What are the key components of supply chain risk management?
An example of an AI chatbot conversation about supply chain risk management strategies.
What are the key components of supply chain risk management?
The key components include risk identification, assessment, mitigation strategies, and monitoring.
How can I identify risks in my supply chain?
You can identify risks by analyzing your suppliers, logistics, market conditions, and regulatory changes.
What mitigation strategies can I implement?
Consider diversifying suppliers, increasing inventory, and developing contingency plans.
How often should I review my risk management strategies?
It's advisable to review your strategies at least annually or whenever there are significant changes in your supply chain.
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