Supply Chain Risk Management

Supply Chain Risk Management involves identifying, assessing, and mitigating risks that can disrupt the flow of goods and services from suppliers to customers. This includes potential issues like natural disasters, supplier failures, or transportation delays. By proactively managing these risks, companies can ensure a more reliable supply chain, reduce costs, and maintain customer satisfaction. Effective risk management strategies might include diversifying suppliers, improving communication, and building inventory buffers. Ultimately, it helps businesses operate smoothly, minimizes disruptions, and supports long-term success.