ICTACT Journal on Management Studies

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A Study on Strategic Sourcing and Supply Chain Risk Management in AVTEC Limited


Affiliations
1 Department of Management and Business Administration, Periyar University Constituent College of Arts and Science, India
2 Department of Management and Business Administration, Sona College of Technology, India
     

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Supply Chain Risk Management is the process of forecasting the risks that may happen in future and managing them effectively. In other words, SCRM is to apply risk management process tools, with partners in a supply chain or on your own, to deal with risks and uncertainties caused by, or affecting, logistics- related activities or resources in the supply chain. In order to be more efficient, firms have adopted strategies such as outsourcing, global partnerships and lean practices but resulted in lot of supply chain risks. Hence strategic sourcing and supply chain team combined together to minimize the supply chain risks. The study has been taken to gain an in-depth knowledge about strategic sourcing and the level of risk management in AVTEC Limited. This project is a study on AVTEC concern about supply chain risks and how good is the supply chain team in managing all the risks like Natural disaster risks, Geo-Political risks, Infrastructure outage risks, Supplier business policies and practices etc. A structured questionnaire has been used to collect the data. Appropriate statistical tools have been used to draw conclusions. The statistical tools such as Percentage analysis, Correlation and ANOVA were used. The conclusion and suggestions are provided to the company based on the data collected from them. The data collected are fed in the SPS software (SPSS). The data are analysed using the SPSS. The data are analysed using descriptive statistics, chi-square analysis and factor analysis-test.

Keywords

Strategic Sourcing, Supply Market Analysis, Supply Chain Risks, Logistics Management.
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  • A Study on Strategic Sourcing and Supply Chain Risk Management in AVTEC Limited

Abstract Views: 345  |  PDF Views: 0

Authors

K. Selvavinayagam
Department of Management and Business Administration, Periyar University Constituent College of Arts and Science, India
V. Jothi Francina
Department of Management and Business Administration, Sona College of Technology, India
R. K. Pradeep
Department of Management and Business Administration, Sona College of Technology, India

Abstract


Supply Chain Risk Management is the process of forecasting the risks that may happen in future and managing them effectively. In other words, SCRM is to apply risk management process tools, with partners in a supply chain or on your own, to deal with risks and uncertainties caused by, or affecting, logistics- related activities or resources in the supply chain. In order to be more efficient, firms have adopted strategies such as outsourcing, global partnerships and lean practices but resulted in lot of supply chain risks. Hence strategic sourcing and supply chain team combined together to minimize the supply chain risks. The study has been taken to gain an in-depth knowledge about strategic sourcing and the level of risk management in AVTEC Limited. This project is a study on AVTEC concern about supply chain risks and how good is the supply chain team in managing all the risks like Natural disaster risks, Geo-Political risks, Infrastructure outage risks, Supplier business policies and practices etc. A structured questionnaire has been used to collect the data. Appropriate statistical tools have been used to draw conclusions. The statistical tools such as Percentage analysis, Correlation and ANOVA were used. The conclusion and suggestions are provided to the company based on the data collected from them. The data collected are fed in the SPS software (SPSS). The data are analysed using the SPSS. The data are analysed using descriptive statistics, chi-square analysis and factor analysis-test.

Keywords


Strategic Sourcing, Supply Market Analysis, Supply Chain Risks, Logistics Management.

References