Discuss the key components of a comprehensive risk management strategy withinthe context of supplier management. Provide examples
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Question:
Discuss the key components of a comprehensive risk management strategy withinthe context of supplier management. Provide examples of potential risks and theircorresponding mitigation strategies. Evaluate the importance of risk assessment techniques such as SWOT analysis,PESTLE analysis, and supplier risk profiling in managing supplierrelated risks.Provide practical examples to support your evaluation. Discuss the role of technology in enhancing supplier risk management practices.Provide examples of technological tools and platforms that can be utilized foreffective risk management in supplier relationships.
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