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Enterprise Risk Management in Supply Chains

In: Enterprise Risk Management Models

Author

Listed:
  • David L. Olson

    (University of Nebraska)

  • Desheng Wu

    (University of Chinese Academy of Sciences
    Stockholm University)

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.

Suggested Citation

  • David L. Olson & Desheng Wu, 2020. "Enterprise Risk Management in Supply Chains," Springer Texts in Business and Economics, in: Enterprise Risk Management Models, edition 3, chapter 1, pages 1-15, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-60608-7_1
    DOI: 10.1007/978-3-662-60608-7_1
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