A Fuzzy Inference System for Supply Chain Risk Management

Abstract

Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events. In the last decade risk management has become a vital part of supply chain management. The risk sources of supply chain are identified in five areas namely: transport/distribution, manufacturing, order cycle, warehousing, and procurement. The aim of the study is to build a supply chain risk measurement system using Fuzzy Inference Systems (FIS).