When a supply-related risk exists,the supply management team should:

Question

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When a supply-related risk exists, the supply management team should identify and classify the risks, assess the possible impact, develop a mitigation strategy, inform the chief supply officer, await instructions, and implement the directive. This comprehensive approach allows for a systematic approach to managing the risk and ensures that all relevant parties are informed and involved in the mitigation process. Option B and C are not as effective since they do not involve a clear plan and communication with senior management. Option D puts too much emphasis on implementing senior management's strategy without considering the unique risks and challenges that the supply management team may identify through their assessment.

When a Supply-Related Risk Exists,the Supply Management Team Should