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Question 410 - CSCP discussion

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The four risks of supply chain risk management are supply, demand,:

A.
quality, and process.
Answers
A.
quality, and process.
B.
value, and sustainability.
Answers
B.
value, and sustainability.
C.
process, and environmental.
Answers
C.
process, and environmental.
D.
value, and environmental.
Answers
D.
value, and environmental.
Suggested answer: C

Explanation:

Supply chain risk management typically addresses four main types of risks: supply risks, demand risks, process risks, and environmental risks. Supply risks pertain to disruptions in the supply of materials or components. Demand risks involve fluctuations or uncertainties in customer demand. Process risks are related to internal operations and processes, such as production or logistics failures. Environmental risks encompass external factors, such as natural disasters, regulatory changes, or economic shifts. These categories help organizations comprehensively identify and manage potential disruptions throughout the supply chain.

Reference: Tang, C. S. (2006). 'Perspectives in supply chain risk management.' International Journal of Production Economics.

asked 16/09/2024
sidra gray
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