A company closely monitors supplier performance and notices recent late deliveries from one supplier. The supplier discloses flood damage at the plant. The company quickly shifts sourcing to a new supplier and has minimal loss of sales. Which of the following risk strategies reflects the company's actions?
A) Achieving low cost through reaction
B) Creating an adaptive supply chain community
C) Reducing supply chain vulnerability
D) Investing in redundancy
Correct Answer:
Verified
Q398: ISO 9001 standards are best used to:
A)
Q399: Which of the following outcomes is most
Q400: Which of the following inventory-related costs typically
Q401: Which of the following actions typically is
Q402: Which of the following activities is most
Q404: Which of the following levels in a
Q405: In large supply chain transformation efforts, companies
Q406: Which of the following metrics would be
Q407: Which of the following actions is most
Q408: A quick-response program (QRP) will add value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents