Podcast
Questions and Answers
What is the definition of vulnerability, as applied in this chapter?
What is the definition of vulnerability, as applied in this chapter?
Conducted by one or many sources (attackers or root causes)
Supply chain disruptions could impact:
Supply chain disruptions could impact:
General supply chain risk management and supply chain disruption prevention is based on:
General supply chain risk management and supply chain disruption prevention is based on:
General quality management and risk management concepts
What is the definition of 'Supply chain risk management'?
What is the definition of 'Supply chain risk management'?
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Who is responsible for product fraud (including counterfeiting, stolen goods, substandard or mislabeled products)?
Who is responsible for product fraud (including counterfeiting, stolen goods, substandard or mislabeled products)?
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When considering total cost of ownership and total product experience (TCO-TPE), supply chain risk management is a concept developed by:
When considering total cost of ownership and total product experience (TCO-TPE), supply chain risk management is a concept developed by:
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What could be the root cause of a supply chain disruption?
What could be the root cause of a supply chain disruption?
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When considering total cost of ownership and total product experience (TCO-TPE), supply chain risk management:
When considering total cost of ownership and total product experience (TCO-TPE), supply chain risk management:
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What are supply chain disruptions?
What are supply chain disruptions?
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Supply chain risk is a function of considerations such as:
Supply chain risk is a function of considerations such as:
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Study Notes
Vulnerability
- Defined as actions taken by attackers or root causes causing potential harm within the supply chain.
Impact of Supply Chain Disruptions
- Disruptions can affect multiple areas across the supply chain, indicating a widespread impact on operations.
Foundations of Supply Chain Risk Management
- Built on principles of quality management and general risk management, merging both approaches for effectiveness.
Supply Chain Risk Management Definition
- Occurs when an adversary's capacity and intention align with a specific vulnerability, creating a risk scenario.
Product Fraud Accountability
- Responsibility for product fraud, including counterfeiting and mislabeled products, falls under corporate security or packaging departments.
Total Cost Considerations in Risk Management
- The concept of Total Cost of Ownership and Total Product Experience in risk management is supported by the International Standards Organization.
Root Causes of Supply Chain Disruption
- Disruptions can originate from various sources, highlighting the complexity and multifaceted nature of supply chain risks.
Priority of Total Cost Consideration
- Supply chain risk management prioritizes Total Cost of Ownership and Total Product Experience, emphasizing their importance in decision-making.
Nature of Supply Chain Disruptions
- Disruptions are classified as unplanned and unanticipated events, illustrating their unpredictable nature.
Functionality of Supply Chain Risk
- Supply chain risk results from a combination of threat levels, identified vulnerabilities, and possible consequences, forming a comprehensive risk assessment framework.
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Description
Test your knowledge on supply chain management concepts with these flashcards covering key terms such as vulnerability and supply chain disruptions. This set is focused on Chapter 08, Section 05, and will help reinforce your understanding of risk management in supply chains.
