Question
How can I reply to the following peer post? Hello Class, Organizations should focus on supply chain risk management for many reason. Supply chain risk
How can I reply to the following peer post?
Hello Class,
Organizations should focus on supply chain risk management for many reason. Supply chain risk management can be utilized as a protection and preventive measure to a variety of risk within the supply chain. The risk management will allow for organization to have essential function that recognize when the integrity of the company has been compromised, threaten or vulnerable. The risk management system has the advantage to identify, address and eliminate a potential threat to a company. Risk assessments are performed daily to use a strategy to against the business being taken advantage of or becoming exposed to harms way. There are many risk among the supply chain, for it's sustainability rules, regulation and procedures must be implemented. Which are the disciplines that comes along with the supply chain risks management system. Due to the transportation of high value goods and services, and the number of products that are constantly being transferred through differently lines of transit. Risk management is implemented for the preparation, preventives and respond to events that puts the supply chain at risk. Natural disaster is one of many scenarios where the supply chain is at risk. Stopping the movement of goods from reaching its destination can cause a major disruption. The will ultimately put strain on businesses and consumers depending on the way anyone seem to look at the situation. A greater situation is stolen products, in transit there could be be shipments that are worth millions of dollars. If intercepted by criminals, it could be definitely fatal to a brand within the supply chain industry.
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