Publisher : Korean Institute of Navigation and Port Research
DOI : 10.5394/KINPR.2012.36.4.321
Title & Authors
An Application of ERM to Risk Management in the Logistics: A Case Park, Tae-Ho; Lim, Seung-Min; Kim, Jae-Bong;
Logistics in a supply chain network has become an important operational strategy in a competitive market. A number of internal and external risks involved in the logistics operations in a company tend to create problems in fulfilling customer orders. This research presents how ERM (enterprise risk management) can be used to identify, assess, and control logistics risks. An electronic company`s logistics activities were used as an industry case to demonstrate a way to identify and assess risks surrounding global logistics function. This paper has further presented action plans to mitigate the impact of the risks that occur.