Managing Uncertainty Essay
Thun, Druke, Hoenig (2011). Managing uncertainty, an empirical analysis of supply chain risk management in small and medium sized enterprises. International Journal of Production Research, Vol. 49, No. 18, 15 September 2011, 5511 – 5525.
In the past years, a fairly new research area has emerged on the supply chain management scene and has gained considerable attention from both academics and practitioners: Supply chain risk management. Thun, Druke, and Hoenig set out to empirically investigate, supply chain risk management in small to medium sized companies. By analyzing data from 67 various German automotive manufacturing plants, the authors seek to identify the key drivers of …show more content…
Evaluation of the Usefulness of the Above Operations Management/Decision Science Techniques
For the first hypothesis, the analysis showed that it must be rejected. While some small to medium sized enterprises do regard their supply chain as more vulnerable (Possibly due to a higher dependence on large OEM’s and weaker cash flows), the larger company’s do not regard their supply chain as any less vulnerable.
The second hypothesis also had to be rejected due to the analysis showing that there was no real significance between small the medium sized enterprises and large