_____ 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 these answers.

Question

Quizplus · Accepted Answer

The given definition matches with the concept of Supply Chain Risk Management (SCRM), which involves identifying, assessing, and prioritizing risks, and implementing measures to manage and mitigate those risks across the entire supply chain. PERT/CPM is a project management tool, scenario analysis is a method of forecasting and planning, and hedging is a financial risk management strategy.

_____ Can Be Defined as How Supply Chain Members Communicate