Transcription of 1. - Supply chain
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1. - Supply chain
1 2 1. Executive Summary: The Need for Supply - chain Risk management Modern enterprises increasingly find themselves relying on others for their success. Historically, enterprises have spent less than a third of their budgets on purchased goods and services, having relied on internal sources for these. Today, many enterprises spend most of their budget on purchased goods and services. This is in large part because of the advantages enterprises have found in strategies such as globalization, outsourcing, Supply -base rationalization, just-in-time deliveries, and lean inventories.
Supply-chain risk management integrates several previous or ongoing initiatives, including those for business continuity and supply-chain security.
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