The supply chain (SC) perspective is the preferred way of operating an enterprise in this era of globalized businesses marked with uncertainties in supply/ demand and tough competition. It is not surprising that most organizations have adopted this viewpoint to manage their supply chains amidst uncertainties that loom large. The effective interaction among the departments of an organization and the external SC entities such as suppliers, third party logistics providers, customers etc. would result in an efficient supply chain. However, the occurrence of exogenous events in the premises of external SC entities (labor strike, accidents) or elsewhere in the globe (terrorist attacks, earthquake, tsunami etc.) can disrupt the day-to-day operations of even an efficient SC. With SCM advocating against the locking of capital in the form of inventories, companies are targeting ‘leaner’ supply chains with minimal buffers making them more vulnerable to such disruptions.
|Journal||AIChE Annual Meeting, Conference Proceedings|