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Supply Chain Risk Management

  • Chapter
Managing Towards Supply Chain Maturity

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. 1.

    threat identification (related to objectives, values);

  2. 2.

    risk measurement (probability and consequences of an event);

  3. 3.

    risk evaluation (identification of its acceptability);

  4. 4.

    risk treatment (making a decision on how to influence the risk);

  5. 5.

    risk monitoring and control.

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Author information

Authors and Affiliations

  1. University of Lodz, Poland

    Grazyna Wieteska (Assistant Professor of Business Administration)

Authors
  1. Grazyna Wieteska
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Editor information

Editors and Affiliations

  1. Poznań University of Economics, Poland

    Maciej Szymczak (Associate Professor of Business Administration) (Associate Professor of Business Administration)

Copyright information

© 2013 Grażyna Wieteska

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Wieteska, G. (2013). Supply Chain Risk Management. In: Szymczak, M. (eds) Managing Towards Supply Chain Maturity. Palgrave Macmillan, London. https://doi.org/10.1057/9781137359667_6

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