Concept information
Preferred term
supply chain risks
Definition
- Supply chain risk maybe defined as the risk created by any event that might interrupt the planned operation of a supply chain or network. To put this in context, Martin Christopher defines supply chain management as “the management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole.” Therefore, in essence, supply chain risk is any interruption to either the inward or outward supply of raw materials, components, or finished products. [Source: Encyclopedia of Business in Today's World; Supply Chain Risks]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/supply_chain_risks
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