Through ______________,wholesalers absorb some risk by taking title and bearing the cost of theft,damage,spoilage,and obsolescence.

Question

Quizplus · Accepted Answer

Risk bearing is the process by which wholesalers take on the risk of loss due to theft, damage, spoilage, and obsolescence, providing a benefit to the manufacturer and retailer by reducing their own risk and minimizing the impact of these risks on the supply chain. This is accomplished through a variety of means, including insurance, inventory management, and strategic partnerships with suppliers and vendors. While other functions like selling and promoting, buying and assortment building, warehousing, and transportation are important to the overall success of the supply chain, only risk bearing specifically addresses the issue of risk management and mitigation.

Through ______________,Wholesalers Absorb Some Risk by Taking Title and Bearing