Two Methods for Managing Supply Chain Risk Include Utilizing a Supply

question 30

True/False

Two methods for managing supply chain risk include utilizing a supply chain IT system and identifying backup suppliers.

---

Definitions:

Credit Report

A document that contains a detailed history of an individual's or company's credit activities and current credit situation.

Risk Assessment

The identification, evaluation, and estimation of the levels of risks involved in a situation, followed by the coordination of resources to minimize, monitor, and control the probability or impact of unfortunate events.

Turnover Delineation

The process of defining and categorizing the turnover rates within a company or organization to understand how often assets or staff are being replaced.