Information technology and e-risk of supply chain management

Abstract

Application of information and communication technology (ICT) is exponentially growing in Supply Chain Management (SCM) for increasing productivity and profitability in business. This growth of Information Technology in SCM has changed the paper based environment to Virtual Supply Chain, which is also generating electronic risks (e-risks) in form of cybercrime or fraud. Although, reducing the e-risks from huge data generated in day to day operation of supply chain networks is a big challenge for decision makers, auditors, detecting and investigating agencies. We know that technology is always a double-edged sword which can be reciprocally used for prevention of e-risks in SCM. The purpose of these empirical studies is to discuss the IT application and trend to curb the supply chain's e-risks.