QUANTIZATION OF RISKS INVOLVED IN SUPPLY OF READY MIX CONCRETE IN CONSTRUCTION INDUSTRY IN INDIAN SCENARIO

In today's business environment, the coordination of just-in-time (JIT) production and transportation is one of the most challenging aspects to ensure timely delivery of materials to distributed customers. Several risk factors make JIT supply chains more vulnerable and methods for analysing and understanding supply chain risks are still needed in construction. This paper describes the implementation of failure mode, effects, and criticality analysis (FMECA) tool and discrete event simulation to assess supply chain risks, identify vulnerabilities, and measure the impact of disruptions of a ready-mix concrete supply chain. Interviews with concrete batch plant managers and current demand, production, and delivery performance data served as input for analysis. We provided a systematic method that can be used by concrete suppliers to improve planning and delivery of ready-mix concrete. Different mitigation strategies were suggested based on our findings.