One. Integrated Risk Management: A Conceptual Framework with Research Overview and Applications in Practice

  1. Panos Kouvelis1,
  2. Lingxiu Dong1,
  3. Onur Boyabatli2 and
  4. Rong Li2
  1. Panos Kouvelis1,
  2. Lingxiu Dong1,
  3. Onur Boyabatli2 and
  4. Rong Li2

Published Online: 11 OCT 2011

DOI: 10.1002/9781118115800.ch1

The Handbook of Integrated Risk Management in Global Supply Chains

The Handbook of Integrated Risk Management in Global Supply Chains

How to Cite

Kouvelis, P., Dong, L., Boyabatli, O. and Li, R. (2011) Integrated Risk Management: A Conceptual Framework with Research Overview and Applications in Practice, in The Handbook of Integrated Risk Management in Global Supply Chains (eds P. Kouvelis, L. Dong, O. Boyabatli and R. Li), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118115800.ch1

Editor Information

  1. 1

    Olin Business School, Washington University, St. Louis, Missouri, USA

  2. 2

    Lee Kong Chian School of Business, Singapore Management University, Singapore

Author Information

  1. 1

    Olin Business School, Washington University, St. Louis, Missouri, USA

  2. 2

    Lee Kong Chian School of Business, Singapore Management University, Singapore

Publication History

  1. Published Online: 11 OCT 2011
  2. Published Print: 4 NOV 2011

ISBN Information

Print ISBN: 9780470535127

Online ISBN: 9781118115800

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Keywords:

  • action-based supply chain risk management;
  • conceptual framework;
  • integrated risk management;
  • risk mitigation strategies

Summary

This chapter presents an action-based supply chain risk management framework that has emerged from industry practice and academic research. For practitioners, this conceptual framework can serve as a guideline to devise risk management strategies that suit their specific supply chain environments. For academicians, one can map the research in the growing field of integrated risk management research within the context of this framework, and identify potentially fruitful directions for future research. The framework of supply chain risk management proposes a two-stage action plan: a planning stage and an execution stage. Risk mitigation strategy has been the main focus of the supply chain risk management research. The chapter discusses the landscape of the current academic research in this area. The growing research of supply chain risk management can be largely divided into three themes: managing risk through operational strategies, integrated operations finance risk management, and supply chain finance.

Controlled Vocabulary Terms

Financial supply chain management; Risk management; Supply chain disruption risk