To effectively manage supply risks, the supply manager mustMultiple Choiceinform the corporate risk officer of a potential risk, await instructions, and implement the directive.identify and classify risks, assess and monitor the potential impact, and develop a risk mitigation strategy.seek input from senior executives in other functional areas, propose a risk mitigation plan, and await instructions from senior management.review the commodity strategy, revise it as needed, and implement the strategy revision.confer with the chief financial officer $($CFO$),$ provide all requested data, and implement the CFOs plan.