Equation most closely defines supply chain risk

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Reference no: EM131802147

1. What mathematical equation most closely defines supply chain risk?

Supply chain risk = Dollars spent on prevention * Event probability

Supply chain risk = Supply risk + Demand risk + Process risk + Control risk - Environmental risk

Supply chain risk = sqrt (Probability of an event * Liklihood of an event) ^ Chances of an event * 2

Supply chain risk = Probability of an event * Impact of that event

2. Which of the following is NOT TRUE about transnational strategy?

Cost efficient while being locally responsive

Leverages low-cost advantages

Engages in global learning and diffusion of innovations

Organizationally complex

Difficult to implement

Reference no: EM131802147

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