Preliminary Findings from a Supply Risk Audit Instrument
|Business organizations are exposed to supply risk, whether it is from supply disruptions, significant price increases, or poor supplier performance. Regardless of how it manifests, risk occurrence translates into financial loss for firms, such as cost increases and revenue reduction from lost business. Various tools exist to create awareness of this risk in the supply chain, assess the likelihood and impact of risk occurrence, and manage it both before and after it manifests. The purpose of this discussion is to provide initial insights to a supply risk audit instrument deployed through five organizations and to describe one example of research findings from this study. Specifically, this presentation will compare supply risk practices between German and U.S. supply management professionals with regard to supply risk awareness, sources, management, occurrence, and management effectiveness. The overall findings indicate that similarities and differences exist between these countries, some of which may be explained from cultural backgrounds and geographical proximity. Further, this presentation will provide insight to an alternative research method for obtaining survey data.
|Prof.dr. J.Y.F. Wynstra