the three primary risk mitigation strate y that supply chain managers can use.
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- Explain how do we distinguish between the types of risk in the supply chain ?As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk assessment. Your task: Develop a comprehensive risk management plan for Toyota South Africa. Your plan should include a critical analysis of five potential sources of risk that may arise in Toyota’s supply chain. You should also provide recommendations for mitigating each identified risk. Your risk management plan should be well structured and based on theory from the prescribed book. Note: you may refer to the risks that Toyota South Africa encountered as described in the case study. However, it's also important to identify additional risks that are not discussed in the case study but that would be applicable to Toyota South Africa.Describe and identify 2 types of risk in the supply chain ?
- What role do you foresee analytics having in the future of supply chain management?What is a (risk transfer) response strategy?Provide an example supply chain issue or problem that is addressed by each of the key stages in the supply chain maturity model (i.e., descriptive; predictive; prescriptive; and cognitive)
- List main up to 10 risks and new risks that emerged from the 2020 covid 19 crisis, i.e. business disruption, and explain your choiceCritically examine any ten [10] issues that arise when implementing Supply Chain Risk Management (SCRM) and require management's attention.The ongoing COVID 19 pandemic has affected each and every one. These includes the supply chain of organizations as well. With reference to a company, explain in detail the concept supply chain and whether and how the pandemic has affected it. Justify your answer.
- What is supply chain risk and provide an example of it.During the economic downturn arising from the COVID -19 pandemic in South Africa the government created the Covid-19 Loan Guarantee Scheme which provided loans, substantially guaranteed by government, to eligible businesses to assist them Funds borrowed from this scheme, through the banking industry, can be used for operational expenses, such as salaries, rent and lease agreements and contracts with suppliers. The scheme however has not been as great a success as had been envisaged. a) Describe how the scheme works; b) Analyse the reasons why the uptake has been so poor; c) Identify the losses which are being guaranteed by government; and d) Propose changes which could be introduced to improve the scheme.Why is it important to accept "uncertainty" when assessing supply chain processes?