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An Application of ERM to Risk Management in the Logistics: A Case
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 Title & Authors
An Application of ERM to Risk Management in the Logistics: A Case
Park, Tae-Ho; Lim, Seung-Min; Kim, Jae-Bong;
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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.
Logistics;Supply Chain;ERM Framework;Logistics Risk Management;Risk Processes;
 Cited by
Association of Insurance and Risk Managers (AIRMIC)(2002), ALARM (National Forum for Risk Management in the Public Sector) and Institute of Risk Management (IRM), A Risk Management Standard, London.

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Pathak, J.(2004), "A Conceptual Risk Framework for Internal Auditing in E-Commerce," Managerial Auditing Journal, 19(4), 556-564. crossref(new window)

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Standards Australia/Standards New Zealand(2004), Australian/New Zealand Standard AS/NZS 4360:2004: Risk Management. Homebush, NSW: Standards Australia/Wellington: Standards New Zealand.