_____ can be defined as how supply chain members communicate and collaborate regarding sources of risk, utilizing risk management tools to mitigate and minimize risk and uncertainty across the supply chain.
A) PERT/CPM
B) Scenario analysis
C) Hedging
D) SCRM
E) None of the above.

Question

Quizplus · Accepted Answer

SCRM (Supply Chain Risk Management) is the approach used to identify, evaluate, and mitigate the risk associated with the supply chain. It involves communication and collaboration between supply chain partners to minimize the impact of risks on the supply chain. PERT/CPM and scenario analysis are project management tools. Hedging is a financial risk management strategy. None of these options specifically address risk management in the supply chain.

_____ Can Be Defined as How Supply Chain Members Communicate