This paper discusses the importance of the SCOR model in assessing risks within the supply chains and makes an attempt to determine how the model applies its scope in addressing risks from internal employees. The application of the SCOR model is only limited to study and to analyze the concepts of supply chain vulnerability and the stakeholder’s interests and doesn’t extend beyond that. The model is applied to Toyota Kirloskar Motor Corporation, by configuring its existing supply chain and identifying the potential internal risks. Based on the analysis, recommendation and suggestions are submitted for a variant of attributes to the SCOR model.
In a complex dynamic business environment, supply chains have become the most integral part of the organization. They now, are the tools of reducing costs and adding value (additional) to a product or service. Henceforth, they can be regarded as the crucial part of an organization. However, the quest of organizations and globalization with the aim of constructing an effective means of supply and supply chain has increased the complexity of the supply chain which can often reduce the knowledge and understanding the of the exposure to risk.
The risks can arrive from anywhere or from any source. For instance, imagine the port and the harbor industry which was wrecked by Tsunami which erupted in Indian Ocean 2004. This was an unanticipated risk which can be categorized as natural risk (natural disaster). Risks from suppliers can be untimely delivery, increased in costs than agreed or labor strikes and external risks can change government economic policies (changing tax rates and subsidies etc.).While few risks can be anticipated, whilst majority of risks cannot be forecasted (decease of factory worker due to unhealthy conditions or heart stroke), this demands the ongoing need for an effective risk management frame work for assessing risks in the supply chain management.
The incorporation of the Supply chain operations model for assessing and evaluating risks have benefitted many supply chains and organizations. Yet, there are certain limitations of the model that fails to address risks in the supply chain.
The SCOR model of assessing risks becomes more complex when it’s applied to complex supply chains. The five attributes on which the SCOR model is built has to be tested to determine if there is a need for any other variants or additional attributes that has to be incorporated into the model.
Inhaltsverzeichnis (Table of Contents)
- 1. INTRODUCTION
- 1.1. BACKGROUND VALUE
- 1.2. RESEARCH PROBLEM
- 1.3. RESEARCH CONTRIBUTIONS
- 2. COMPANY BACKGROUND
- 2.1. THE KANBAN SYSTEM
- 2.2. PRODUCTION SITES OF TOYOTA OUTSIDE JAPAN
- 3. LITERATURE REVIEW
- 3.1. SUPPLY CHAIN MANAGEMENT
- 3.2. SUPPLY CHAIN RISK
- 3.3. SUPPLY CHAIN RISK MANAGEMENT
- 3.4. RISK AND SUPPLY CHAIN
- 3.5. THE SUPPLY CHAIN OPERATIONS REFERENCE MODEL (SCOR)
- 3.6. SUPPLY CHAIN RISK AND SCOR
- 3.7. PLAN-SOURCE-MAKE-DELIVER-RETURN-LEVEL I
- 3.8. PLANNING-EXECUTION-ENABLE-LEVEL II
- 3.9. PROCESS-ELEMENT-LEVEL-III
- 3.10. PERFORMANCE ATTRIBUTES AND METRICS
- 3.11. VALUE AT RISK
- 3.12. SUPPLY CHAIN RISK IDENTIFICATION & ASSESSMENT- SCOR MODEL
- 3.13. EMPLOYEES AND THEIR IMPORTANCE IN SUPPLY CHAINS
- 3.14. SUPPLY CHAIN VULNERABILITY
- 4. RESEARCH DESIGN
- 4.1. EXPLORATORY RESEARCH
- 4.2. LITERATURE SEARCH
- 4.3. QUALITATIVE RESEARCH
- 4.4. QUANTITATIVE RESEARCH
- 4.5. DATA COLLECTION
- 4.6. PRIMARY DATA
- 4.7. SECONDARY DATA
- 4.8. CASE ANALYSIS
- 5. ANALYSIS
- 5.1. RISK MANAGEMENT-A PHILOSOPHY BY TOYOTA ITSELF
- 5.2. SCOR IMPLEMENTATION-RISK ASSESSMENT TECHNIQUE
- 5.3. KEY INTERNAL RISKS AT TKM
- 5.4. HISTORICAL ANALYSIS
- 5.5. RISK ASSESSMENT
- 5.6. IMPACTS OF INTERNAL RISKS
- 5.7. RISK MITIGATION PLAN
- 6. FINDINGS AND DISCUSSIONS
- 6.1. VULNERABILITY
- 6.2. IMPORTANCE OF STAKEHOLDERS AROUND THE SUPPLY CHAIN
- 6.3. PERFORMANCE METRICS
- 7. CONTRIBUTIONS
- 8. LIMITATIONS
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to assess risks within a supply chain using the SCOR model, focusing on the attributes relevant to this model. It uses Toyota Kirloskar Motor Corporation as a case study to analyze practical application and risk mitigation strategies.
- Application of the SCOR model for supply chain risk assessment.
- Identification of key risk factors within Toyota Kirloskar Motor Corporation's supply chain.
- Analysis of risk mitigation strategies and their effectiveness.
- Examination of the importance of stakeholders in supply chain risk management.
- Evaluation of relevant performance metrics within the SCOR framework.
Zusammenfassung der Kapitel (Chapter Summaries)
1. INTRODUCTION: This chapter introduces the research, highlighting the increasing complexity of global supply chains and the need for effective risk management. It establishes the problem of insufficient understanding of supply chain risk exposure and outlines the study's objectives and contributions, setting the stage for the subsequent analysis of Toyota Kirloskar Motor Corporation's supply chain and its risk management practices using the SCOR model. The chapter lays the groundwork for understanding the relevance and importance of the research undertaken.
