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
Go to this website www.worldfranchising.com . Select any of the hottest new franchises that interest you.. View the site and identify the information about the financial requiremen

Analyze, compare and contrast the code of ethics of both Starbuck's and McDonald's.

Needs for Trade- offs - Business Strategy In recent years another reason for questioning the need for trade-offs has arisen. In manufacturing industries great efforts have bee

Applying the EBQ model, what batch size would you recommend for this product? How long will each batch take to produce, and how many batches per year will be made? Should this mode

Imagine yourself in a situation of being encouraged by colleagues to inflate your expense account. What factors do you think would influence your choice? Explain

Discuss three barriers to effective oral communication and possible remedies. Discuss 3 views of organizational conflict. When is conflict "good?" When is conflict "bad?"

Greg Davis, a business major at the University of South Carolina (USC), has opened Six Points Saco (SPS), a specialty subs-taco restaurant, at the rim of the USC campus. SPS has gr

Define logos, ethos, and pathos and explain which of these is most important to effective leadership communication

As a library or internet assignment, find the U.S. productivity rate (increase) last year for (a) national economy, (b) manufacturing sector, and (c) service sector.

The key points in Chapter 12 (Chapter 13) tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.