Enterprise Risk Management in Supply Chains

David L. Olson and Desheng Dash Wu
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David L. Olson: University of Nebraska
Desheng Dash Wu: Stockholm University

Chapter 1 in Enterprise Risk Management Models, 2017, pp 1-15 from Springer

Abstract: Abstract Enterprise risk management began focusing on financial factors. After the corporate scandals in the U.S. in the early 2000s, accounting aspects grew in importance. This chapter discusses models applied to risk management in the context of supply chain management and related disciplines. In recognition of its growing importance to supply chain management environmental risk issues are also discussed. A representative risk framework based on the work of Ritchie and Brindley is used as a beginning framework. It begins by identify causes (drivers) of risk, and influencers within the organization. Those responsible for decision making are identified, and a process outlined where risks, responses, and measures of outcomes are included. A process of risk identification, assessment, strategy development and selection, implementation and monitoring is reviewed. Representative mitigation strategies were extracted from published sources.

Keywords: Supply Chain; Risk Management; Supply Chain Management; Global Supply Chain; Interpretive Structural Modeling (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-662-53785-5_1

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DOI: 10.1007/978-3-662-53785-5_1

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