Abstract
To mitigate supply chain risks identified by the managers, this chapter describes three general risk mitigation strategies: (1) alignment of supply chain partners incentives to reduce the behavioral risks within the supply chain, (2) flexibility to reduce not only demand risks but also supply and process risks, and (3) building “buffers” or redundancies. We also discuss ways for managers to adapt these general risk-mitigation strategies to the circumstances of their particular company.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer Science+Business Media, LLC
About this chapter
Cite this chapter
Sodhi, M.S., Tang, C.S. (2012). Mitigating Risks. In: Managing Supply Chain Risk. International Series in Operations Research & Management Science, vol 172. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-3238-8_4
Download citation
DOI: https://doi.org/10.1007/978-1-4614-3238-8_4
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4614-3237-1
Online ISBN: 978-1-4614-3238-8
eBook Packages: Business and EconomicsBusiness and Management (R0)