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As the course would be written for them and they are a service provider to their customers, the course needed to have a Managed Service Provider and outsourced service slant, rather than the old course, which was very much geared around the provision of goods. There can be rapid and long-lasting impacts when one of these key providers fails.
There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. There’s been a tremendous increase in outsourcing over the past several years. Both can bring benefits but both have potential pitfalls.
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The product recall team can deal with the technical elements and logistics of the recall, while the crisis team deals with external and internal communications, failure to supply to customers, and the associated reputational issues. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.
The product recall team can deal with the technical elements and logistics of the recall, while the crisis team deals with external and internal communications, failure to supply to customers, and the associated reputational issues. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.
The product recall team can deal with the technical elements and logistics of the recall, while the crisis team deals with external and internal communications, failure to supply to customers, and the associated reputational issues. There is the old adage in business continuity that “you can outsource the activity, but not the risk”.
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