Supply chain risk identification with value‐focused process engineering

Abstract Together with numerous benefits that were brought about by the transition from the silo enterprise perspective towards the process‐based supply chain view of contemporary business, new sources of risk appeared due to the complex systemic nature of the supply chains. The need to reduce the increased level of supply chain vulnerability has been identified as a key research issue in the domain of supply chain management. In this paper, a novel value‐focused process engineering methodology for process‐based supply chain risk identification is proposed with the aim to increase value to supply chain members and supply chain as a whole. The proposed methodology is illustrated with a generic supply chain scenario example.