Video: Supply Chain Risk Management Best Practices
In general, when they talk about risk management, one of the main driving points behind that is that regulators, even our customers, recognize that with the supply chain as it is, it is pretty complex, and there’s no way one organization can have total control over the whole chain. So, what’s more important is that you must have a framework to actually identify within your supply chain which areas are deemed critical, and in those areas which are deemed critical, what are the risk that are inherent in those areas, and at the same time once you identify those risks, then as an organization you have to make a decision how to address those risks. Are you going to do something about those risks by putting in place control measures? Or, if you think those are acceptable risks, you move on from there.
Source: Pharmaceutical Online & World Courier