Purchasing organization involvement in risk assessments, contingency plans, and risk management: an exploratory study

George A. Zsidisin (George A. Zsidisin is a Graduate Teaching Associate in the Department of Supply Chain Management, College of Business Administration, Arizona State University, Tempe, Arizona, USA.)
Alex Panelli (Alex Panelli is based at TradingHubs.com, Santa Rosa, California, USA.)
Rebecca Upton (Rebecca Upton is based at Sabre Inc., Tulsa, Oklahoma, USA.)

Supply Chain Management

ISSN: 1359-8546

Publication date: 1 October 2000

Abstract

Purchasing organizations use various strategies and techniques to minimize the chance and impact of detrimental events occurring in the supply base. Supply risk assessments are a necessary first step in managing those risks. An analysis of in‐depth interviews with purchasing professionals from nine companies indicates that purchasing organizations often create contingency plans, and implement process‐improvement and buffer strategies in response to perceived supply risks discovered in assessments. Even though risk assessments, contingency plans, and risk management efforts are generally acknowledged as being important, many of those interviewed believed that there was not enough done in their organizations to mitigate supply‐related risks.

Keywords

Citation

George A. Zsidisin, Alex Panelli and Rebecca Upton (2000) "Purchasing organization involvement in risk assessments, contingency plans, and risk management: an exploratory study", Supply Chain Management, Vol. 5 No. 4, pp. 187-198

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DOI

: https://doi.org/10.1108/13598540010347307

Publisher

:

MCB UP Ltd

Copyright © 2000, MCB UP Limited

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