Investigating the relationship between supply chain innovation, risk management capabilities and competitive advantage in global supply chains

Dong-Wook Kwak, Young-Joon Seo, Robert Mason

Research output: Contribution to journalArticle

17 Citations (Scopus)
309 Downloads (Pure)

Abstract

This study aims to propose and validate a theoretical model to investigate whether supply chain innovation positively affects risk management capabilities, such as robustness and resilience in global supply chain operations, and to examine how these capabilities may improve competitive advantage.
A theoretical model was developed from extant studies and assessed through the development of a large-scale questionnaire survey conducted with South Korean manufacturers and logistics intermediaries involved in global supply chain operations. The data were analysed using confirmatory factor analysis (CFA) and structural equation modelling (SEM) to validate the suggested model.
It was found that innovative supply chains have a discernible positive influence on all dimensions of risk management capability, which in turn has a significant impact on enhancing competitive advantage. Therefore, this work provides evidence for the importance of supply chain innovation and risk management capability in supporting competitive advantage.
This study contributes to providing an empirical understanding of the strategic retention of supply chain innovation and risk management capabilities in the supply chain management (SCM) discipline. Further, it confirms and expands existing theories about innovation and competitive advantage.
The finding provides firm grounds for managerial decisions on investment in technology innovation and process innovation
This research is the first of its kind to empirically validate the relationships between supply chain innovation, risk management capabilities and competitive advantage.
Original languageEnglish
Pages (from-to)2-21
Number of pages20
JournalInternational Journal of Operations & Production Management
Volume38
Issue number1
Early online date21 Dec 2017
DOIs
Publication statusPublished - 2018

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Risk management
Supply chains
Innovation
Supply chain management
Factor analysis
Global supply chain
Supply chain relationships
Management capability
Competitive advantage
Logistics
Supply chain
Innovation management

Keywords

  • Supply Chain Innovation
  • Robustness
  • Resilience
  • Competitive Advantage
  • Supply Chain Risk Management

ASJC Scopus subject areas

  • Business, Management and Accounting(all)

Cite this

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abstract = "This study aims to propose and validate a theoretical model to investigate whether supply chain innovation positively affects risk management capabilities, such as robustness and resilience in global supply chain operations, and to examine how these capabilities may improve competitive advantage.A theoretical model was developed from extant studies and assessed through the development of a large-scale questionnaire survey conducted with South Korean manufacturers and logistics intermediaries involved in global supply chain operations. The data were analysed using confirmatory factor analysis (CFA) and structural equation modelling (SEM) to validate the suggested model.It was found that innovative supply chains have a discernible positive influence on all dimensions of risk management capability, which in turn has a significant impact on enhancing competitive advantage. Therefore, this work provides evidence for the importance of supply chain innovation and risk management capability in supporting competitive advantage.This study contributes to providing an empirical understanding of the strategic retention of supply chain innovation and risk management capabilities in the supply chain management (SCM) discipline. Further, it confirms and expands existing theories about innovation and competitive advantage.The finding provides firm grounds for managerial decisions on investment in technology innovation and process innovationThis research is the first of its kind to empirically validate the relationships between supply chain innovation, risk management capabilities and competitive advantage.",
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AB - This study aims to propose and validate a theoretical model to investigate whether supply chain innovation positively affects risk management capabilities, such as robustness and resilience in global supply chain operations, and to examine how these capabilities may improve competitive advantage.A theoretical model was developed from extant studies and assessed through the development of a large-scale questionnaire survey conducted with South Korean manufacturers and logistics intermediaries involved in global supply chain operations. The data were analysed using confirmatory factor analysis (CFA) and structural equation modelling (SEM) to validate the suggested model.It was found that innovative supply chains have a discernible positive influence on all dimensions of risk management capability, which in turn has a significant impact on enhancing competitive advantage. Therefore, this work provides evidence for the importance of supply chain innovation and risk management capability in supporting competitive advantage.This study contributes to providing an empirical understanding of the strategic retention of supply chain innovation and risk management capabilities in the supply chain management (SCM) discipline. Further, it confirms and expands existing theories about innovation and competitive advantage.The finding provides firm grounds for managerial decisions on investment in technology innovation and process innovationThis research is the first of its kind to empirically validate the relationships between supply chain innovation, risk management capabilities and competitive advantage.

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