Question: Question 2 ( 1 point ) Traditional methods for managing supply chain risk rely on knowing the likelihood of occurrence and the magnitude of impact
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Traditional methods for managing supply chain risk rely on knowing the likelihood of occurrence and the magnitude of impact for every potential event that could materially disrupt a firms operations. For common supplychain disruptionspoor supplier performance, forecast errors, transportation breakdowns, and so onthose methods work very well, using historical data to quantify the level of risk.
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