production. 3. The most hazardous risks in supply chains are associated with external conditions that are beyond the control of supply chain participants. 4. Awareness of a risk and the possibility of classifying it on a risk matrix is a considerable aid to a simpler threat assessment, which may prove useful in practice.