Management and Organization

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fsbtt1

Business Finance

Description

Read the article Managing risk to avoid supply-chain breakdown:

Chopra, S., & Sodhi, M. S. (2004). Managing risk to avoid supply-chain breakdown. MIT Sloan Management Review, 46(1), 53-62.

Write a summary of this study and its findings. Analyze and discuss the importance of procurement risk management. Your paper should be two to three pages in length (in addition to the cover and reference pages that you must include) and conform to CSU-Global Guide to Writing and APA Requirements. Include at least two scholarly references in addition to the course textbook. The CSU-Global Library is a good place to find these references.

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Explanation & Answer

Attached.

Procurement Risk Management
Thesis Statement: When managers comprehend the diversity and correlation of risks associated
with the supply-chain, the managers can effectively customize fair risk mitigation policies for
their firms.
I.

Summary of the study and its findings

II.

Analysis and discussion of the importance of procurement risk management.


Running head: PROCUREMENT RISK MANAGEMENT

Procurement Risk Management
Student’s Name
Institutional Affiliation

1

PROCUREMENT RISK MANAGEMENT

2

Procurement Risk Management
Summary of the Study and Its Findings
In the article Managing risk to avoid supply-chain breakdown by Chopra, and Sodhi,
(2004), the authors assert that there was an electrical fault due to lightning in Albuquerque, New
Mexico in March 2000. The result was a huge surge in the area's electrical grid system, which
consequently caused a fire at a plant owned by Royal Philips Electronics; N.V. the disastrous
effect was that millions of microchips were destroyed in the fire. The plant had tw...


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