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

Kwak, Dong-Wook, Seo, Young-Joon and Mason, Robert ORCID: https://orcid.org/0000-0001-9089-2521 2018. Investigating the relationship between supply chain innovation, risk management capabilities and competitive advantage in global supply chains. International Journal of Operations and Production Management 38 (1) , pp. 2-21. 10.1108/IJOPM-06-2015-0390

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Abstract

Purpose- 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. Design/methodology/approach- 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. Findings- 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. Research limitations/implications- 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. Practical implications- The finding provides firm grounds for managerial decisions on investment in technology innovation and process innovation. Originality/value- This research is the first of its kind to empirically validate the relationships between supply chain innovation, risk management capabilities and competitive advantage. Keywords: Supply Chain Innovation, Robustne

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Emerald
ISSN:	0144-3577
Date of First Compliant Deposit:	14 July 2017
Date of Acceptance:	18 April 2017
Last Modified:	18 Dec 2024 14:30
URI:	https://orca.cardiff.ac.uk/id/eprint/102420

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