Author(s)

Taimin Ding ¹, Qiang Liu ¹, Xueping Li ¹, Ming Liu ¹

Affiliation(s)

¹ School of Economics and Management, Liaoning University of Technology, Jinzhou, Liaoning, 121001, China

Corresponding Author

Xueping Li

ABSTRACT

Supply chain quality risk has gone through three stages, namely quality inspection risk, statistical quality risk and overall quality risk, and quality risk covers the entire supply chain. The formation of supply chain quality risk is to organize a complete supply chain by organizing individual links such as the quality risk of raw materials provided by suppliers in each link of the supply chain, the product quality risk of production plants and the quality risk of raw materials and product logistics, and when one of these links is overloaded, it will lead to cascading failure. Therefore, this paper classifies and analyzes the influencing factors of supply chain quality cascade failure, starting from the factors that can lead to quality, starting from the quality of suppliers, the quality of raw materials provided by suppliers, human causes, quality inspection system and environment, etc., analyzing the impact of these factors on the cascade failure of the entire supply chain quality risk, and putting forward some countermeasures and suggestions that can improve the quality risk level of the supply chain and reduce the cascade failure phenomenon according to the influencing factors. As a result, supply chain quality risks cascade failures in the market are becoming less and less.

KEYWORDS

Supply chain, quality risks, cascade failure, influencing factors

CITE THIS PAPER

Taimin Ding, Qiang Liu, Xueping Li, Ming Liu, Influencing Factors of Cascading Failures of Supply Chain Quality Risks. Financial Engineering and Risk Management (2023) Vol. 6: 41-46. DOI: http://dx.doi.org/10.23977/ferm.2023.060307.

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