Naderpajouh, N; Hastak, M; Gokhale, S; Bayraktar, M E; Iyer, A and Arif, F (2015) Counterfeiting risk governance in the capital projects supply chain. Journal of Construction Engineering and Management, 141(3), ISSN 0733-9364
Abstract
The capital projects supply chain has proved to be vulnerable to disruption by counterfeit, fraudulent, and suspect items (CFSI). The challenges associated with CFSI are intensified considering the project-based nature of industry that involves diverse actors and a complex supply-chain structure. The aim of this research is to study governance of the risks associated with CFSI in the capital projects supply chain. First, the status of the industry regarding CFSI is updated through a multistaged survey of the industry. An analysis of the survey results underscores the lack of awareness in the construction industry about the risks associated with CFSI and highlights the need for guidelines and collaboration at the industry level. A comparative study of CFSI risks and mitigation procedures in other industries echoes these needs. Therefore, mitigation strategies and practices are explored, and a framework to govern the risk of CFSI in the capital projects supply chain is proposed. An implementation roadmap is also recommended as a two-phased collaborative approach at the construction company and industry levels based on the proposed framework.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction costs; construction materials and methods; quality control; risk management; safety; supply chain management |
| Index terms: | risk management, construction material, capital project, comparative study, construction industry, implementation, quality control, governance, construction cost, risk governance, mitigation, collaboration, survey, construction company, strategy |
| Subjects: | financial risk, management, industry analysis, data collection methods, risk assessment, business, research design and methodology, organization, contractual arrangements, strategic project management, project delivery, financial and cost management, building materials |
| Topics: | Quality Management, Organizational Design, Research Practice, Project Management, Engineering Principles, Business Strategy, Cost Management, Procurement, Governance, Risk Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here