Integrated Purchasing - Risk Strategies and Methods for Volatile Buying Markets (IP-RISK)
Type
applied research project
Start Date
01 January 2014
End Date
30 June 2015
Status
completed
Keywords
supply chain risk
supply risk
price risk
Description
Beschaffungspreisrisiken industrieller Inputfaktoren (Rohmaterialien, Halb-/Fertigzeuge, Betriebs- und Hilfsstoffe) haben einen zunehmenden Einfluss auf den wirtschaftlichen Erfolg und die Geschäftskontinuität von produzierenden Unternehmen. Ziel des Projektes ist es, einen ganzheitlichen Ansatz zum effektiven und kontinuierlichen Management von Marktpreisrisiken für produzierende Unternehmen zu entwickeln sowie Handlungsempfehlungen für die Praxis abzuleiten.
Digging Deeper into Supply Risk : A Systematic Literature Review on Price Risks
2014,
Fischl, Maria,
Scherrer-Rathje, Maike,
Friedli, Thomas
Purpose-Risks related to the purchase prices of industrial consumption factors (raw materials, semi-finished/finished goods, auxiliary materials, and operating materials) exert an increasing influence on manufacturing companies' business continuity and economic sustainability. The aim of this paper is both to provide an overview of existing knowledge pertaining to the management of price risks in manufacturing companies from an operations management (OM) perspective and to establish an agenda for future research.
Design/methodology/approach-A systematic literature review was conducted following the literature search approach of vom Brocke et al. (2009). In total, 138 relevant articles were identified, analysed, and synthesised.
Findings-The literature review reveals that the existing OM literature devotes little attention to price risks and their management in manufacturing companies. In particular, further empirical investigation is required to support decisionmaking in various risk contexts.
Social implications-This paper emphasises that in addition to existing national resource funds and inter-company alliances, alternative concepts are required to secure both stable prices and access to natural resources. Otherwise, in the future, small- and medium-sized companies, along with companies based in countries lacking available resource funds, will not have an opportunity to engage in fair competition.
Originality/value-To the best of the authors' knowledge, this is the first literature review to focus on price as a specific supply risk.