SCRM (Supply Chain Risk Management)

Supply Chain Risk Management (SCRM) involves identifying, assessing, and mitigating potential risks that could disrupt the flow of goods and services in a supply chain. These risks can include natural disasters, economic fluctuations, supplier issues, or geopolitical events. SCRM helps businesses develop strategies to minimize disruptions, ensuring they can deliver products to customers reliably. By understanding these risks and planning accordingly, companies can protect their operations, maintain customer satisfaction, and ultimately enhance their resilience in a dynamic marketplace.