Question.5204 - How do frameworks provide a frame of reference to assist in risk mitigation? What is the role of GRC? What is the role of the International Standards Organization in framework standards?
Answer Below:
In Supply Chain Risk Management: An Emerging Discipline, Chapter 9 highlights how frameworks provide structure and consistency to the often-complex ta...
In xxxxxx Chain xxxx Management xx Emerging xxxxxxxxxx Chapter xxxxxxxxxx how xxxxxxxxxx provide xxxxxxxxx and xxxxxxxxxxx to xxx often-complex xxxx of xxxx identification xxxxxxxxxx and xxxxxxxxxx A xxxxxxxxx is x frame xx reference xxxx organizations xxx apply xxxxxxxxxxxxxx rather xxxx relying xx temporary xxxxxxxxxx approaches xxx organizations xxxxxxxxxx create xxxxx by xxxxxxxx processes xxxxxxxxxx responsibilities xxx setting x commonly xxxxxx upon xxxxxxxxxx to xxxxxx risk xxxxxxxxx a xxxxxxxxx allows xxxxxxxxx to xxxxxxxx risks xxxxxxxxx operational xxxxxxxxxx reputational xxx to xxxxxx how xxxxxx these xxxx affect xxxxxxxxxx along xxxx ways xx prevent xxxx avoidance xxxxxxxx reduction xx acceptance xxxx orderly xxxxxxxx is xxxxxxx in xxxxxxxxxxxx common xxxxxx for xxxxxxxxxxxxx across xxxxxxxxxx teams xxx aids xxxxxxxxxx in xxxxxxxxxxxxx better xxxxxxxxxxxxxxx Frameworks xxxx underpin xxxxxxxxxxxx and xxxxxxxxxx improvement xxxxxxx the xxxxxxxxxx of xxxxxxx against xxxxx support xxx improvement xxx be xxxxxxxxx over xxxx However xxxxxxxxxx where xx concerns xxxxxx chains xxxx translates xxxxxx financial xxxxxxxxxxx geopolitical xxxxxxxxxxxxx and xxxxxxxxxxxxx domains xxx having xx structured xxxxxxxxx would xxx an xxxxxxxxxx at xxxx of xxxxxxx critical xxxxxxxxxxxxxxx or xxxxxxxxxxxxx resources xxxxxxxx Henke xxxxxxxxx governance xxxxx and xxxxxxxxxx generally xxxx firms xx aligning xxx entire xxxxxxxxx to xxx strategic xxxxxxxxxxxxxx goals xxx explains xxxxxxxxxx risk xxxxxxxxxx so xx to xxxxx setting xxxx management xxxxxxxxxx in x silo xxx to xxxxxxx them xxxx governance xxxxxxxxxx and xxxxxxxxxx obligations xxx is xxxx about xxxxxxxx these xxxxxxx in xxx supply xxxxx so xxxx they xxxxxxx ethical xxxxxxxxxx and xxxxxxxxxxx requirements xxx instance x GRC-supported xxxx management xxxxxxxxx may xxxxxxx supplier xxxxxx with xxxxxxxxx health xxxxxxxxxx and xxxxxxxxxxxxx evaluations xxxx one xxxxxxxx This xxxxxxxxx ensures xxxx risk xxxxxxxxxx is xxx a xxxxxxxx measure xxx part xx the xxxxxxxxxxxxxx grander xxxxxxxx and xxxxxxx Racz xx al xxx greatly xxxxxxxxxxx to xxxxxxx an xxxxxxxxxxx recognized xxx of xxxxxxxxx in xxxxx of xxxx type xx framework xxx instance xxxx also xxxx under xxx ambit xx ISO xxxxx is xx arrangement xx principles xxx guidelines xxx the xxxxxxxxxx of xxxx across xxx sectors xx achieve x generally xxxxxxxx level xx uniformity xxxxxx borders xxx across xxxxxxxxxx risk xxxxxxxxxx must xx re-planned xx an xxxxxxxx aspect xx organizational xxxxxxxxxxxxxx top-down xxxxxxxxx planning xx the xxxxx operations xx businesses xxxx is xxxxxxxxx for xxxxxx supply xxxxxx functioning xxxxx different xxxxxxxxxxxxx The xxxxxxxx of xxx frameworks xxx benchmarking xxxxxxx organizations xx demonstrate xxxxx alignment xx best xxxxxxxxx as xxxx as xx evidence xxxxx due xxxxxxxxx with xxx stakeholders xxx enhance xxxxxxxxxx ISO xxxxxxxxx such xx ISO xxxxxxx specificity xxxx respect xx enhancing xxxxxx chain xxxxxxxx in xxxxxxxx threats xx cargo xxxxx piracy xxx terrorism xxx Thus xxx framework xx GRC-ISO xxxxxxxxxxx denotes x larger xxxxx of xxxxxx supply xxxxx risk xxxxxxxxxx from x reactive xxxxxxxxx activity xxxx a xxxxxxxx holistic xxx standardized xxxxxxxxxx Frameworks xxxxxxx an xxxxxxxx structure xx the xxxxxxxxxxxx GRC xxxxxxxxxx risk xxxxxxxxxx with xxxxxxxxxx and xxxxxxxxxx whereas xxx provides x framework xxx international xxxx practice xxxxxxxxxxxxx can xxx only xx manage xxxx but xxxx to xxxxxxx resilience xxxxxxx and xxxxx within xxx supply xxxxxxxx by xxxxxxxxx a xxxxxxxxxx framework xx makes xxxxx operations xxxx accountable xxx transparent xxxxx they xxx retain xxxxxxxxxxx advantage xx a xxxxxxx evolving xxxxxx marketplace xxx a xxxxxx period xxxxxxxxxxxxxxxxxxxxxxx Organization xxx Standardization xxx ISO xxxxxxxxxxxxx for xxxxxxxx management xxxxxxx for xxx supply xxxxx Retrieved xxxx https xxx iso xxx Racz x Weippl x Seufert x A xxxxx of xxxxxxxxx for xxxxxxxx of xxxxxxxxxx Governance xxxx and xxxxxxxxxx GRC xxxxxxxxxxxxxx and xxxxxxxxxx Security xxxxx doi xxx - x - x Zsidisin x A xxxxx M xxxxxx Chain xxxx Management xx Emerging xxxxxxxxxx Springer xxxxx doi xxx - x - x
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