Open AccessA Cutting-Edge Approach to Risk Management Framework: Upswing Customs Administration
Author(s) -
Agung Endika Satyadini,
Abdul Basir,
Adi Barata
Publication year - 2019
Publication title -
journal of management research
Language(s) - English
Resource type - Journals
ISSN - 1941-899X
DOI - 10.5296/jmr.v12i1.16011
Subject(s) - business , risk management , context (archaeology) , administration (probate law) , trade facilitation , control (management) , risk control , value (mathematics) , risk analysis (engineering) , operations management , international trade , economics , computer science , finance , trade barrier , political science , management , geography , law , archaeology , machine learning
It is worth observing that in the context of customs administration, risk management plays a crucial role in coordinating activities to direct and control risk that help customs officials for addressing the problem of limited resources, increased trade volume, and the need for prompt clearance. However, it is also worth highlighting that customs risk management framework needs to be dynamically improved to meet the changes in global value chain. This study analyzed the successful experiences in area of risk management, as well as important international documents, recommended by World Customs Organization and proposed a cutting-edge approach of customs risk management framework, in accordance with the importance of risk management in the process of trade facilitation and customs procedures.