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Supply Chain Risk Management

In: Managing Towards Supply Chain Maturity

Author

Listed:
  • Grazyna Wieteska

    (University of Lodz)

Abstract

Supply chain risk management (SCRM) is based on the same methodology as enterprise risk management (ERM). It presents risk management as a process composed of a number of stages (AIRMIC/ALARM/ IRM: 2002; COSO 2004; HM Treasury 2004; ISO 31000:2009; Fraser and Simkins 2010, p. 103): 1. threat identification (related to objectives, values); 2. risk measurement (probability and consequences of an event); 3. risk evaluation (identification of its acceptability); 4. risk treatment (making a decision on how to influence the risk); 5. risk monitoring and control.

Suggested Citation

  • Grazyna Wieteska, 2013. "Supply Chain Risk Management," Palgrave Macmillan Books, in: Maciej Szymczak (ed.), Managing Towards Supply Chain Maturity, chapter 5, pages 133-159, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-35966-7_6
    DOI: 10.1057/9781137359667_6
    as

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