A logistics manager is developing a supply chain risk management plan incorporating contingency plans for alternatives to transport failures. Which of the following factors best represents this approach?
Avoid. The Dictionary defines risk avoidance as “changing a plan to eliminate a risk or to protect plan objectives from its impact.” For an opportunity, this step is called “exploit” (i.e., go all in)
The answer is C. One risk mitigation technique is to incorporate redundant suppliers/carriers.
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