Worldwide Competitiveness today, means that the customer is Utmost. As the customer is supreme, only those enterprises are going to be prosperous which are able to provide goods and services to the customer in timely, cost effective manner and also provide quality, which not only satisfies him but delights him. Considerable research has been carried out and literature available in the field of Supply Chain Management since 1990. Successful supply chains use integrated measurement systems as a tool to achieve their organizational objectives. A comparative analysis of various risks factors reduces the chance of its occurrence. It indicates that validity of many of the measurement frameworks need to be established through further study. The process of choosing appropriate supply chain performance measures is difficult as a result of the complexity of these systems. The main motive of this paper is risk identification which in more severe for the Company.
The vital motive of this analysis to review the literature in the field of various risk factors for supply chains to understand current practices and to help Industry to sustain its continue win in flat market where the competition is cut throat these days.
To accomplish this objective following steps have been performed:
- Literature review on supply risk as well as a series of industry interviews
- From Risks factors, a Hierarchical Risk Factor classification structure is created
- An Analytical Hierarchy Processing (AHP) method with enhanced Consistency to rank risk factor for suppliers is created.
Keywords: Supply Chain, Analytical Hierarchy Process (AHP), Risk,Supply Chain Managementy
|