____ 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 choices.

Question

Quizplus · Accepted Answer

The definition provided in the question is describing Supply Chain Risk Management (SCRM), which is the process of identifying, assessing, and mitigating risks and uncertainties in the supply chain. PERT/CPM and Scenario analysis are project management and decision-making tools, respectively, not specific to supply chain risk management. Hedging is a financial risk management tool, which is only one aspect of managing supply chain risks. Therefore, the best choice is D) SCRM.

____ Can Be Defined as How Supply Chain Members Communicate