Supply Chain Management Alternative Thesis- Risk Mitigation

For the Supply Chain Management Alternative Thesis, I was required to attend 4 research seminars. After attending all four seminars, I wrote a summary for each one and then did my own research on a subject from one of the seminars. I selected the lecture from Mahyar Eftekhar to do more research on due to my passion of humanitarian work. The lecture delivered by Mahyar Eftekhar on September 27th, 2018 there was a question being asked, “How to improve service delivery, considering the peculiar characteristics of humanitarian supply chains?”. This question can either cost a company a lot of money or save it a lot of money. The problem is how do you reduce risk for a supply chain in humanitarian work? The objective of my research is to find different solutions on risk mitigation for humanitarian organizations and how to bring down costs for the supply chains that these organizations have. Risk mitigation can be difficult for events that happen randomly, but there are ways to help reduce risk. Reducing risk is key to humanitarian supply chains because it can save money for companies that have financial restrictions. Humanitarian supply chains are much different from typical supply chains, due to what is at stake. These supply chains cannot fail, because if they do lives will be put in danger. Disasters can happen at any moment and can range from all different types. Being prepared for the worst case scenario is important in humanitarian efforts in order to bring down costs and save lives.