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.
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 language | English |
|---|---|
| Pages (from-to) | 2-21 |
| Number of pages | 20 |
| Journal | International Journal of Operations & Production Management |
| Volume | 38 |
| Issue number | 1 |
| Early online date | 21 Dec 2017 |
| DOIs | |
| Publication status | Published - 2018 |
Keywords
- Supply Chain Innovation
- Robustness
- Resilience
- Competitive Advantage
- Supply Chain Risk Management
ASJC Scopus subject areas
- Business, Management and Accounting(all)
