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) identify and classify risks, assess the potential impact, and develop a risk mitigation strategy.
D) review the commodity strategy, revise it as needed, and implement the strategy revision.
E) confer with the organization's management consultant, provide all requested data, and implement the consultant's plan.
Correct Answer:
Verified
Q8: Strategic planning can be defined as:
A) how
Q9: Supply managers may be able to provide
Q10: Risks in the supply chain can be
Q11: The most fundamental question facing an organization
Q12: Environmental-change strategies are designed to anticipate and
Q14: Even if a supply manager identifies and
Q15: Seldom do the actions of supply managers
Q16: Organizational objectives and supply objectives typically are
Q17: An effective supply strategy primarily focuses on
Q18: Which one of the following is NOT
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