Risk Management Frameworks in Healthcare Supply Chains: A Comprehensive Review

International Journal of Mechanical Engineering
© 2024 by SSRG - IJME Journal
Volume 11 Issue 10
Year of Publication : 2024
Authors : Gajanan T. Padmane, Sachin A. Meshram, Rohit P. Sarode
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How to Cite?

Gajanan T. Padmane, Sachin A. Meshram, Rohit P. Sarode, "Risk Management Frameworks in Healthcare Supply Chains: A Comprehensive Review," SSRG International Journal of Mechanical Engineering, vol. 11,  no. 10, pp. 96-108, 2024. Crossref, https://doi.org/10.14445/23488360/IJME-V11I10P109

Abstract:

This comprehensive review examines risk management frameworks—structured methodologies designed to identify, assess, mitigate, and monitor potential disruptions—within healthcare supply chains, which are networks responsible for the acquisition and distribution of essential medical supplies and services crucial to patient care. The review emphasizes the critical role of these frameworks in maintaining the resilience and efficiency of healthcare operations amidst growing global complexities. It begins with an overview of the inherent risks in healthcare supply chains, which have been exacerbated by factors such as globalization and the recent COVID-19 pandemic. Highlighting the complexity of these supply chains, which involve diverse stakeholders and vital supplies, the paper delves into internal and external risk factors, including operational inefficiencies, inventory mismanagement, regulatory changes, market volatility, and natural disasters. Additionally, it explores the SCRM network, focusing on processes like risk identification, analysis, mitigation, and monitoring. The review contrasts risk management practices in developed and developing countries, illustrating disparities in capabilities and outcomes due to infrastructural and resource limitations. Concluding with an analysis of key risk factors and their implications, the paper calls for a strategic, technology-enhanced approach to risk management, underscoring the importance of collaboration and technological advancements to safeguard healthcare supply chain resilience.

Keywords:

SCRM, Risk Control, Risk Analysis, HCRM, HCSCM.

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