Week 4 Part 1.docx - 1 In your own words explain the...

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1. In your own words, explain the concept of Supply Chain Risk Supply chain risk relates the occurrence of the event with the consequences that the affected company cannot cope with. It can be defined as the variances from desired value of the supply chain performance which result in a harmful consequence for the affected corporation. In another word, supply chain risk can be anything that disrupt the information, flow of production from the supplier to delivery of final products or services to the demander. Supply chain risk can occur when supplying a product or services to the customer regarding to time delivery, cost, and impact on image. These risks can be divided into internal risk and external risk. There are five major types of internal risk including manufacturing risks,
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