Supply Chain Risk Management involves several activities to reduce supply chain risk including _________ and _____________.Fill in the blanks correctly.

Question

Quizplus · Accepted Answer

Risk mitigation and contingency planning are the two key activities involved in supply chain risk management. Risk mitigation involves identifying potential risks and taking actions to reduce or eliminate them, while contingency planning involves preparing for the possibility of a disruption and developing a plan to quickly respond and recover from it. Both of these activities are crucial for reducing supply chain risk and ensuring business continuity. Option D, therefore, is the correct option.

Supply Chain Risk Management Involves Several Activities to Reduce Supply