Abstract—The challenge to business organizations today is to mitigate that risk through creating more resilient
supply chains. The motives behind organizations turning towards risk management approaches
being the global competition, change in technology, and the continuous contention for competitive
advantage. A simple approach for viewing supply chain risk management focuses on two
fundamental aspects are probability of event actually occurring, impact of the event on supply
chain and subsequently overall business. In this research the AHP concepts in manufacturing
supply chain should be studied with perfection which is the need of the hour as manufacturing
supply chain is becoming less vertically integrated and the manufacturer is focusing on its core
competency. Therefore, a structured, simple and efficient proposed decision framework is proposed
and has the ability to show the direction to determine the degree of impact level of each CRF. The
degree of impact level of each CRF of the firm will give idea for optimally allocating the efforts to
gain maximum benefit. This Research thus attempts to identify risk factors pertaining to supply
chain management in context to Indian manufacturing organizations. A case situation is elucidated
in order to reinforce the salient features of the proposed framework. The results indicate that the
industrial risk and then product risk have got the highest impact on successful implementation of
SC. In this, we present and explain concepts, insights, practical tools, and decision support systems
important for the effective management of the supply chain
Index Terms—Management, Risk, Certainty, Decision, Organization
Cite: Shishir Patel, Shahzad Ahmad and Praveen K Yadav, "Comparative Analysis to Minimize the Various Risk Factors in SCM," International Journal of Mechanical Engineering and Robotics Research, Vol. 3, No. 3, pp. 777-791, July 2014.