Research Paper

Running head: RISK MANAGEMENT 1

Running head: RISK MANAGEMENT 2

Title

Supply Chain Risk Management

Student Name’s

Alla Jeevan Reddy

Bolugoddu Suresh Kumar

Gundra Pavan Sankar Phani Raghava

Kadiyala Susmitha

Nagireddy Venkata Sai Vivekananda

Abstract

Supply chain risk management is very useful in identifying and monitoring the threats to supply chain continuity and profitability. Threats include drastic change in cost, shortage of materials and financial issues of suppliers and natural disasters. Supply chain risk management reduces the vulnerability by involving stake holders, which will in turn identify and analyze the risk via holistic approach. Supply chain risk management implements the strategies for identifying as well analyzing the risks in a supply chain. There have been a lot of practices for get rid of Risk in supply chain, By automating the process involved in supplier risk management for collecting and managing the supplier information, need to include supplier performance during analysis of analysis of financial issues, Need to use the technologies for early identification of problem, should use software’s for e sourcing and purchase to pay contract management, finally should provide dashboards for tracking the reports on supply risk metrics. The main motive behind this is to avoiding the risks which will be occurred to an organization, strategies for early detection of risks and finally counter parts which are needed for risk free supply chain management, all these are achieved by coordinating and communicating with the stockholders of an organization.

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