Summarize risk management strategies used in global supply

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Reference no: EM132564997

LO 1: Evaluate the role of uncertainty in global supply chains

LO 2: Summarize risk management strategies used in global supply chains

Prompt:
Every risk mitigation strategy addresses different types of risk and comes at a price but may also increase other risks. Provide an example of this and the effects this may have on mitigating risks and cost structures. How and when might this best be addressed by a company? In addition to reading your assigned resources for week 6, research online definitions for types of supply chain risks.

Instructions: Your initial reply to the forum question should be posted no later than Thursday midnight and should include a minimum of 275 words. Additionally, you are to respond to a minimum of two fellow students with a posting containing over 150 words. Your original post should incorporate concepts and materials that you have researched and learned this week. Please include a minimum of one attribute for an internet resource to support your findings in addition to a citation from your textbook. These postings are research based and should be based on what you learned in addition to your own experiences and insights. Opinions are allowed, however they should not constitute the majority of the initial forum posting. Please note that for all Forum postings where an author is quoted or paraphrased, an attribution to the source or sources should be placed at the bottom of the forum posting.

Reference no: EM132564997

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