Answer Happy

To assess supply chain risk, firms will often map the
probability of the risk occurring against degree or level of impact
into what’s called a risk matrix. From a risk planning standpoint,
where is the firm most vulnerable?
Group of answer choices
All of the high probability quadrants
A best practice for supply chain risk management is to calculate
a firm’s revenue exposure should a disruption occur (a site or
supplier goes down). How do you calculate revenue exposure?
Group of answer choices
The amount of revenue tied up in customers’ receivables
The time it takes to recover multiplied by potential revenue
lost during that time period
The amount of revenue at the retailer level on an annual
basis
Gross Revenue minus Cost of Goods Sold at time of disruption
Low probability, high impact quadrant
High probability, high impact quadrant
All of the quadrants
The following are all supply chain risk mitigation strategies
except:
Group of answer choices
Having long-distance supply chains to take advantage of low
labor costs regions
Create risk profiles through heat mapping (green, yellow, red
areas of risk)
Pre-qualifying suppliers to add to your portfolio
Doing contingency or scenario planning
Holding inventories