Risk Management
Within the volatile global supply chain, risk is an inherent component that must be accounted for. Risk Management teaches how to identify the general categories and events that most adversely affect supply chains, and the benefits of developing an effective overall risk mitigation strategy. The strategy includes creating a risk management plan which documents mitigation strategies, describes trigger events, and establishes monitoring metrics and activities. Also explored is how the financial impact of risk is determined using a tool referred to as Value at Risk (VaR).
