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Supply Chain Risk Management Mistakes

Most procurement and supply chain organizations have some understanding of risk management and some plans in place to address risk. But, far too often their approach to risk management is based on myths, fallacies or a simple lack of knowledge. There are five myths in many supply chain risk strategies that could lead to hugely expensive or even terminal results for the organization:    5 supply chain risk management mistakes “We focus our risk efforts purely on our top suppliers – applying Pareto makes sense” “We analyze and approve all our new......

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