Economic strategic plans with supply chain risk management (SCRM) for organizational growth and development

Abstract

One of the most fascinating and important research areas in recent years is supply chain risk management (SCRM), which helps to boost customer support, high-profit revenues, and organizational growth. The main goal of this effort is to carry out a thorough case study on the top 5 businesses that use the SCRM model globally. The following reasons are why organizations use the SCRM model: risk identification and assessment, risk analysis, environmental monitoring, and risk management. The organization's SCRM is more complicated and constantly changing, and numerous teams, including those for quality, resilience, security (both cyber and physical), compliance, and sustainability, support its implementation. Additionally, a system based on Artificial Intelligence (AI) and Adaptive Logistic Regression Classifier (ALRC) is employed to determine the right choices for risk identification. They calculated the supply base throughout the risk assessment process using the intrinsic risk factors of the production, social, and environmental processes. Here, the effectiveness of organizations is evaluated in light of their success rate, resilience, and value to their customers.

Keywords

• Supply chain risk management (SCRM)
• Risk identification and handling
• Organization growth
• Environmental monitoring
• Decision making
• Business sustainability