Mitigation of Supply Chain Risk Through Progressive Contracting

Organizations face significant amounts of risk in managing their supply chains. Organizations that are able to more effectively manage these supply risks are typically able to operate at higher profit margins, or to undercut their competition. This article will concentrate on analyzing the risks associated with a firm's supply chain, and provide options for supply chain risk management that can lead to a more effective procurement process. Keep in mind that organizations face risks throughout their supply chain model including the shipment of goods to customers.

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