Enterprise Risk Management Programs Help Target Root Causes, Not Just Symptoms
By: CFO February 28, 2014
As companies develop business relationships around the world into more complex supply chains, protecting these essential links from disruption is becoming harder to manage.
Thus a growing number of organizations are developing enterprise risk management (ERM) frameworks and other holistic risk management approaches in response to an increasingly uncertain global business environment. Developing ERM programs make it easier for companies to focus on the root causes rather than on the symptoms of disruption in their business operations and thus prevent such disruptions over the long term. Via such approaches, companies can actively anticipate, track, and manage the various types of risks in their supply chain.