Importance Of Risk Management In Supply Chain Management
Sammer Kumar, Katie J. Himes and Collin P.Kritzer states that it is very important to any organization for estimating risk related with their supply chain management, therefore, solutions and approach are helpful to manage risk. Tang (2006) defined that natural disaster not only the damage to a supply chain, some examples of human activities such as wars, labor strikes and so on that has effect to supply chain. Poor management system also will influence the flow of supply chain in an organization if the same supplier can have was shut down their organization due to a natural disaster such as floods. Organization could not control the occurrence of natural disasters. Because of supplier lack of financial support and was to close operation, therefore the destruction can be critical and serious on an organization’s supply chain. Therefore, an organization must plan solution and strategy to manage and control their risks which can reduce the negative impact of disruptions.
Although global supply chain organization contain a lot of opportunities to gain and increase the benefits of return of investment, but we can observe that risks could not be escaped
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We also observed from this paper that traditional risk strategies are shorter sufficient and efficient to trade with this modern business environment. Zsidisin et al. (2000) claimed that risk management is a process non-stop that includes long-term dedication of all supply chain member. Communication, gathering, and evaluation of information are involved by ongoing risk assessment which can assist in improving proper risk management strategies. Hence, it is helpful to analyze that there are appearance of risks with these new supply chain
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Lego Simulation In Supply Chain Management
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Business Environment Affecting Target Corporation
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Importance Of Risk Management In Health Care
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13 Project Management Plan
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Supply Chain Management In The Boeing Company
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The Role Of Stakeholders In Supply Chain Management
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