Risk Management in Modern Dairy
Timilsina, Umesh (2013)
Satakunnan ammattikorkeakoulu
2013
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201402162346
https://urn.fi/URN:NBN:fi:amk-201402162346
Tiivistelmä
The purpose of this thesis was to study the supply chain process of Modern dairy. The objectives were to find out the risks that are involved in the process. After the identification of the risks, the motive was to analyse and evaluate the risks and to find the solutions to treat the risks.
The theoretical model for the thesis was based on the seven stages of Risk management Model from Paul Hopkins. This model of Risk management describes the process of risk identification and risk handling.
The research for the thesis was carried on the basis of qualitative approach. The interviews were conducted with several personnel’s. Similarly field visit and telephone interview were also conducted to understand the unclear findings of the outcomes of research.
The thesis had various outcomes. Firstly, the study about the case company (Modern Dairy) was studied. Then supply chain of Modern dairy was understood and the problems associated with the supply chain were figured out. Finally all the risks were identified and analysed based on the theory and the possible suggestions and recommendation were provided to the company.
The results indicate that the company is in the early stage of the progress and needs proper guidance for handling the risks. The company has a great need of risk manager and risk management model. Also it is necessary for the company to have a risk manager and train its staffs. Furthermore, finding some alternative logistics route and modern technology will benefit the company’s profitability in future.
The theoretical model for the thesis was based on the seven stages of Risk management Model from Paul Hopkins. This model of Risk management describes the process of risk identification and risk handling.
The research for the thesis was carried on the basis of qualitative approach. The interviews were conducted with several personnel’s. Similarly field visit and telephone interview were also conducted to understand the unclear findings of the outcomes of research.
The thesis had various outcomes. Firstly, the study about the case company (Modern Dairy) was studied. Then supply chain of Modern dairy was understood and the problems associated with the supply chain were figured out. Finally all the risks were identified and analysed based on the theory and the possible suggestions and recommendation were provided to the company.
The results indicate that the company is in the early stage of the progress and needs proper guidance for handling the risks. The company has a great need of risk manager and risk management model. Also it is necessary for the company to have a risk manager and train its staffs. Furthermore, finding some alternative logistics route and modern technology will benefit the company’s profitability in future.