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 AJIBM  Vol.3 No.4 , August 2013
Integration of ISO 31000:2009 and Supply Chain Risk Management
Abstract: Supply chain risk management (SCRM) can provide companies with a long-term competitive advantage, particularly if it is integrated with enterprise risk management (ERM). Current SCRM research frameworks do not explicitly examine this integration, potentially hindering a deeper understanding of SCRM. This research uses survey data and follow-up interviews to suggest that ISO 31000:2009 provides a foundation for advancing future SCRM research, and to more successfully execute SCRM. It is also determined that ISO 31000:2009 encompasses existing SCRM frameworks, but is more exhaustive. It includes two critical steps generally omitted from SCRM frameworks: 1) developing a strategic context for SCRM, and 2) performance monitoring. Finally, it was found that firms recognize the importance of SCRM, but SCRM integration and skills are lacking.
Cite this paper: Scannell, T. , Curkovic, S. and Wagner, B. (2013) Integration of ISO 31000:2009 and Supply Chain Risk Management. American Journal of Industrial and Business Management, 3, 367-377. doi: 10.4236/ajibm.2013.34043.
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