A Supply Chain Risk Management Glossary

How well do you know Supply Chain Risk Management (SCRM) and Resiliency terms and concepts? Riskipedia™ is an open-source project created by the Global Supply Chain Resiliency Council (GSCRC) to serve as education and training material.

The resource is a living document that serves as both a glossary and an encyclopedia and contains everything from diagrams, concepts, people, and organizations. You can access this Riskipedia™, available online as adownloadable pdf.

An example of what the SCRM glossary has to offer can be seen in the definition and Table of Contents below:

MEP Supply Chain Optimization Risk Management Program

Avoiding the obstacles within the manufacturing environment takes skill and strategy. The MEP SCO program provides companies with an opportunity todevise an overall risk mitigation planto address these concerns.

Program Objectives

• Understand the impact of risk events for which no risk management strategy exists
• Recognize the necessity of a risk management strategy
• Create a risk impact analysis
• Learn how to estimate the financial impact of a potential risk event
• Incorporate financial considerations within the Total Cost of Ownership model

Reiterating the Riskipedia SCRM definition, the main objective is to avoid the costs of various risk while being prepared for any disruptive events.

For more information, check out the full Risk Management, Supply Chain Strategy here, or visit the MEP Supply Chain Resources page.