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Supply Chain Risk Management Strategy Research

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Supply Chain Risk Management Strategy Research

Major:Master of Business Administration Name:Fei Nie Supervisor:Zhiyuan Fang, Assistant Professor

ABSTRACT

As the Information Technology and all kinds of automation technology applied in the industries, the enterprise efficiency had been developed to a comparable high level, inapplicable to Chinese companies. The marginal effect of manufacturing skill to improve the competitiveness had been demised. People are approaching to the supply side and total supply chain of the life-cycle product but not only the internal of the enterprise. Internationally more and more big companies are outsourcing their business but only keeping the core business. Therefore, Supply Chain Management, the safeguard of their core business, is becoming more and more critical. This paper works over the literatures relating to supply chain risk management strategy and the actual situation of Macau’ s medium-sized companies, and surveys the actual strategy deployment by the suppliers via questionnaires. Moreover, the paper brings about the practical feasible and efficient suggestions to promote the hospitality industry to mitigate the supply chain risk, and provide the supporting and backing for our internal hospitality enterprise strategy decision-making in China. The paper draws the following conclusions: First, to make sure the safety of the supply continuity, the mindset of risk should be established inside and outside of the company, which make the enterprise itself and its partners in the chain the importance of the supply risk management. Secondly, it is extremely important to set up the prevention system, which is always better than recovery with lots of resources. Last but not least, the after-risk recovery strategy is also critical as the first two strategies (mindset and prevention)