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.

Identify disturbances that can influence the effectiveness of the communication process and know the term used to describe them.

Recognize the role of feedback in the communication process.

Understand the elements and key players in the communication process.

Acknowledge the influence of cultural differences on communication practices.

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Definitions:

Anxiety

A state of being anxious, fretful, or troubled, usually over a looming event or an indeterminate outcome.

Immune System

The complex network of cells, tissues, and organs that protect the body against infection and disease.

Stressor

Any stimulus or event that causes stress to an organism, potentially triggering a physical or psychological response.

Gambling

The act of wagering money or goods on the outcome of an event with an uncertain result with the primary intent of winning additional resources.