Mitigating Risk Propensity in Healthcare Service Supply Chain: A Theoretical Background

Abstract

Comparatively both traditional manufacturing supply chain networks and service supply chain network faces multiple uncertainties that affects the growth, sustainability and performance of each particular network. Despite the significant hurdles that risk posses to business entities and its activities there have been relatively larger amount of studies considering this phenomenon in traditional manufacturing supply chain network as compared with service supply chain network. Due to this limitation or gap in the body of literature the study examines this phenomenon from a theoretical approach to outline relevant prepositions that can be tested empirical in further research. The theoretical preposition stated provides a clear direction to guide further research into risk management in healthcare service supply chain network.

Keywords: risk propensity, risk mitigation, competitive advantage, collective risk management