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Chloe is a procurement manager at Ruby Company. She has been asked to join a cross-functional team to review the company's risk appetite, potential risks within the supply chain and brainstorm mitigating actions. Chloe has suggested that the cross-functional team should first draw up a list of potential supply chain risks and potential strategies to overcome the risks. Is Chloe correct?
Suggested Answer: A
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The correct answers are as follows:
30 comments · newest first
DE
Dewitt
11 months ago
Categorizing risks by topic makes a lot of sense!
JU
Julieta
11 months ago
Wait, should they really talk to suppliers first? Seems off.
SH
Shelia
12 months ago
Yes, a risk register is essential for this process!
DE
Delisa
12 months ago
I think they should assess the risk appetite first, though.
GR
Gregoria
1 year ago
Totally agree, identifying risks first is key!
CE
Celestine
1 year ago
I vaguely recall something about engaging suppliers early in the process. Maybe Chloe should consider that too?
PE
Penney
1 year ago
I feel like the team should definitely understand the company's risk appetite first. It seems crucial before diving into the risks.
BL
Blair
1 year ago
I remember a practice question where we had to prioritize risks before anything else. Maybe that's what Chloe should focus on?
SA
Sabina
1 year ago
I think Chloe is on the right track, but I'm not sure if they should create a risk register first or review the risk appetite.
AR
Aron
1 year ago
I'm a bit confused. Shouldn't Chloe talk to the suppliers first before even listing the potential risks? Seems like that supplier input could be really valuable upfront.
BE
Bethanie
1 year ago
I think Chloe is on the right track. Identifying the risks and categorizing them is key. Then the team can focus on the mitigation strategies. Getting that risk register established quickly is crucial.
OR
Oretha
1 year ago
Hmm, I'm not sure. Shouldn't they first review the company's risk appetite before getting into the details of the risks? That seems like an important foundational piece.
FE
Fernanda
1 year ago
This seems straightforward - the team should definitely start by identifying the potential supply chain risks and then brainstorm mitigation strategies. That's a logical first step.
DE
Deonna
1 year ago
Ah, I remember now! Corda's architecture is designed around the concept of channels, which allow for private and efficient transactions between parties. That's the key difference from the other blockchain platforms listed.
ST
Stefan
2 years ago
Wait, we're supposed to be *mitigating* risks, not *creating* them! Chloe, let's make sure we don't accidentally invent some new supply chain nightmares, okay?
FL
Fletcher
1 year ago
Wait, we're supposed to be *mitigating* risks, not *creating* them! Chloe, let's make sure we don't accidentally invent some new supply chain nightmares, okay?
JA
Jannette
1 year ago
B) yes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible
AM
Ammie
1 year ago
A) yes- the first thing the team should look at are the risks and categorise these by topic
CU
Curtis
2 years ago
Creating a risk register and mitigation strategies ASAP? Sounds like someone's trying to get a promotion! Chloe, slow down and do it right. This isn't a race.
CA
Carlota
1 year ago
Creating a risk register and mitigation strategies ASAP? Sounds like someone's trying to get a promotion! Chloe, slow down and do it right. This isn't a race.
GL
Glory
1 year ago
B) yes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible
KI
Kimbery
2 years ago
A) yes- the first thing the team should look at are the risks and categorise these by topic
KI
King
2 years ago
Chloe's suggestion makes sense. But I think speaking with suppliers first would give the team more insight into the actual risks in the supply chain. That's a better starting point than guessing.
EL
Eleni
2 years ago
I disagree. The team should review the company's risk appetite first. That will guide their approach to mitigating the risks. Can't create a risk register without understanding the organization's risk tolerance.
SA
Salley
1 year ago
I disagree. The team should review the company's risk appetite first. That will guide their approach to mitigating the risks. Can't create a risk register without understanding the organization's risk tolerance.
KA
Kate
2 years ago
A) yes- the first thing the team should look at are the risks and categorise these by topic
AN
Angella
2 years ago
Absolutely, Chloe is on the right track. Identifying the risks and categorizing them is the logical first step. It'll help the team get a comprehensive overview of the potential issues.
HO
Hoa
2 years ago
C) no- the team should review the company's risk appetite before creating a risk register
ME
Mel
2 years ago
B) yes- the team should focus on creating a risk register and strategies for mitigating risks as quickly as possible
RO
Rodney
2 years ago
A) yes- the first thing the team should look at are the risks and categorise these by topic