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L5M2 Managing Supply Chain Risk WITH 100- SURE ANSWERS
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L5M2 Managing Supply Chain Risk WITH 100- SURE ANSWERS
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10/3/24, 12:59 PMEUNICE
L5M2 Managing Supply Chain Risk WITH 100% SURE
ANWERS
Terms in this set (81)
Acceptance 'A formal indication that goods conform to the purchasers requirements
When both buyer and supplier attempt to form the contract on their own terms and
Battle of the forms
conditions
The collection and analysis of large volumes of data taken from multiple sources in
Big data order to better solve problems such as demand forecasting or quality issues. It is often
used to understand customer and market requirements
Black swan event An occurrence or event that is extremely unusual and therefore difficult to predict
An organisation's identity; it could be linked to a logo, colour or other experience that
Brand customers, employees and stakeholders will relate to the organisation. A brand helps to
differentiate the organisation from its competitors
Brand equity The concept that branding is a major contributing factor to consumer decisions
A promise or the giving or receiving of a financial or other benefit to induce or reward
Bribery the improper performance of a position of trust, or a function that is expected to be
performed impartially or in good faith
Top-level business plans that enable organisations to deal with critical events with the
Business continuity plans (BCP)
least possible disruption
A person who determines the validity and settlement value when an insurance claim is
Claims adjuster
being made
Collusion The co-operation of parties in order to carry out fraudulent activity
A set of actions to deploy when the organisation faces an incident or needs to take an
Contingency plan
alternative course of action
A systems-specific planning process using a standard methodology to determine
Contingency plan
critical activities that will take place in the event of a risk event occurring
Corporate governance 'The system by which organisations are directed and controlled' (The Cadbury Report)
Corporate risks Risks that an organisation faces at the very top level
A self-regulated business ethos that helps an organisation to be socially accountable to
Corporate social responsibility (CSR)
all stakeholders
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