Supply Chain Risk Management
By: Yan • Essay • 260 Words • May 19, 2010 • 1,359 Views
Supply Chain Risk Management
MGT 650
Term Paper
Risks Associated with Supply Chain Management
I. Introduction
Companies face a myriad of risks throughout their supply chain. To properly manage these risks, companies must be able to clearly identify them in order to accurately manage and mitigate their impact. Broadly defined, risks can be divided into two general categories: general risks, which are faced by most companies regardless
of the nature of the industry in which they operate or the nature of the goods or products they offer on the market, and industry-specific risks, which vary according to the industry in which a company operates. The following is a survey of the types of risks that can be classified within these two broad categories and some methods by which companies can help mitigate or avoid such risks. Lastly, an analysis of both types of risks will be applied to a real-world case scenario.
II.