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The activities associated with the identification, conceptual design and concept testing for solutions that will address the risk exceeding the [[t:Appetite|Risk Appetite]].
===Use Cases===
Risk treatment options are classified in five distinct strategies:
* '''Avoidance''' A risk treatment strategy attempting to reduce the probability to 0 (zero) by avoiding policies, practices and processes that lead to occurrence of the risk event; Eliminate the risk completely. Examples include: Move a warehouse outside the risk area (earthquake, congestion), exit the market.
* '''Loss Prevention''' A risk treatment strategy attempting to minimize the losses by addressing the cause; Limit occurrence of risk events. Examples include: Increased security for high-theft items, supplier certification.
* '''Loss Reduction''' A risk treatment strategy attempting to reduce the losses resulting from the risk event; Limit the results per event. Examples include: Insurance, sprinkler installation.
* '''Isolation/Separation''' A risk treatment strategy attempting to contain a risk event in a single instance (market, product, supply chain, plant, warehouse); Contain the results.
* '''Duplication''' A risk treatment strategy attempting to limit the losses by establishing backup processes; Contain the risk event. Examples include: Information systems redundancy, overflow warehouses, emergency protocols for natural disasters, dual-sourcing strategy.
* '''Diversification''' A risk treatment strategy attempting to spread the risk over many; Limit the impact of risk events on the bottom line. Examples include: Omni-channel, industry diversification.
===Notes===
{{OR}} recommends adoption of ISO 31000 processes to build Supply Chain Risk Management governance processes, systems and behaviors. [[sc:G3|Manage Supply Chain Risk]] provides the processes to describe an enterprise's [[t:SCRM|Supply Chain Risk Management]] processes. ISO 31000 is copyright [http://www.iso.org ISO].

Compare to: [http://www.iso.org/iso/home/standards/iso31000.htm ISO 31000]:2009:5.5 Risk Treatment.
[[Category:Process]][[Category:Supply Chain]]
<ins>
[[Link::t:SCRM]]
[[Link::t:Risk Register]]
</ins>
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|level=3
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|description=Identification, conceptual design and concept testing for solutions that will address the risk exceeding the Risk Appetite
}}

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