Identifying potential disruptions and appropriate responses can be accomplished by which risk management activity?
A) Increasing safety stocks/forward buying
B) Developing a formal risk management program
C) Diversifying the supply base
D) Utilizing a supply chain IT system

Question

Quizplus · Accepted Answer

Developing a formal risk management program involves identifying potential disruptions and appropriate responses, as well as implementing strategies to mitigate or manage those risks. The other options listed may be components of a risk management program, but they do not directly address the activity of identifying potential disruptions and appropriate responses.

Identifying Potential Disruptions and Appropriate Responses Can Be Accomplished by Which