Reference no: EM133500396
Problem: Issues to Consider in Assessing Transportation Risks Essay
Organizations can reduce threats to the continuing efficiency and effectiveness of their transportation operations through a process of risk management. Despite best efforts to reduce risks, most cannot be eliminated, and disruptions may occur. Business continuity planning focuses on dealing with and recovering quickly from these disruption episodes.
Transportation managers must be proactive in developing specific action plans and procedural changes to address supply chain risks. Risk mitigation options include risk avoidance, reduction, transfer, or retention. Risk is a never-ending challenge. Organizations must establish a repetitive, measurable, verifiable risk monitoring process to remain focused on existing and emerging transportation disruptions.
This case study in Chapter 10 examines transportation and the risk involved concerning their delivery capabilities. You are to read this case study and answer the four questions. When answering these questions, you are expected to use strategies and concepts within your required reading material. You will properly research to add an additional dimension to the top of your textbook readings to properly answer each of these questions.
Question A. What issues should Litchee take into consideration in her assessment of transportation risks for RIoT Runners?
Question B. Analyze each carrier option that Rasgen presented. What specific risks does each carrier present?
Question C. Which carrier would you recommend that Litchee choose to best balance company goals with transportation and supply chain risks?
Question D. How can Litchee minimize the potential for in-transit product theft?