Explain effectively manage supply risks, Operation Management

Assignment Help:

To effectively manage supply risks, the supply manager must: inform the corporate risk officer of a potential risk, await instructions, and implement the directive. Seek input from senior executives in other functional areas, propose a risk mitigation plan, and await instructions from senior management. Identify and classify risks, assess the potential impact, and develop a risk mitigation strategy. Review the commodity strategy, revise it as needed, and implement the strategy revision. Confer with the organization's management consultant, provide all requested data, and implement the consultant's plan.


Related Discussions:- Explain effectively manage supply risks

Explain the logistics manager of the future, Thinking back upon this course...

Thinking back upon this course's content, please discuss the authors' assertion: "The logistics manager of the future will be much more of a change leader and much less of a techni

Describe what is the chocolate raw material safety stock, Christian runs a ...

Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 poun

Explain bebts, Champ Sports Corporation buys the assets of Delta Athletic C...

Champ Sports Corporation buys the assets of Delta Athletic Corporation. Champ continues Delta's business and retains the same personnel. Is Champ liable for Delta's debts?

Explain what is the stocks required rate of return, GD inc has preferred st...

GD inc has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stocks required rate of return? Show wor

Explain what are the primary pruposes of holding inventory, The key points ...

The key points in Chapter 12 (Chapter 13) tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.

Outline suggestions for stimulate strategic entrepreneurship, As the invest...

As the investment community watches to see if Blockbuster will be able to sustain a double-digit growth rate under the new direction, the CEO is reviewing his actions as the strate

Calculate seasonal index for summer, The number of visitors at a theme park...

The number of visitors at a theme park by season and year has been recorded and is given in the following table- Quarter 2003 2004 2005 2006 Winter 48 51 43 18 Spring 55

What are few of the advantages in having a diverse workforce, Scenario Y...

Scenario You work for a large financial institution that in the past ten years has developed new products and services that appeal to a very diverse customer base located throug

Explain major organizational characteristics, How would you go about analyz...

How would you go about analyzing an organizational structure in terms of creating a work breakdown structure? What are the major organizational characteristics that you would evalu

Explain investment economically acceptable, Orangemen Lofts plans to add 30...

Orangemen Lofts plans to add 300 luxury apartments to its complex in Cohoes. The cost of the land now is $16 million including taxes and fees. The construction cost is expected to

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd