A Proposed Supply Chain Risk Management Framework

Abstract

This paper discusses the concept of supply chain risk management (SCRM) in relation to the emerging challenges brought by globalisation and information and communication technologies (ICT) and the ability of SCRM frameworks to adapt to these latest requirements. As SCRM can be responsible for loss or gain of profit, the ultimate goal of enterprises is to have resilient supply chains with automated decision making that can deal with potential disruptions. In response to this, ICT developments such as agent based systems, decision support systems, and data mining techniques seem to be a promising solution. In this research, our aim is to analyze the existing literature on these ICT developments and SCRM systems and to observe the patterns, abilities and limitations of the existing models, in order to develop an initial SCRM framework.