Supply Chain Risk Assessment

Your supply chain is the companies that you totally rely upon to provide the materials for you to carry out a business function or make a product for sale. Let's say that you are a laptop manufacturer and Company A provides the batteries and Company B provides the power supplies. If either of these runs short of either batteries or power supplies it stops you from manufacturing and selling your laptops.

Example 2

Company C provides your broadband internet access and you are totally reliant upon them for the internet - you may mitigate the risk of the internet failing by adopting vendor diversity, where you purchase broadband from Company D so that if either of your suppliers fails you still...