This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. It's about the risks that arise from the day-to-day running of a business. In logistics, operational risks can include: Process failures*: Such as errors in order picking or incorrect inventory recording. People failures*: Like employee mistakes, fraud, or lack of training. System failures*: For instance, IT system crashes that disrupt operations. External events*: Such as natural disasters, power outages, or regulatory changes that impact operations. 3 done, 2 left today. You're making progress.