Answered: How do we manage supply chain risks?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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How do we manage supply chain risks?

Expert Solution

Supply chain risks:

Supply chain is the structure of resources, actions, and establishments working together so that the products and goods can be moved among the producer and the consumer in a continuous manner. The following are the risks of supply chain:

Cyber attacks
Environmental risks
Economic instability
Extreme weather conditions
Transportation delays
Natural disasters

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