Which is an example of Assessing Risk? Question 24 options: Supply chain risk is the likelihood of a disruption that would impact the ability of a company to continuously supply products or services. Disruption risks are caused by natural or manmade disasters. Supply chain coordination risks are associated with the day-to-day management of the supply chain All of the above
Which is an example of Assessing Risk?
Question 24 options:
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Supply chain risk is the likelihood of a disruption that would impact the ability of a company to continuously supply products or services. |
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Disruption risks are caused by natural or manmade disasters. |
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Supply chain coordination risks are associated with the day-to-day management of the supply chain |
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All of the above |
Assessing risk is an essential process for any organization to identify potential risks that may arise in its operations and to take measures to manage or mitigate them. Risk assessment involves evaluating the likelihood of risks occurring and the potential impact of these risks on the organization's operations, financial performance, and reputation. Through this process, organizations can take proactive steps to reduce the likelihood and potential impact of risks, making them better equipped to respond to unexpected events and challenges.
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