Advanced SearchSearch Tips
An Application of ERM to Risk Management in the Logistics: A Case
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
An Application of ERM to Risk Management in the Logistics: A Case
Park, Tae-Ho; Lim, Seung-Min; Kim, Jae-Bong;
  PDF(new window)
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.

COSO (Committee of Sponsoring Organizations of the Treadway Commission)(2004), Enterprise Risk Management - Integrated Framework.

Miccolis, J. A., Hively, K. and Merkly, B. W.(2001), Enterprise risk management: Trends and emerging practices. Florida: The Institute of Internal Auditors Research.

New, S. J. and Payne, P.(1995), "Research Frameworks in Logistics: Three Models, Seven Dinners and A Survey," International Journal of Physical Distribution and Logistics Management, 25 (10), 60-77. crossref(new window)

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

Raz, T. and Hillson, D.(2005), "A Comparative Review of Risk Management Standards," Risk Management: An International Journal, 7(4), 53-66.

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