Question: Case study A new supply chain department manager had been hired to run the department, he was up to plan with the supply chain department

Case study A new supply chain department manager had been hired to run the department, he was up to plan with the supply chain department regarding the following weeks needs of raw materials, so as to coordinate with other departments , he held a meeting asking for the help of senior employees who are working in the department, they put their own estimation of the operation risk( as ex., change in prices ..etc., ) based on their own previous experience regarding the risk estimations. However the new general manager was not convinced with just depending on expert opinion and he decided to work on quantitative methods of estimating the risk( which you studied ) He decided to held a meeting to define the risk and demonstrate the different quantitative approach to deal with risk . Required A-What will he talk about regarding risk mitigation? B-What are the different ways to estimate the risk amount ? C-What are the 6 steps that are used to mitigate risk
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