Producers Risk Definition and Explanation PDF | Download eBooks
Learn Producers Risk definition in supply chain management with explanation to study “What is Producers Risk”. Study producers risk explanation with SCM terms to review supply chain management course for online MBA programs.
Producers Risk Definition:
Mistake of having a producer's good lot rejected through sampling.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Producers Risk Explanation:
Rejection of good product as a bad one by the customers. Sometimes consumers reject the good quality product in future and this is the main risk that is faced by the producer. The probability of canceling or rejecting a product under the sampling procedure is known as the producer risk.
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