Management When Suppliers’ And Retailers’ Risks Become Company’s Own Risks
Management When Suppliers’ And Retailers’ Risks Become Company’s Own Risks

Summary/Abstract: Risk in business refers to a smaller or greater uncertainty regarding the expected outcomes of business activities. Modern practice of management of complex business systems, among other things demands also risk management of many business processes and potential damage that may arise in the course of business. The point is uncertainty of changes in business conditions and insufficient and unreliable information on the basis of which to make business decisions.The key to successful risk management is to clearly define the areas of risk assessment, identification and registration of potential hazards that can cause events with negative consequences and a thorough understanding of all aspects of these consequences. By introducing insurance of assets and other resources likelihood of damage is significantly reduced.

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