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Vulnerability, as it pertains to supply chains, refers to a gap in a companyâs internal capabilities or supply chain maturity that increases either the likelihood or the severity of a risk event. For example, the failure of a seaport infrastructure becomes more severe for companies that lack flexible distribution strategies and transportation modes.
Supply Chain Management ,as defined by the world famous, Institute of Supply Management Inc., USA, is the design and management of seamless , value added process across organizational boundaries to meet the real needs of the end customer.