Procedia CIRP · 2021 · 17 citations · 14 references
ManagementRisk ManagementSupply Chain ManagementRisk AnalysisSupplier Relationship ManagementSupply Chain Risk ManagementRisk MitigationRisk-based Decision MakingSourcing Risk ManagementSupplier Risk ManagementSupply Chain DigitalizationSupply Chain DigitizationHuman-aided Decision MakingHuman-automation Decision MakingSupplier Maturity ModelsSupplier Relationship MaturitySupplier Relationship Risk ManagementSupplier Risk Decision-makingSupplier Risk Management MaturitySupplier Risk Management Systems
Over the past years, supply chains have become more complex, widespread, and interlinked – in particular, due to increasing digitalization. Nevertheless, companies face substantial maturity differences regarding the implementation of digitalization technologies, which causes several risks for buyer-supplier relationships (BSRs). Managing these risks within BSRs requires human decision-making in various steps. However, research shows that human decisions are often biased which can negatively affect risk management. We contribute to this issue by combining a systematic literature review on I4.0 maturity in BSRs and cognitive biases with practice insights from discussions with experts to derive first guidelines for supplier risk management, considering I4.0 maturity differences.
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Judgment under Uncertainty: Heuristics and Biases
Amos Tversky, Daniel Kahneman · Science · 1974 · 28K citations