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What is Mitigation in Supply Chain Management? PDF | Download eBooks

Learn Mitigation definition in supply chain management with explanation to study “What is Mitigation”. Study mitigation explanation with SCM terms to review supply chain management course for online MBA programs.

Mitigation Definition

  • A term used in risk management to mean isolating a failure from its negative consequences.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Mitigation Explanation

Mitigation is the push to decrease death toll and property by reducing the effect of calamities. With the goal for relief to be compelling we have to make a move now - before the following debacle - to lessen human and budgetary results later (breaking down hazard, diminishing danger, and safeguarding against hazard). Know that fiascos can occur whenever and wherever and in the event that we are not readied, outcomes can be deadly. Viable alleviation necessitates that we as a whole comprehend nearby hazards, address the hard decisions, and put resources into long haul network prosperity. Without alleviation activities, we imperil our well being, money related security and confidence. Calamities can occur at whenever and wherever; their human and budgetary results are difficult to anticipate. The quantity of debacles every year is expanding however just half of occasions trigger Federal help. FEMA's moderation projects help lessen the effect of occasions - and our reliance on citizens and the Treasury for debacle alleviation.

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