The article provides the differences between the continuous and infrequent risks that disrupts the entire supply chain and provides a mechanism to estimate and prioritize risks that caused the infrequent risks. The mechanism ensures the alignment of the manager’s preferences with risk management by incorporating changing characteristics of decision makers. Likewise woven into this embroidered artwork is the idea of recognition, which is recognizable to the individuals who have applied Failure Modes and Effects Analysis (FMEA), yet novel in the field of supply chain risk management. Infrequent risks are quite complex in the supply chain: always have a high risk of unpredicted disruptions, probability predictions are indistinct, and is quite difficult to gather comprehensive data. All such issues are considered in the given risk management model. While the given ordinal scales might be unsettling for the individual who want higher precision, measurement techniques must fit the precision that is possible. It helps out the managers to tackle the unforeseen by examining both the continuous and infrequent risks.
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