The owners of a manufacturing firm in Ohio have developed a core network of suppliers to ensure an uninterrupted supply of products. This is an example of ________.

Question

Quizplus · Accepted Answer

The scenario refers to supplier development, which is the process of identifying and developing suppliers who can supplement the organization's capabilities and contribute to achieving its strategic objectives. This helps to ensure an uninterrupted supply of products and reduce supply chain risks. The other choices are not relevant to the given scenario - capability management refers to an organization's ability to achieve its goals, a supply bottleneck is a situation where a supply chain is limited by a specific resource or process, asset management refers to the management of an organization's physical assets, and backsourcing refers to bringing outsourced functions back in-house.

The Owners of a Manufacturing Firm in Ohio Have Developed