Abstract:
Supply Chain Risk Management (SCRM) indices/matrices/models are ideal tools
that help companies evaluate their current risk mitigation capabilities and thus
prepare for proactive actions. Though there has been considerable growth in
SCRM research, comprehensive literature reviews specifically focusing on
methods used to develop SCRM indices/matrices/models were not available.
Hence, this paper is sought to review the literature on available methods for
developing SCRM indices/matrices/models and to identify their limitations. A
review was conducted on a three-stage systematic search through sourcing,
screening, and analysis to achieve these objectives. First, the search string was
identified, was searched in multiple databases under sourcing and retrieved 477
articles. Next, under the article screening, they were further screened thrice based
on the titles, keywords, references, and duplicate results and ended up with 17
journal articles and 3 conference papers. These 20 papers were taken for the final
stage of the reviewing and analysis. The findings of this review were mainly
classified based on their applications. The limitations of the existing SCRM
matrices and the literature gaps that create the avenues for future research were
identified. This research has significant implications as it recaps recent literature
on the topic into one place, and improves the practitioners’ awareness of useful
SCRM indices.
