Risk analysis in the precast concrete industry supply chain

Abstract

Supply chain management (SCM) is a concept and strategic step that is currently widely used by small and medium industries to increase their productivity. Risk analysis in the supply chain is an important issue, because often companies are not aware of the risks until the risks emerge and become a problem for the company. The research results show that supply chain risk management in the precast concrete industry can be carried out based on the level of risk, namely by accepting risk, mitigating risk, sharing risk, and avoiding risk. Risk management at a critical level is included in risk avoidance, where risks cannot be avoided so extraordinary handling must be carried out, immediately and as quickly as possible in order to minimize the impact of greater risks. The risk categories that emerge are included in the risk management group of accepting risk, mitigating risk, and sharing risk where risk management is still considered easier for companies to handle.