Towards an integrated model of supply chain risks: An alignment between supply chain characteristics and risk dimensions

Abstract

Within any Supply Chain Risk Management (SCRM) approach, the concept “Risk” occupies a central interest. Numerous frameworks which differ by the provided definitions and relationships between supply chain risk dimensions and metrics are available. This article provides an outline of the most common SCRM methodologies, in order to suggest an “integrated conceptual model”. The objective of such an integrated model is not to describe yet another conceptual model of Risk, but rather to offer a concrete structure incorporating the characteristics of the supply chain in the risk management process. The proposed alignment allows a better understanding of the dynamic of risk management strategies. Firstly, the model was analyzed through its positioning and its contributions compared to existing tools and models in the literature. This comparison highlights the critical points overlooked in the past. Secondly, the model was applied on case studies of major supply chain crisis.