Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company

The fundamental objective of supply chain management is to integrate various suppliers to satisfy market demand. Supplier evaluation and selection is very important for establishing an effective supply chain. In fact, supplier selection consists of both qualitative and quantitative criteria, so it i...

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Main Authors: Kia Parsa, Fatemeh Torfi
Format: Article
Language:English
Published: EconJournals 2017-08-01
Series:International Review of Management and Marketing
Online Access:https://www.econjournals.com/index.php/irmm/article/view/5219
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author Kia Parsa
Fatemeh Torfi
author_facet Kia Parsa
Fatemeh Torfi
author_sort Kia Parsa
collection DOAJ
description The fundamental objective of supply chain management is to integrate various suppliers to satisfy market demand. Supplier evaluation and selection is very important for establishing an effective supply chain. In fact, supplier selection consists of both qualitative and quantitative criteria, so it is considered as a multi-criteria decision-making problem. In this paper, evaluate and rank the risks in supply chain in order to determine and prioritize the critical, which is measured based on determined indexes. we got a list of risks by interviewing experts in this field using failure modes and effect analysis questionnaire the qualitative data are converted to quantitative data and identified risks have been evaluated and ranked by using gray analysis consequently. This study is looking for identifications and descriptions with proper samples of six main kind of confronted risk of supply chain. Hence, the method can be an efficient and effective methodology to be used by decision makers on supply chains. The proposed methodology can also be applied to found the most important known risks, which are proposed, to managers. Keywords: Supply Chain, Risk, Grey Failure Mode and Effect Analysis JEL Classification: R41
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spelling doaj.art-c463ddd75b4447bb80c57b4668ae05e62023-02-15T16:07:38ZengEconJournalsInternational Review of Management and Marketing2146-44052017-08-0166SEvaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan CompanyKia ParsaFatemeh TorfiThe fundamental objective of supply chain management is to integrate various suppliers to satisfy market demand. Supplier evaluation and selection is very important for establishing an effective supply chain. In fact, supplier selection consists of both qualitative and quantitative criteria, so it is considered as a multi-criteria decision-making problem. In this paper, evaluate and rank the risks in supply chain in order to determine and prioritize the critical, which is measured based on determined indexes. we got a list of risks by interviewing experts in this field using failure modes and effect analysis questionnaire the qualitative data are converted to quantitative data and identified risks have been evaluated and ranked by using gray analysis consequently. This study is looking for identifications and descriptions with proper samples of six main kind of confronted risk of supply chain. Hence, the method can be an efficient and effective methodology to be used by decision makers on supply chains. The proposed methodology can also be applied to found the most important known risks, which are proposed, to managers. Keywords: Supply Chain, Risk, Grey Failure Mode and Effect Analysis JEL Classification: R41 https://www.econjournals.com/index.php/irmm/article/view/5219
spellingShingle Kia Parsa
Fatemeh Torfi
Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
International Review of Management and Marketing
title Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
title_full Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
title_fullStr Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
title_full_unstemmed Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
title_short Evaluate and Rank the Risks in Supply Chain in Work and Initiative of Naghshe Jahan Company
title_sort evaluate and rank the risks in supply chain in work and initiative of naghshe jahan company
url https://www.econjournals.com/index.php/irmm/article/view/5219
work_keys_str_mv AT kiaparsa evaluateandranktherisksinsupplychaininworkandinitiativeofnaghshejahancompany
AT fatemehtorfi evaluateandranktherisksinsupplychaininworkandinitiativeofnaghshejahancompany