oboloo

oboloo Glossary

Supply Chain Management Risk

oboloo Glossary

Supply Chain Management Risk

Supply Chain Management Risk (SCMR) is the potential financial or operational losses that may arise from inadequate supply chain management. It encompasses a wide variety of risks related to the entire spectrum of activities necessary for sourcing, manufacturing, and delivering goods and services. SCMR can include but is not limited to financial risks such as currency fluctuations, supply disruptions, and unpredictable markets; operational risks like inadequate controls over supply chains, contractual disputes, and inefficient processes; and even ethical risks associated with human rights abuses or environmental issues. Ultimately, companies must manage these risks to stay competitive in the market, reduce costs, and ensure customer satisfaction.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971