What supply chain risks do students learn to identify and manage?
Students may learn to identify and manage risks that disrupt the flow of goods, information, or money across a supply chain. These can include supplier failure, shortages, transport delays, quality problems, demand uncertainty, price and currency changes, inventory issues, cyberattacks, regulatory breaches, ethical concerns, and environmental or geopolitical disruption.
Key points
- Risk management may involve mapping supply chains, assessing likelihood and impact, and prioritising responses.
- Students can examine mitigation methods such as alternative suppliers, safety stock, contracts, monitoring systems, contingency plans, and insurance.
- Case studies or projects may be used to evaluate trade-offs involving cost, resilience, sustainability, and customer service.
Things to check
- The risks and methods covered depend on the course, subject focus, and industry examples used by the institution.