This paper reviews enterprise risk management practices in the context of supply chains. Starting with the importance of managing supply chain risks, the paper established the benefits of managing risks using an enterprise-wise integrated approach. The rest of the paper then presents a practical framework for enterprises to manage risks in their extended supply chains. This paper reviews enterprise risk management practices in the context of supply chains. The paper established the benefits of managing risks using an enterprise-wise integrated approach. The rest of the paper then presents a practical framework. for enterprises to manage risks in their extended supply chains.