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About Global Supply Chain Risk
Global supply chain risk management (SCRM) involves identifying and mitigating risks that can disrupt supply chains. There are two main approaches - proactive, which focuses on continuous information gathering to prevent future risks, and reactive, which emphasizes fortifying supply chains to handle inevitable uncertainties. The appropriate approach depends on an assessment of supply chain stability. Larger corporations with less stable, longer supply chains are better suited for proactive SCRM, while smaller corporations with more stable, shorter supply chains can effectively use reactive SCRM at lower cost. Effective SCRM requires comprehensive supplier data to categorize stability and customize the appropriate risk management model.
Detailed Information
| Author: | ['Division of Global Affairs'] |
|---|---|
| Publication Year: | 2010 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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