Managing the risk in the supply chain - Managing supply chain risk
4 important questions on Managing the risk in the supply chain - Managing supply chain risk
Explain the supply chain risk management process
- Understand the supply chain
- Improve the supply chain
- Identify the critical paths (nodes and links)
- Manage the critical paths
- Improve network visibility
- Establish a supply chain continuity team
- Work with suppliers and customers to improve supply chain risk management procedures
What are the characteristics of a critical path?
- Long lead-time
- Single source of supply without short-term alternative
- Dependence of specific infrastructure
- A high degree of concentration amongst suppliers and customers
- Bottlenecks
- High levels of identifiable risks
Where FMEA stand for and what is it?
FMEA is a tool to identify where in a complex system attention should be focused to reduce risk of failure
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Where does RFID stand for and what is it?
Is a form of track and trace with active and passive tags.
Active tags transmit information to receiving stations
Passive tags are read by scanners
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
