CONSTRUCTION SUPPLY CHAIN RISK MANAGEMENT: A CASE STUDY

Abstract

Managing supply chains involves not only the delivery of commodities but also the consideration of the disruption caused by various forms of uncertainty. Consequently, in order to follow a risk reduction strategy, supply chain management needs to start with risk analysis and appraisal. The grey relational analysis is a decision-making method that considers many attributes and is utilized in this article. In construction supply chain management, fifteen experts from a sample construction business in Kunming were consulted to validate three essential risk factors and fourteen sub-risk factors that were obtained from the literature. Following that, a group of five decision-makers from a sample construction project participated in the evaluation of five different suppliers of steel material. Based on the significant risk variables of time, cost, and quality, the outcome demonstrated that a regional supplier, B2, delivers superior performance compared to other rivals. The GRA procedure demonstrated that it is a straightforward method that can be implemented in actual reality. Another recommendation made by the study was to consider two specified factors with caution.

-