Supply Chain Risk Management

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1. Supply Chain Risk Management is a coordinated set of collaborative and structured approach to plan and execute all steps in the global network used to:
  • acquire raw materials from vendors
  • transform them into finished goods, and
  • deliver both goods and services to customers.
Business Continuity Management Supply Chain Resiliency

Related terms: Supply Chain Risk, Supply Chain Disruption, Supply Chain Vulnerability

Notes (1): It is the intersection of Supply Chain Management and Risk Management.

Notes (2): It forms part of the planning and control aspect of the supply chain and includes chain-wide information sharing, planning, resource synchronization and global performance measurements.

Notes (3): It handles risk which may affect the achievement of the supply chain goal.

(Source: Business Continuity Management Institute - BCM Institute)