How can you incorporate risk in the decision making? BCP is another way to define risk, identify times to recovery and times to survive. A cross-functional approach to balance trade-offs amid different business objectives by optimizing policy and strategic decisions.
It aims to prepare the organization to avoid, absorb, and recover from the business impact of major disruptions through a risk-balanced approach that maximizes the target business outcomes under different scenarios.
- Risk and resiliency
- Analysis / Risk tolerance
- Contingency planning
- Supply chain policies
- How do we respond to unexpected disruptions?
- How robust, responsive, and flexible is my supply chain design to changes in key drivers?
- How should my supply chain react to disruptions and special events?
Margins (Ultimately structural EBITDA and free cash flow)
Scenario agility / Time to respond
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