oboloo Glossary

Supply Chain Risk Monitoring

oboloo Glossary

Supply Chain Risk Monitoring

Supply Chain Risk Monitoring is the proactive management of risks that can disrupt the chain of activities across networks of partners, suppliers and customers. It’s used to mitigate any possible negative impacts on performance and critical operations of organizations in terms of cost, quality, delivery and efficiency. This process involves understanding and assessing the potential sources of risk, creating mitigation strategies and tracking progress in an effort to minimize supply chain risk.