Advancement on enterprise risk management and supply chain performance

Abstract

The Supply chain enterprise risk management and culture are the objectives of every company. However, supply development as vulnerability affects the proper handling of enterprise risks. This affects Supply Chain Performance (SCP) among citizens and stakeholders. In order to eliminate failure and create benefits, enterprise risk management demands accurate measurement. Companies in the United Arab Emirates (UAE) have become more vulnerable to an increasing number of supply chain threats, but curiously most of them have not taken actions to institutionalize a risk culture to create risk-aware mindset in their employees. Data were collected using selected databases, specifically Springer, Scopus, Science Direct, and Google Scholar. The aim of this research is to propose an advancement of enterprise risk management (ERM) and SCP using a survey approach in order to fill gaps in knowledge. The contribution will benefit UAE manufacturing companies, especially for ERM and SCP effectiveness and Government. Also, salient factors useful to ERM and SCP for handling RMC are identified.