Seance 12 Flashcards
1
Q
Risk management
A
Outsourcing leads to loss of contrôle
Economies of scales —> centralization : less flexibility
JIT process: more efficiency but not reliability
2
Q
6 major endogenous sources of supply chain risk :
A
Supply side risks
Demande side risks
Regulatory risks
Infrastructure risks
Catastrophic risk
3
Q
Risk assessment matrix
A
Relation btw risk probability and risk impact
Qualitative risk matrix: impact and probability are assessed subjectively
Quantitative risk matrix: impact and probability are assessed objectively
4
Q
Risk treatment :
A
Risk avoidanc (eliminates the types of events that could trigger the risk)
Risk reduction (of probability or consequence)
Risk transfer (insurance , partners )
Risk sharing (improved collaboration)
Risk taking
