Supply chains have extended briskly over time, with the means to increase efficiency, lower costs and fulfill the demands in developing & developed Business Segments. The ever-growing complexity in a supply chain network blocks visibility and therefore decreases one's authority over the process. Complexity and Deterioration are coming up as significant difficulties in supply chain risk management. It has become more challenging to point out the risks with the rise of third-party service providers, therefore making the process more complex & less visible. This project intends to break down how supply chain risks could be successfully managed. This would be done, first by situating the exploration plan in Supply Chain Risk Management (SCRM). Then, strategic plans for effective administration & control of Supply Chain risk are recognized and analyzed.