2. COMPANY BACKGROUND: This section provides essential context by introducing Toyota Kirloskar Motor Corporation and its operational strategies, particularly focusing on the Kanban system and its global production network. Understanding Toyota's unique approach to manufacturing is crucial for interpreting the later analysis of its supply chain risk management practices. The description of the Kanban system and the global distribution of production sites allows the reader to grasp the scale and complexity of the supply chain being examined.
3. LITERATURE REVIEW: This extensive chapter comprehensively reviews existing literature on supply chain management, risk, and the SCOR model. It systematically explores concepts like supply chain risk management, different levels within the SCOR model (Plan, Source, Make, Deliver, Return; Planning, Execution, Enable), associated performance attributes and metrics, and the use of Value at Risk (VaR) in risk assessment. This detailed review provides the theoretical foundation for the subsequent empirical analysis, clarifying the terms and methods used throughout the study. The integration of the SCOR model within the context of supply chain risk is meticulously discussed, laying a firm theoretical basis for the practical application in later chapters.
4. RESEARCH DESIGN: This chapter details the methodology employed in the study. It outlines the use of exploratory research, literature searches, and qualitative and quantitative research methods, including the data collection process (primary and secondary data) and the case analysis approach. This transparency ensures the rigor and replicability of the research. The rationale behind the selected methodologies is explained, highlighting their appropriateness in addressing the research questions and objectives.
5. ANALYSIS: This chapter presents the core analysis of Toyota Kirloskar Motor Corporation's supply chain risk management. It examines Toyota's risk management philosophy, SCOR model implementation, key internal risks, historical analysis, risk assessment, impact of these risks, and the developed mitigation plan. This section moves beyond theory into the practical application of the SCOR model within a specific case study, presenting a detailed analysis of risk identification, evaluation, and mitigation. The chapter integrates various data sources and analytical techniques to provide a comprehensive understanding of the risk landscape.
6. FINDINGS AND DISCUSSIONS: This chapter synthesizes the findings from the analysis. It discusses the vulnerability of the supply chain, highlighting the importance of various stakeholders in risk management and the performance metrics used to track efficiency and resilience. This chapter connects the research findings to the broader literature, drawing implications from the case study and discussing the practical value of the research for supply chain risk management in similar contexts.
7. CONTRIBUTIONS: This chapter will likely detail the original contributions of the research to the field of supply chain risk management and the use of the SCOR model. (No summary available as requested)
8. LIMITATIONS: This chapter will likely discuss limitations of the study, such as limitations in data accessibility or generalizability. (No summary available as requested)
Schlüsselwörter (Keywords)
Supply chain risk management, SCOR model, risk assessment, Toyota Kirloskar Motor Corporation, Kanban system, Value at Risk (VaR), risk mitigation, stakeholder analysis, performance metrics, supply chain vulnerability.
Frequently Asked Questions: Supply Chain Risk Management at Toyota Kirloskar Motor Corporation
What is the main topic of this document?
This document is a comprehensive preview of a research study analyzing supply chain risk management at Toyota Kirloskar Motor Corporation (TKM). It uses the Supply Chain Operations Reference (SCOR) model to assess and mitigate risks within TKM's supply chain.
What are the key themes explored in this research?
The key themes include the application of the SCOR model for supply chain risk assessment, identification of key risk factors within TKM's supply chain, analysis of risk mitigation strategies, the importance of stakeholders in supply chain risk management, and the evaluation of relevant performance metrics within the SCOR framework.
What methodology was used in this research?
The research employed a mixed-methods approach, combining exploratory research, literature reviews, qualitative and quantitative research methods, primary and secondary data collection, and case analysis focusing on TKM.
How is the SCOR model utilized in this study?
The SCOR model serves as the primary framework for assessing and managing supply chain risks at TKM. The study examines all levels of the SCOR model (Plan, Source, Make, Deliver, Return; Planning, Execution, Enable; and Process-Element levels) and analyzes relevant performance attributes and metrics.
What specific risks were identified within TKM's supply chain?
The study identifies key internal risks at TKM, analyzing their historical context, assessing their impact, and proposing risk mitigation strategies. While the specific risks aren't detailed in this preview, the analysis includes a historical overview and a detailed risk assessment.
What is the significance of stakeholders in TKM's supply chain risk management?
The research emphasizes the crucial role of stakeholders throughout the supply chain in effective risk management. The analysis explores how different stakeholders contribute to risk identification, assessment, and mitigation.
What performance metrics are evaluated in this research?
The study evaluates performance metrics relevant to the SCOR model framework to measure the efficiency and resilience of TKM's supply chain in the face of identified risks.
What are the key findings and contributions of this research?
This preview does not include the detailed findings and contributions of the research. However, the full study is expected to contribute original insights into supply chain risk management and the practical application of the SCOR model.
What are the limitations of this research?
The limitations of the research are not detailed in this preview, but the full study is expected to address any such limitations.
What are the key chapters covered in this document?
The document includes previews of chapters covering Introduction, Company Background (including the Kanban system), Literature Review (extensive coverage of supply chain management, risk, and the SCOR model), Research Design, Analysis (focusing on TKM's risk management), Findings and Discussions, Contributions, and Limitations.
What keywords are associated with this research?
Keywords include: Supply chain risk management, SCOR model, risk assessment, Toyota Kirloskar Motor Corporation, Kanban system, Value at Risk (VaR), risk mitigation, stakeholder analysis, performance metrics, supply chain vulnerability.
- Quote paper
- Murali Mg (Author), 2014, A study on the SCOR model for assessing risks in a supply chain, Munich, GRIN Verlag, https://www.grin.com/document/280991
