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Much is understood about risk assessment and management related to general business operations. However, our understanding related specifically to effective assessment and management of Supply Chain Risks (SCR) is an important nascent area of research for scholars and practitioners alike. Calling upon previous literature, this presentation addresses (1) the need for assessing and managing supply chain risks, (2) risk management approaches, (3) SC risk management approaches, (4) supply chain risk management practices (SCRMP), and (5) techniques used to use SCRMP.
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