Applying said activity to supply chain management

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Reference no: EM132275257

The textbook Principles Supply Chain Management A balanced approach 5th edition lists the following activities as Supply Chain Risk Management activities-

1. Increasing safety stock and forward buying

2. Identify backup suppliers and logistics services

3. Diversify the supply base

4. Utilize a supply chain IT system

5. Develop a formal risk management program

Identify and define each activity. Then, for each activity provide the downside of applying said activity to supply chain management.

Reference no: EM132275257

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