Tag: risk profile

Planning Horizons in a Dynamic Economy

Uncertain conditions are something that every supply chain, no matter how long or short, global or localized, has to withstand. But while most organizations would agree with this notion, few would agree as to exactly what characterizes uncertainty. Uncertainty is a human creation – not because we set unexpected circumstances in motion in all cases, but because the majority of us expect to know what will happen next. On the simplest level, uncertainty is just the unknown. Most people expect to know what will happen in the next 24 hours, while no......

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