Prioritization of Supply Chain Risks in Indian Manufacturing Context
Harish Babu1, Prabhas Bhardwaj2, Anil Kumar Agrawal3
1Harish Babu*, Deptt. of Mechanical Engineering, Indian Institute of Technology (BHU), Varanasi, Uttar Pradesh, India.
2Prabhas Bhardwaj, Deptt. of Mechanical Engineering, Indian Institute of Technology (BHU), Varanasi, Uttar Pradesh, India.
3Anil Kumar Agrawal, Deptt. of Mechanical Engineering, Indian Institute of Technology (BHU), Varanasi, Uttar Pradesh, India.
Manuscript received on March 28, 2020. | Revised Manuscript received on April 25, 2020. | Manuscript published on April 30, 2020. | PP: 2026-2032 | Volume-9 Issue-4, April 2020. | Retrieval Number: C6378029320/2020©BEIESP | DOI: 10.35940/ijeat.C6378.049420
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Supply chain risk management is an important aspect of every organisation. Each supply chain risks has a different effect on the performance of supply chain, due to the various characteristics of supply chain risk variables like level of impact, probability of occurrence, cost of anticipation. Therefore, it is very important for supply chain mangers to analyse and evaluate the relative importance of each risk variable to proactively plan for them and determine their priority. This study aims to evaluate and prioritize of the major supply chain risks, by using AHP methodology. Indian manufacturing organisation needs to pay conspicuous attention in the field of supply chain risk management and I hope that this research article would provide additional dimensions in the same context.
Keywords: Analytical Hierarchy Process, Risk Management, Risk Modelling, Risk Prioritization, Supply Chain Risk Management (SCRM), Indian manufacturing organisation, Supply risks, Demand Risks.