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Can Projects on Blockchain Reduce Risks in Supply Chain Management?: An Oil Company Case Study
IIM Kozhikode Society & Management Review ( IF 1.8 ) Pub Date : 2020-06-14 , DOI: 10.1177/2277975220913370
Anil Kumar Vishnubhotla 1 , Rupesh Kumar Pati 2 , Sidhartha S. Padhi 2
Affiliation  

Increase in competition and the strategic move of enhanced outsourcing has made supply chain more complex. Various applications and software solutions are available to better manage this complexity. It has been observed that often such initiatives may not provide the excepted benefits. It has also been reported that an unclear understanding of business needs (including perceived risks) is the main reason of supply chain failure. The present study attempts to capture enterprise level supply chain risk in an oil company (case company) in India and explore if perception of a decision maker favours use of blockchain technology project to reduce the supply chain risk. The study adopts the following methodology: in-depth semi-structured interviews and structured survey was carried out with the top management of the case company to identify various enterprise level risks for supply chain management (SCM) projects which were subsequently clustered under Operations, Finance, Human Resources, and Strategic Business Risk categories. Inputs on the probability of occurrence and impacts of the identified risks on the enterprise-wide supply chain was mapped on the risk severity matrix (heat map) to prioritize the risks. Subsequently, the second round of questionnaire was developed and a similar survey carried out again with the same sample show the change in risk perception due to potential application of blockchain technology. Interesting insights could be gained from the practitioner’s perspective on the value contribution of using blockchain for improving management of SCM risks. It could be observed that a number of the high priority risk (in the initial scenario) could now be eliminated or managed due to specific characteristics of blockchain.. One of the major limitations of the present study is the lack of generalizability of the insights as it is based exclusively on the perspective of the case company towards the blockchain.



中文翻译:

区块链项目能否降低供应链管理中的风险?:一家石油公司案例研究

竞争加剧和加强外包的战略举措使供应链更加复杂。可以使用各种应用程序和软件解决方案来更好地管理这种复杂性。已经观察到,此类举措通常可能无法提供例外的利益。还据报道,对业务需求(包括感知到的风险)的不清楚理解是供应链故障的主要原因。本研究试图捕获印度一家石油公司(案例公司)的企业级供应链风险,并探讨决策者的看法是否赞成使用区块链技术项目来降低供应链风险。该研究采用以下方法:与案例公司的最高管理层进行了深入的半结构化访谈和结构化调查,以确定供应链管理(SCM)项目的各种企业级风险,这些风险随后归类为运营,财务,人力资源和战略业务风险类别。在风险严重性矩阵(热图)上映射有关已识别风险对企业范围供应链的发生概率和影响的输入,以对风险进行优先级排序。随后,开发了第二轮问卷调查,并使用相同的样本再次进行了类似的调查,结果表明由于区块链技术的潜在应用而导致的风险感知发生了变化。从从业者的角度可以得到有趣的见解,了解使用区块链改善SCM风险管理的价值贡献。可以观察到,由于区块链的特定特征,许多高优先级风险(在初始情况下)现在可以被消除或管理。本研究的主要限制之一是缺乏洞察力的普遍性,因为它完全基于案例公司对区块链的观点。

更新日期:2020-06-14
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