To effectively manage supply risks,the supply manager must:
A) inform the corporate risk officer of a potential risk,await instructions,and implement the directive.
B) seek input from senior executives in other functional areas,propose a risk mitigation plan,and await instructions from senior management.
C) review the commodity strategy,revise it as needed,and implement the strategy revision.
D) identify and classify risks,assess the potential impact,and develop a risk mitigation strategy.
E) confer with the chief financial officer (CFO) ,provide all requested data,and implement the CFO's plan.
Correct Answer:
Verified
Q11: Normally,most organizational objectives can be summarized under
Q12: Supply strategies that are designed to exploit
Q13: If organizational objectives and supply objectives are
Q14: Linking supply strategy to corporate strategy is:
A)non-essential
Q15: The key question in strategic supply management
Q17: Assurance-of-supply strategies must consider changes in supply
Q18: Some operational risks in a supply chain
Q19: There is a growing emphasis on purchase
Q20: By identifying and eliminating the causes of
Q21: There is increased emphasis on purchase transactions
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