Supply Chain Risk
In this age of increasing specialization, low communication cost, and fast transportation, companies are making less and buying more. This means more reliance on supply chains and more risk. Managing integrated supply chains is a strategic challenge. Having fewer suppliers makes the supplier and customer more dependent on each other, increasing risk for both.
Supply chain risks arise in many ways. As this mishap illustrates, expected shipments can literally sink into the ocean.
Joe Gough/Fotolia
This risk is compounded by globalization and logistical complexity. In any supply chain, vendor reliability and quality may be challenging. ...
Get Operations Management: Sustainability and Supply Chain Management, Twelfth Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
