Managing supply chain uncertainty and risk in the pharmaceutical industry

Abstract

The purpose of the conceptual paper is to present a framework for managing pharmaceutical supply chain uncertainty and risk. The supply chain risk management strategy is critical and significant to strategically support the firms to success in the long run. However, very little research has been conducted in the pharmaceutical firms so far. Based on literature review, the supply chain integration capability is considered as effective risk management tools for mitigating the supply chain uncertainty and risk. The authors identified main types of pharmaceutical supply chain uncertainty and risk. The conceptual framework focuses on the relationships among the supply chain integration capability and pharmaceutical supply chain uncertainty and risk. This provides insights into the pharmaceutical supply chain risk management. The study focuses on the pharmaceutical industry. However, the proposed framework can be validated with an empirical work in different sectors. Moreover, this contributes to the pharmaceutical supply chain management literature.

Blockchain Technology and Its Role in Enhancing Supply Chain Integration Capability and Reducing Carbon Emission: A Conceptual Framework

“…This paper presents a pilot study in New Zealand and offers propositions and a conceptual framework. The capabilities of supply chain integration encompass supply chain visibility, supply chain agility and supply chain flexibility [58]. The relationships between blockchain and supply chain integration offer future opportunities to examine the applications of Blockchain in the supply chain management.…”

“…hence it seems imperative to create a mechanism to address these challenges and uncertainties. The concept of supply chain integration capability consisting of supply chain visibility, supply chain agility and supply chain flexibility was derived from the previous studies [58][59][60].…”

“…Supply chain integration capability offers an alternative solution to the firms to adopt the mechanisms to manage supply chain uncertainties and risks [59,61]. The types of dynamic supply chain capabilities constitute a supply chain capability, which is a dynamic firm ability to sense (visibility), collaborate (agility), and reconfigure (flexibility) its elements in a supply chain, including internal cross-functional integration and external integration with suppliers and customers [58,61]. Figure 1 illustrates the supply chain integration capability which consists of supply chain visibility, supply chain agility and supply chain flexibility [62,63].…”

“…It may provide a company with the opportunity to concentrate its core business and compete in a market. As discussed before, in this study, the supply chain integration capability was derived from the previous studies [58,59].…”

Blockchain and Supply Chain Management: A New Paradigm for Supply Chain Integration and Collaboration

“…The forest industry may focus on improving efficiency of processes for manufacturing and reducing the cost of transport. Pharmaceutical industry may focus on the improvement of product innovation and R&D for source and make (Wang and Jie, 2019). Therefore, it is meaningful to assess the use of blockchain in terms of the specific requirements in a particular business field.…”