Risk arises in some form or other in virtually all field of endeavour
It is important neither to ignore the risk nor to be frightened by it
Systematic methods to assess and handle risk can be developed
Like the increased level of importance purchasing has now obtained, Supply Chains and SCM are now realised as a competitive advantage enabler
Competitive advantage more about Supply Chains
Value stream/Pipeline management/lean manufacturing
Concentrates on holistic view
Most waste is at interfaces
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