1. Assess the risks identified in the brainstorming session. Create and populate a table
similar to Figure 9-2.
Risks Probability Impact of Risk
If shipments are late or incomplete, retailers can High High
penalize with vendor chargebacks.
If shipment delays or freight loss from hurricanes in Medium High
the Atlantic Ocean.
Temperature sensitivity issues during transportation High High
for the product freezes
Privacy Concerns of Client Products High High
Concern of theft while the product is on the road. Medium Low
Border delays and Customs fines if we don't Low Medium
properly document and mark our freight
Unauthorized product distribution Low High
Reduced packaging and biodegradable Low High
packing materials.
2. Based on your answer to Question 1, what are the three primary risks that you believe
YAP must address? Why? For the given situation where Young Again Pharmaceuticals
(YAP) can be face many risk concerns as discussed by Crandall who is a senior director
of this transportation company and has decided to hold a brainstorming session with his
logistics team before signing any carrier contracts, where this discussion of key risks
produced list of risks from which; three are most important and can effectively impact to
the business of the company:
Due to some reason, if company’s shipments get late or incomplete then client/retailers
will penalize the company with vendor chargebacks and it will hit company with small
fines for their delivery mistakes and company can face a loss on their business which can
affect company’s business relation with client as well as company’s profit.
Risk of any natural disaster, temperature sensitivity and any sudden accidental case;
which can highly impact the business of company where company’s needs to consider
some risk assessment terminology to handle these unknown situations.
This study source was downloaded by 100000840858457 from CourseHero.com on 05-02-2022 09:45:09 GMT -05:00
https://www.coursehero.com/file/29790774/Young-Again-Pharmaceuticalsdocx/
similar to Figure 9-2.
Risks Probability Impact of Risk
If shipments are late or incomplete, retailers can High High
penalize with vendor chargebacks.
If shipment delays or freight loss from hurricanes in Medium High
the Atlantic Ocean.
Temperature sensitivity issues during transportation High High
for the product freezes
Privacy Concerns of Client Products High High
Concern of theft while the product is on the road. Medium Low
Border delays and Customs fines if we don't Low Medium
properly document and mark our freight
Unauthorized product distribution Low High
Reduced packaging and biodegradable Low High
packing materials.
2. Based on your answer to Question 1, what are the three primary risks that you believe
YAP must address? Why? For the given situation where Young Again Pharmaceuticals
(YAP) can be face many risk concerns as discussed by Crandall who is a senior director
of this transportation company and has decided to hold a brainstorming session with his
logistics team before signing any carrier contracts, where this discussion of key risks
produced list of risks from which; three are most important and can effectively impact to
the business of the company:
Due to some reason, if company’s shipments get late or incomplete then client/retailers
will penalize the company with vendor chargebacks and it will hit company with small
fines for their delivery mistakes and company can face a loss on their business which can
affect company’s business relation with client as well as company’s profit.
Risk of any natural disaster, temperature sensitivity and any sudden accidental case;
which can highly impact the business of company where company’s needs to consider
some risk assessment terminology to handle these unknown situations.
This study source was downloaded by 100000840858457 from CourseHero.com on 05-02-2022 09:45:09 GMT -05:00
https://www.coursehero.com/file/29790774/Young-Again-Pharmaceuticalsdocx/
