@article{(Open Science Index):https://publications.waset.org/pdf/9998425, title = {Supply Chain Risk Management (SCRM): A Simplified Alternative for Implementing SCRM for Small and Medium Enterprises}, author = {Paul W. Murray and Marco Barajas}, country = {}, institution = {}, abstract = {Recent changes in supply chains, especially globalization and collaboration, have created new risks for enterprises of all sizes. A variety of complex frameworks, often based on enterprise risk management strategies have been presented under the heading of Supply Chain Risk Management (SCRM). The literature on promotes the benefits of a robust SCRM strategy; however, implementing SCRM is difficult and resource demanding for Large Enterprises (LEs), and essentially out of reach for Small & Medium Enterprises (SMEs). This research debunks the idea that SCRM is necessary for all enterprises and instead proposes a simple and effective Vendor Selection Template (VST). Empirical testing and a survey of supply chain practitioners provide a measure of validation to the VST. The resulting VSTis a valuable contribution because is easy to use, provides practical results, and is sufficiently flexible to be universally applied to SMEs. }, journal = {International Journal of Industrial and Manufacturing Engineering}, volume = {8}, number = {3}, year = {2014}, pages = {843 - 849}, ee = {https://publications.waset.org/pdf/9998425}, url = {https://publications.waset.org/vol/87}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 87, 2014}, }