The Textbook Lists the Following Activities as Supply Chain Risk

question 38

Essay

The textbook lists the following activities as Supply Chain Risk Management activities:
a.Increasing safety stock and forward buying
b.Identify backup suppliers and logistics services
c.Diversify the supply base
d.Utilize a supply chain IT system
e.Develop a formal risk management program
For each also provide the downside of utilizing that particular strategy.

Understand the functions and significance of order cycles in supply chain and business operations.

Comprehend the process of developing a customer relationship management (CRM) system, including initial planning, gathering customer information, and subsequent steps.

Recognize the importance of trust in customer relationships and identify measures to secure customer personal data.

Understand the basic concepts of how memories are formed and stored in the brain.

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Definitions:

Selective Active Transport

The process by which cells selectively move molecules from one side of a membrane to the other, requiring the use of energy, usually in the form of ATP.

Dialysis

A medical procedure that removes waste products and excess fluid from the blood when the kidneys are not functioning properly.

Artificial Kidneys

Medical devices designed to replicate the function of natural kidneys by removing waste and excess substances from the blood of patients with renal failure.

Glomerular Capsule

Part of the nephron in the kidney, a cup-like sac surrounding the glomerulus, which filters blood to form urine.