Four. Operational Strategies for Managing Supply Chain Disruption Risk

  1. Panos Kouvelis3,
  2. Lingxiu Dong3,
  3. Onur Boyabatli4 and
  4. Rong Li4
  1. Brian Tomlin1 and
  2. Yimin Wang2

Published Online: 11 OCT 2011

DOI: 10.1002/9781118115800.ch4

The Handbook of Integrated Risk Management in Global Supply Chains

The Handbook of Integrated Risk Management in Global Supply Chains

How to Cite

Tomlin, B. and Wang, Y. (2011) Operational Strategies for Managing Supply Chain Disruption Risk, 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.ch4

Editor Information

  1. 3

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

  2. 4

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

Author Information

  1. 1

    Tuck School of Business, Dartmouth College, Hanover, New Hampshire, USA

  2. 2

    W.P. Carey School of Business, Arizona State University, Tempe, Arizona, USA

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:

  • backup supply;
  • diversify supply;
  • operational strategies;
  • stockpile inventory;
  • supply chain disruption risk

Summary

This chapter introduces supply chain practitioners and scholars to the operational strategies that firms can implement to manage supply chain disruption risk. It explains the five key operational strategies, namely stockpile inventory, diversify supply, backup supply, manage demand and strengthen supply chain. The chapter explores each of these five strategies, with the goal of highlighting key factors that managers need to consider when designing and implementing their disruption mitigation strategy. It discusses the value of deploying multiple strategies, and identifies some directions for future research to advance the knowledge and practice of supply chain disruption management.

Controlled Vocabulary Terms

Production strategy; Supply chain disruption risk