Objective: risk identification, assessment and

mitigation
S no Risk identification Risk assessment Risk mitigation
1 Delay in delivery Reduce the sales Maintaining
from supplier turnover due to more than 1
stock out suppler and
problem maintaining good
relation with
supplier
2 Outdate of Closing stock Offering the
closing stock will not sell in products to the
market due to people at
which we suffer discount
loss of revenue
3 Labour Customer will Offering
inefficiency not satisfy with incentives to
service due to labour based on
which sales will their
reduce performance
4 Marketing the If it is not met We must the
new product the customer effective
need then advertisment
investment due which sales
made on it will will increase
lost
5 Competitive Customers will Identifying the
 advantage to reduce due competitor and
compititors which sales will understanding
reduce their
competitive
advantage and
implementing
the same
6 Out of stock Sales will reduce Maintaining
good
relationship
with suppliers
7 Failure to attract We will lost the Put money in to
or retain top talented supporting and
talent people employees due training
to which employees and
business will manage your
come down managers