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Supply Chain Risk Management within the Context of COSO¡¯s Enterprise Risk Management Framework

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  • Sime Curkovic
  • Thomas Scannell
  • Bret Wagner
  • Mike Vitek

Abstract

- Supply chain risk management (SCRM) is an integral part of enterprise risk management (ERM).? This research focuses on the structure, implementation, and maintenance of a formal SCRM system and how such a system may be integrated with ERM.? The ERM framework proposed by The Committee of Sponsoring Organizations (COSO) of the Treadway Commission (COSO, 2004) is used to examine such integration.? Data from 46 firms were analyzed to identify which factors affect the decision to develop an SCRM system and how these factors can influence the level of ERM and SCRM success.? It was found that explicitly linking SCRM with ERM will more readily advance research regarding these important issues and support supply managers in their efforts to develop SCRM strategies, garner the necessary resources, and execute SCRM at their firms.Key Words- Supply, Supply Chain Risk Management (SCRM), Enterprise Risk Management (ERM), COSO

Suggested Citation

  • Sime Curkovic & Thomas Scannell & Bret Wagner & Mike Vitek, 2013. "Supply Chain Risk Management within the Context of COSO¡¯s Enterprise Risk Management Framework," Journal of Business Administration Research, Journal of Business Administration Research, Sciedu Press, vol. 2(1), pages 15-28, April.
    • Handle: RePEc:jfr:jbar11:v:2:y:2013:i:1:p:15-28
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    References listed on IDEAS

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    1. ManMohan S. Sodhi & Christopher S. Tang, 2012. "Supply Chain Risk Management," International Series in Operations Research & Management Science, in: Managing Supply Chain Risk, edition 127, chapter 0, pages 3-11, Springer.
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    5. Charles Smithson & Betty J. Simkins, 2005. "Does Risk Management Add Value? A Survey of the Evidence," Journal of Applied Corporate Finance, Morgan Stanley, vol. 17(3), pages 8-17, June.
    6. ManMohan S. Sodhi & Christopher S. Tang, 2012. "Managing Supply Chain Risk," International Series in Operations Research and Management Science, Springer, edition 127, number 978-1-4614-3238-8, December.
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    Cited by:

    1. Paul Souma Kanti & Riaz Sadia & Das Suchismita, 2022. "Artificial intelligence adoption in supply chain risk management: Scale development and validation," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 12(2), pages 15-32.
    2. Kizito Elijah Kanyoma & James Kamwachale Khomba & Eric James Sankhulani & Rabiya Hanif, 2013. "Sourcing Strategy and Supply Chain Risk Management in the Healthcare Sector: A Case Study of Malawi¡¯s Public Healthcare Delivery Supply Chain," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 4(3), pages 16-26, August.
    3. Mehadi Mamun, 2023. "Supply Chain Risk Management in a Digital Era: Evidence from SMEs of Clothing Retailers in Australia," JRFM, MDPI, vol. 16(4), pages 1-11, April.
    4. Juan-Pierré BRUWER & Luyolo SIWANGAZA, 2016. "Is the Control Environment a Basis for Customised Risk Management Initiatives in South African Small, Medium and Micro Enterprises?," Expert Journal of Business and Management, Sprint Investify, vol. 4(2), pages 105-117.
    5. Panos Kouvelis & Rong Li, 2019. "Integrated Risk Management for Newsvendors with Value-at-Risk Constraints," Manufacturing & Service Operations Management, INFORMS, vol. 21(4), pages 816-832, October.
    6. Juan-Pierré BRUWER & Luyolo SIWANGAZA & Yolandé SMIT, 2018. "Loss Control and Loss Control Strategies in SMMEs Operating in a Developing Country: A Literature Review," Expert Journal of Business and Management, Sprint Investify, vol. 6(1), pages 1-11.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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