Question

B) Briefly explain five ways of detecting risk exposure in supply chain(10marks)

Answer 1

Risk has always been piece of the supply chain. It’s a actualy inside and outside the four walls of any organization. It’s no amaze then that as Enterprise Risk Management (ERM)programs proliferate, they have naturally started to address anticipated and unanticipated events occurring both upstream and downstream in the supply chain.

There are some ways to identify the risk exposure in supply chain :-

i) We have to analyse our existing risk management and pay close attention to your supply chain process
to find out which sectors require attention.

ii) We have to calculate the data,

iii) We have to work automation,

iv) We have to combine supply chain risk management into the organisation.