Evaluation of risk management status for Croatian logistic operators

• Main Authors: Diana BOŽIĆ, Kristijan ROGIĆ, Ratko STANKOVIĆ
• Format: Article
• Language: English
• Published: Silesian University of Technology 2010-01-01
• Series: Transport Problems
• Subjects: risk assessment; risk management; supply chain; logistic operators; quality
• Online Access: http://transportproblems.polsl.pl/pl/Archiwum/2010/zeszyt3/2010t5z3_09.pdf

Understanding organisational risks makes possible to control them and to change them into organisational strengths. Being known as “measure of uncertainty” in the business process, the risk is the uncertainty of achieving the organizational objectives. It may involve positive or negative consequences. There is a level of uncertainty in every supply chain while operating transportation and warehousing, positioning on the market, developing customer support, reducing cycle times or cutting costs. Therefore, the risk assessment should be one of the main tasks for any supply chain management team. It is required to develop formal risk assessment procedures, to identify the potential impacts to the supply chain operations and to develop a set of contingency plans to mitigate risks. This paper deals with supply chain risk assessment methodology, outlining the present risk management status of Croatian logistic operators.