Information technology and risk management in supply chains

Abstract

<jats:sec><jats:title content-type="abstract-subheading">Purpose</jats:title><jats:p>This paper reviews and classifies research connecting supply chain risk management (SCRM) and information technology (IT) and derives a structured proposal for fruitful research directions.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title><jats:p>The authors conducted a systematic literature review of the interplay of SCRM and IT, drawing from major journals in the relevant fields. These findings are enriched by experiences from a three-year international research project.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Findings</jats:title><jats:p>Current research focuses on the role of IT for risk reduction, rather than for risk identification, analysis and monitoring. While much research has investigated operational supply chain risk, fewer insights into disruption risk are available. There is little research on the role of IT in SCRM beyond its potential to enhance information sharing among supply chain partners. To address these gaps, the paper proposes a two-dimensional framework to categorize IT potential for SCRM according to the source and impact of disruption risk on physical supply chain flows, which suggests promising directions for future research.</jats:p></jats:sec><jats:sec><jats:title content-type="abstract-subheading">Originality/value</jats:title><jats:p>The paper offers a systematic review to further our understanding of the relationship of SCRM and IT. In addition, it presents and discusses nine areas for further research aimed at mitigating the gaps identified at the intersection of SCRM and IT.</jats:p></jats:sec>

Leveraging supply chain disruption orientation for resilience: the roles of supply chain risk management practices and analytics capability

“…internal and external SCRM practices) of the moderation of analytics capability on the indirect effect of SCDO. Although prior studies have emphasized the role of traditional information technology and systems in SCRM literature (Fischer-Preßler et al, 2020), they have ignored the importance of advanced and unique tools, techniques and technologies in the storage, visualization, analysis and management of massive and various data in a short time, especially in the supply chain disruption context. In the light of analytics capability, to date, the literature has paid attention to its enabling effect on various competitive capabilities and performance (Srinivasan and Swink, 2017;Wamba et al, 2020).…”

AI technologies and their impact on supply chain resilience during COVID-19

“…Identification of operational risks can help improve real-time visibility and indicate mitigating solutions (Fan and Stevenson, 2018). Tactical risk recognition helps with better sales and operations planning, whereas strategic risk identification helps with network planning and multi-sourcing options (Fischer-Preßler et al , 2020). COVID-19 also highlighted the importance of supply chains being local to ensure adequate resiliency, which is made possible by recognising the importance of miniscule data of each and every consumer that is usually ignored in the traditional approaches of supply chain management.…”

Risk management during the Covid-19 crisis: business responses in the Polish water utilities

“…In turn, Tiwari suggests that Industry 4.0 supports the integration of supply chain flows, especially those related to information and physical resources flows (Tiwari 2020). A systematic literature review of the interaction between supply chain risk management and information technology has allowed Fischer-Preßler et al to see that the increase in supply chain disruption, a major source of risk for both business organisations and consumers, is increasing the importance of resource investments (Fischer-Preßler et al 2020).…”