Supply Chain Risk Management process
The old way of organizing business was by vertical integration with modern cross-organizational supply chains. John D. Rockefeller and Standard Oil, U.S. Steel, Alcoa, and others took the idea of system logistics developed by the military and applied it to their business operations, taking the approach that if there was any profit to be made in their supply chain, they wanted it. This, of course, also led to their taking on associated risk, but the general attitude at that time was that the better they controlled operations, the more they could control the risks involved. This led to vertical supply chains connecting mines, processing, transportation, and various forms of production to different ...
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