Supply Chain Risk Management
Supply Chain Risk Management: (SCRM) A systematic process for managing supply chain risk by identifying susceptibilities, vulnerabilities, and threats…
Definition
(SCRM) A systematic process for managing supply chain risk by identifying susceptibilities, vulnerabilities, and threats throughout the supply chain and developing mitigation strategies to combat those threats whether presented by the supplier, the supplies product and its subcomponents, or the supply chain (e.g., initial production, packaging, handling, storage, transport, mission operation, and disposal).
Alternative Definitions
- Definition 2
A systematic process for managing supply chain risk by identifying susceptibilities, vulner- abilities, and threats throughout the supply chain and developing mitigation strategies to combat those threats whether presented by the supplier, the product and its subcom- ponents, or the supply chain itself (e.g., initial production, packaging, handling, storage, transport, mission operation, and disposal). A proposed designation of critical infrastructure entities that manage systems and assets whose disruption could have cascading, destabilizing effects on U. S. national security, economic security, and public health and safety.
- Definition 3
The process of identifying, analyzing, and assessing supply chain risk and accepting, avoiding, transferring or controlling it to an acceptable level considering associated costs and benefits of any actions taken.