June 2015
Intermediate to advanced
261 pages
7h 36m
English
Content preview from Managing Supply Chain Risk
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69
4
Integration of ISO 31000:2009
and Supply Chain Risk Management
INTRODUCTION
Enterprise risk management (ERM) is a critical component of busi-
ness strategy (Hoyt & Liebenberg 2011). Despite ERM’s importance,
ERM implementation is limited (Beasley, Clune, & Hermanson 2005).
e International Organization for Standardization (ISO) released ISO
31000:2009 Risk Management Principles to provide ERM implementation
guidance (ISO 2009).
A key component of ERM is supply chain risk management (SCRM)
(Hauser 2003; VanderBok, Sauter, Bryan, & Horan 2007). A well- designed,
risk- oriented supply chain provides a strong competitive position and reli-
able l ...
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