The present disclosure relates to systems and methods for risk management in a supply chain. The system is configured to maintain a supply chain repository storing an original buffer level, and a master plan. Further, the system is configured to monitor each stage associated with the supply chain to identify at least one of a short term disruption or a long term disruption associated with a stage of the supply chain. Further, the system is configured to resolve the short term disruption by updating the original buffer level of an inventory or by revising the current plan and at least one of the set of future plans associated with the supply chain. Further, the system is configured to resolve the long term disruption in the supply chain using a set of problems and a set of solutions stored in a historical database.