Strategic SCM

Implementing supply chain risk management strategies can help an enterprise ....

• Operate more efficiently

• Operate more efficiently

• Reduce costs,

• All of above

•Demand Risk is an.

• External Risk

• InternaL Risk

Not implementing proper cyber security policies and controls to protect against cyber-attacks and data breaches ........ is an example of

• External Risks

• Internal Risks

Risk Ranking Matrix is based on following dimensions

• Probability of risk

• Severity of consequences

• Probability of Safety

• All of these

................. strategy involves "Accepting the risk without immediate action"

• Treat

• Tolerate

• Terminate

• Transfer

- Canceling a project due to regulatory challenges., is an example of ............. type of mitigation strategy

• Treat

• Tolerate

• Transfer

• Terminate

When Risk is too large to bear internally and you have to Shift the risk to a third party. What strategy would you use

• Treat

• Terminate

• Transfer

• Tolerate

When the risk is manageable with mitigation strategiesand you can Reduce the risk’s likelihood or impact through proactive steps.

• Tolerate

• Treat

• Terminate

• Transfer

Financial Risk is an example of

• Internal Risk

• External Risk

Supply chain risk management (SCRM) is the process .......................... the risks of an organization’s supply chain

• identifying

• assessing

• mitigating

• enhancing