ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following would be examples of risk management in a supply chain?
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Employee error
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Weather wipes out the orange crop
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Government adds to the Clean Air Act requiring companies to make modifications to their factories
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All of the above
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Explanation:
Detailed explanation-1: -Supply Chain Risk Management (SCRM) is the process of identifying, assessing, and mitigating the risks of an organization’s supply chain. Implementing global supply chain risk management strategies can help an enterprise operate more efficiently, reduce costs, and enhance customer service.
Detailed explanation-2: -Examples of supply chain activities can include designing, farming, manufacturing, packaging, or transporting.
There is 1 question to complete.