Business, Management and Accounting
3 years ago

Firms' Supply Chain Risks Soar as Outsourcing and Lean Practices Surge

ICTACT Journal on Management Studies
A Study on Strategic Sourcing and Supply Chain Risk Management in AVTEC Limited
K. Selvavinayagam, V. Jothi Francina, R. K. Pradeep

Paper Summary

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The article discusses how AVTEC Limited manages risks in its supply chain through strategic sourcing. The company uses tools like outsourcing and global partnerships, which can lead to supply chain risks. The study aims to understand how well AVTEC manages these risks, such as natural disasters and supplier policies. Data was collected through a questionnaire and analyzed using statistical tools like percentage analysis and correlation. The findings provide insights and recommendations to improve risk management in the supply chain.