Technological Disaster Prevention: Technological Risks Assessment Process on High Technological Risk Supply Chain Activities
Technological risks approach silently and yet deadly. Once overlooked, technological disaster incident may occur- asset damage or even losses of human life. Negative impact of technological disaster may lead to organization supply chain toward disruption as organization facilities and labor force been impacted. Based on the circumstances, it is time to establish a technological risk assessment process to identify and assess technological risks along high technological supply chain activities. One of the largest petroleum organizations “Organization P” has been selected to investigate how the company assesses technological risks on supply chain activities and the technological risk factors that contain in each supply chain activities. A series of interview was conducted to collect respondent’s answer, while collected data were analyzed qualitatively. As conclusion, organization P obtained great achievement on technological disaster prevention as risk assessment process been enforces to assess risks on each supply chain activities. The technological risk assessment process contributes on preventing supply chain disruption while the identified technological risks demonstrated the high technological risk supply chain which contains double types of risks.
K. B. Hendricks and V. R. Singhal, Supply Chain Disruptions Corporate Performance. In: H. Gurnani, A. Mehrotra and S. Ray (eds), Supply Chain Disruptions. London: Springer, 2012.
M. S. Sodhi and C. S. Tang, Managing Supply Chain Risk (International Series in Operations Research & Management Science). New York: Springer, 2012.
L. T. Ostrom and C. A. Wilhelmsen, Risk Assessment: Tools, Techniques and Their Applications. New Jersey: John Wiley & Sons, 2012.
B. A. Kildow, A Supply Chain Management Guide to Business Continuity. New York: Amacom, 2011.
M. Christopher, Logistics & Supply Chain Management. London: Pearson, 2011.
T. Wu and J. V. Blackhurst, Managing Supply Chain Risk and Vulnerability: Tools and Methods for Supply Chain Decision Makers. London: Springer, 2009.
H. Stadtler, C. Kilger, and H. Meyr, Supply Chain Management and Advanced Planning. Berlin: Springer, 2015.
D. Bogataj and M. Bogataj, “Measuring the Supply Chain Risk and Vulnerability in Frequency Space”, International Journal Production Economics, vol. 108, no. 1-2, pp. 291-301, 2007.
J. Li, J. Chen, and S. Wang, Risk Management of Supply and Cash Flows in Supply Chains, vol. 165. New York: Springer, 2011.
T. Shu, S. Chen, K. K. Lai, X. Zhang and S. Wang, Managing Risk of Supply Chain Disruptions (Routledge Advances in Risk Management). New York: Routledge, 2014.
I. Manuj and J. T. Mentzer, “Global Supply Chain Risk Management”, Journal of business logistics, vol. 29, no. 1, pp. 133–155, 2008.
C. Tang and B. Tomlin, “The Power of Flexibility for Mitigating Supply Chain Risks”, International Journal Production Economics, vol. 116, no. 1, pp. 12-27, 2008.
M. S. Sodhi and S. Lee, “An Analysis of Source of Risk in the Consumer Electronics Industry”, Journal of the Operational Research Society, vol. 58, no. 11, pp. 1430-1439, 2007.
S. Anderson, and M. Felici, “Emerging Technological Risk”, in Emerging Technological Risk, London, 2012, pp. 119-126.
G. Grimvall, Å. Holmgren, P. Jacobsson and T. Thedéen, Risks in Technological Systems. London: Springer, 2009.
W. M. Evan and M. Manion, Minding the Machines: Preventing Technological Disasters. New Jersey: Prentice Hall Professional, 2002.
R. I. Moraru, Current Trends and Future Developments in Occupational Health and Safety Risk Management in Risk Management for the Future: Theory and Cases, J. Emblemsvag, ed., Croatia, 2012.
A. Borghesi and B. Gaudenzi, Risk Management How to Assess, Transfer and Communicate Critical Risks. Verlag Mailand: Springer, 2013.
M. Rausand, Risk Assessment: Theory, Methods, and Applications, vol. 115. New Jersey: John Wiley & Sons, 2013.
M. Saunders, P. Lewis and A. Thornhill, Research Methods for Business Students, 7th ed. London: Pearson, 2016.
D. Jacoby, Optimal Supply Chain Management in Oil, Gas and Power Generation. Oklahoma: Pennwell, 2012.
Authors who publish with this journal agree to the following terms:
- Authors transfer copyright to the publisher as part of a journal publishing agreement with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) after the manuscript is accepted, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).