Risk Management in Logistics: A Case Study at State Mining Corporation Limited (SMCL), Phuntshothang

Abstract

Logistics risk management is essential for ensuring the efficient functioning of organizations, particularly in industries such as mining where the transportation of goods is critical. This study focuses on State Mining Corporations Limited (SMCL) in Bhutan, examining the organization’s logistics risks and evaluating the effectiveness of its current risk management practices. Through surveys and data analysis, the study identifies potential vulnerabilities, assesses the impact of these risks, and proposes effective mitigation strategies. Key findings include the identification and categorization of logisticsrisks, evaluation of risk management practices, and the involvement of relevant stakeholders. The study underscores the importance of taking proactive measures in logistics risk management and highlights the need for continuous improvement in risk mitigationstrategies. By implementing these recommendations, the company can enhance its ability to identify and categorize logistics risks, implement proactive measures to mitigate transportation equipment breakdowns and develop contingency plans for weather-related disruptions.