To effectively manage supply risks, the supply manager mustMultiple Choiceinform the corporate risk officer of a potential risk, await instructions, and implement the directive.identify and classify risks, assess and monitor the potential impact, and develop a risk mitigation strategy.seek input from senior executives in other functional areas, propose a risk mitigation plan, and await instructions from senior management.review the commodity strategy, revise it as needed, and implement the strategy revision.confer with the chief financial officer (CFO), provide all requested data, and implement the CFO’s plan.

Which category of supply chain risk results from a mismatch between a company’s projections and actual demand?Group of answer choicesSystems riskInventory riskForecast riskCapacity risk

benefit of riskpooling in supply chain management

Risk Management

Risk Management: Identifying potential risks and developing strategies to mitigate them. This helps in minimizing the impact of uncertainties on the project

Which of the following is/are the supply chain risks mitigation strategy/strategies?        I.         Assess and monitor new and existing suppliers.    II.         Reduce the dependence on single supply lines.  III.         Proactively address supply chain cyber threats. Group of answer choicesI, II & III.I & II only.I & III only.II & III only.