Using suppliers from geographically diverse locations is what type of approach to risk management?
A) Increasing safety stocks/forward buying
B) Identifying backup suppliers and logistics services
C) Diversifying the supply base
D) Utilizing a supply chain IT system

Question

Quizplus · Accepted Answer

Diversifying the supply base by using suppliers from geographically diverse locations helps to mitigate the risk of disruptions in the supply chain. This approach ensures that a disruption in one region does not lead to a complete halt in the supply of materials or products, as there are alternative suppliers available in different locations.

Using Suppliers from Geographically Diverse Locations Is What Type of Approach