What is Supply Chain Risk Management ? Meaning, Definition, and Example

2024-12-23 0


Supply Chain Risk Management involves identifying, assessing, and mitigating potential risks that could disrupt the flow of goods and services within a supply chain.

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It starts with supply chain risk analysis, which helps organizations pinpoint vulnerabilities and potential threats. Through supply chain risk assessment, companies evaluate the likelihood and impact of these risks, allowing them to prioritize their response strategies.

Effective risk management in the supply chain ensures that businesses can reduce disruptions, enhance resilience, and maintain continuity in operations despite unforeseen challenges.

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