Investigation of Supply Chain Risk Management Implementation in Canadian Construction Industry

ABSTRACT: In today‟s world, construction industry in known to be associated with high and critical risk factors. The industry is also known for being a fragmented, low productive, conflicted industry, which is mostly associated with time or cost overruns. Considering these properties, the riskiness of this sector becomes more critical. On the other hand, if the huge amount of investment in the industry is well-thought-out, employing solution techniques, to overcome the problems and cope with the risks, seems to be crucial. Bearing this in mind, supply chain management is nowadays well known for being an innovative method, providing new solutions to the problems, specifically in construction industry. Supply chain management is known to be an innovative method of resolving these issues, especially that if the substantial amount of investment in the industry, in a country like Canada is considered, which also can indicate the industry‟s riskiness level. It is even more crucial, as the risks are associated with supply chain implementation, which affects the success or failure of the projects. Admittedly, implementation of supply chain risk management, even in a developed country like Canada, demands progress and a day-by-day more extensive structure. Having all these ideas in mind, this research study has been done, focusing on supply chain management implementation in Canadian construction industry. The research was conducted through a checklist and a questionnaire survey.A hierarchical structure, to identify risks, based on previous studies was prepared. The identified risks were assessed by means of probability and impact matrix, which is a popular qualitative method, to assess the risks and prioritize them for further analysis. In the last stage, as the high risks were determined, suitable responses to cope with each of them, in the case of their occurrence, were proposed. Keywords: Canadian construction industry, supply chain, supply chain management, risk factor, risk management. …………………………………………………………………………………………………………………………