Supply Chain Risk Management Essay

(MLOM 700, Operations and Supply Chain Strategy)

Individual Assignment

Table of Contents
Introduction 2
Review of Literature 2
Risk in General. 3
Supply Chain Risk Management (SCRM)................................................................................4
Various Theories/Models in Supply Chain Risk Management..................................................5
Summary and Conclusions: 11
Referances 12

Introduction Supply Chain Risk Management (SCRM) denotes the identification of likely sources of risk as well as the implementation of suitable strategies through a synchronized approach among supply chain parties, to condense supply chain susceptibility to potential risks. SCRM has of late gathered increasing

The model contains 5 assembles and 6 relationships as shown in above. The researchers investigate on the effect of risk identification on risk estimation which is put ahead’s to have a positive significant effect on risk mitigation. Risk mitigation just a directly participates to risk performance, for the reason that only risk mitigation behavior can straight reduce the regularity and the effect of real risk incidents on the operations of a corporation.
Summary and Conclusions:
Organizations are urged to establish and implement proper SCRM so as to address all potential vulnerabilities that might emerge in the course of operation. In the context of SCRM, organizations are urged to apply risk management process that includes risk identification, risk measurement, risk assessment, risk evaluation as well as risk control and monitoring. Basically, SCRM demands proper identification of likely sources of risk as well as the implementation of suitable strategies through a synchronized approach among supply chain parties, to condense supply chain susceptibility to potential risks. Addressing all the risks associated with the supply chain demands proper scrutiny of the business processes, indulgence of all parties, and acting proactively to potential

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