Risk Management Maturity Model for Logistic Processes

• Published in: Sustainability 2021-01, Vol.13 (2), p.659
• Main Authors: Tubis, Agnieszka A., Werbińska-Wojciechowska, Sylwia
• Format: Article
• Language: English
• Subjects: Competitive advantage; Cooperation; Decision making; Diagnostic software; Diagnostic systems; Enterprise risk management; Logistics; Market positioning; Maturity; Risk assessment; Risk management; Strategy; Supply chains; Sustainability
• ISSN: 2071-1050; 2071-1050
• DOI: 10.3390/su13020659

Recently, the maturity models for risk management are attracting growing attention. The obtained maturity level defines an assessment of an organization’s management competence. Therefore, as a set of various tools and practices, the maturity model is critical for a company’s overall risk maintenance strategy development and implementation. Thus, the purpose of this article is to present a model for risk management maturity for logistic processes. We investigated the main defined assessment areas for risk maturity model implementation in logistic systems. Based on research findings, we introduced a new risk maturity assessment area based on participation in the supply chain—cooperation at risk. The proposed model constitutes the base for a two-stage assessment method implementation, where the global maturity index is introduced. Finally, we implement the proposed two-stage assessment method to verify the proposed model’s diagnostic function and determine its labor intensity. The study confirmed that the five defined maturity areas (knowledge, risk assessment, process risk management, cooperation at risk, and risk monitoring) provide a complex diagnostic tool for risk maturity level identification and, based on the obtained results, allows to define an appropriate development strategy for a given decision-making environment.