The Smart Cube

The Three Pillars of Successful Supply Chain Risk Management

Posted: 08/25/2021 - 09:00
The Three Pillars of Successful Supply Chain Risk Management

Risk plays a role in every decision that is made by every business – and the supply chain is certainly no exception. Every supplier choice, contract negotiation and procurement transaction involves an unavoidable element of risk.

But just because risk can never be fully eliminated, that doesn’t mean it’s ok to leave it up to chance. Effective supply chain risk management demands continuous attention, careful planning and thoughtful execution.

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