A Longitudinal Study of Supply Chain Risk Management Relative to COSO’s Enterprise Risk Management Framework

Abstract

This longitudinal study used paired survey responses gathered over a two year period to identify supplychain risk management (SCRM) strategies and to frame the findings within the context of TheCommittee of Sponsoring Organizations (COSO) ERM framework. The research found an increasingrecognition of the need for ERM and SCRM, but integration of strategies, capabilities and resources islacking. Respondents indicated an increased use of hedging, approved supplier lists, supplier financialanalysis, supplier performance monitoring and information gathering to manage supply chain risks.The COSO ERM framework provides a foundation for supply managers to raise awareness of the needfor SCRM, and to integrate and execute SCRM.