Supply Chain Risk Management (SCRM)

Supply Chain Risk Management (SCRM) is a growing business discipline for global businesses with multi-tier supply chains to anticipate, prevent, protect, mitigate respond to and recover from undesirable and disruptive events. It is the practice of managing the risk of any factor or event that can materially disrupt a supply chain whether within a single company or spread across multiple companies. The main objective of SCRM is to enable cost avoidance, customer service, and market position.An organization's approach to SCRM should be tailored to meet its needs, context of operation, risk appetite, risk criteria and its unique supply chain characteristics.

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