Supply Chain Risk Management SCRM

Supply chain risk management (SCRM) is based on the same methodology as enterprise risk management (ERM). it presents risk management as a process composed of a number of stages (AIRMIC/ALARM/ IRM 2002 COSO 2004 HM Treasury 2004 ISO 31000 2009 Fraser and Simkins 2010, p. 103) ... 

Supply chain risk management (SCRM) is supported by two concepts with supply chain security management (SCSM) and the business continuity management (BCM). All three concepts - i.e. SCRM, SCSM and BCM -are based on risk analysis and constitute a comprehensive approach to the assessment of, reducing of and response to various threats to supply chains (Wieteska 2012b). 

SMEs are often affected disproportionately by supply chain risks. As second or third tier suppliers, in mat r supply chains they have to shoulder a significant size of the risk bnrden which is pushed upstream in the supply chain by the other parties. In a large project on SCV conducted in England in the time between 2000 and 2003, interviews with managing directors of 15 SMEs revealed that the requirements of SMEs for SCRM approaches differ substantially from those of larger businesses (Cranfield University 2003). 

Undoubtedly, risk management requires top executives and operational staff to have considerable expertise in supply chain management. Therefore, the prerequisite elements for effective SCRM include... 

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