Explain effectively manage supply risks, Operation Management

To effectively manage supply risks, the supply manager must: inform the corporate risk officer of a potential risk, await instructions, and implement the directive. Seek input from senior executives in other functional areas, propose a risk mitigation plan, and await instructions from senior management. Identify and classify risks, assess the potential impact, and develop a risk mitigation strategy. Review the commodity strategy, revise it as needed, and implement the strategy revision. Confer with the organization's management consultant, provide all requested data, and implement the consultant's plan.

Posted Date: 2/9/2014 11:39:18 PM | Location : United States

Related Discussions:- Explain effectively manage supply risks, Assignment Help, Ask Question on Explain effectively manage supply risks, Get Answer, Expert's Help, Explain effectively manage supply risks Discussions

Write discussion on Explain effectively manage supply risks
Your posts are moderated
Related Questions
Examine each possibility and the factors you will consider in weighing the pros and cons.

Why do reporting systems increase the risk of semantic security problems?

Work Study and Value Analysis - Improving Productivity  By considering how work is carried out (method study) or considering alternative approaches using a cost-benefit analys

Consider the everyday task of getting to work on time or arriving at your first class on time in the morning. Draw a fishbone chart showing reasons why you might arrive late in the

1. Why has Southwest's business model and strategies changed overtime? 2. In what ways is Southwest Trying to improve its competitive advantage in 2011? 3. Give examples of a

Describe who will comprise your management team and what talents or skills each of the teams members will bring to the organization. Include a simple organizational chart. How do I

General Model of the Operations Function This figure illustrates the basic concept of the operations function. Firstly inputs are transformed (converted) to outputs with the m

Economics issues and operation research solutions

The inefficiencies created by more and more people working together is called

A company is considering a gear assembly that it now purchases from company B. Company B charge $4 per unit with a minimum order of 3000units. Company A estimates that it will cost