Supply chain risk management and performance: A guiding framework for future development
The article examines industrial risk management in the context of supply chain risk management (SCRM), which develops performance measures and metrics to evaluate, educate and direct operational and strategic decisions. The article seeks to examine the interaction between risk and performance in a supply chain context, reveal the strands of risk management within supply chain management, develop a framework encapsulating these strands, and demonstrate its application in two empirical settings. A definition of "risk" is provided. Risk sources and risk management responses are discussed. Two case studies are provided, one being an agricultural equipment manufacturer, and the other a construction contractor.