Strengthening Supply Chain Risk Management in SMEs: A Contemporary Conceptual Framework

Abstract

Small and medium-sized enterprises (SMEs) are particularly vulnerable to supply chain risks due to limited resources and operational constraints. Existing supply chain risk management (SCRM) frameworks, largely developed for large enterprises, provide limited guidance for SMEs. This study develops a capability-based conceptual framework that links key SME supply chain risks to three resilience-building capabilities: operational flexibility, demand management, and disruption preparedness. Grounded in the Resource-Based View (RBV), Dynamic Capabilities Theory (DCT), and Contingency Theory (CT), the framework explains how SMEs can embed resilience into everyday managerial practices through low-cost and feasible routines. The study offers SMEs specific conceptual insights and a foundation for future empirical research on supply chain resilience.