One way to reduce the risks associated with a global supply chain that operates on just-in-time principles is to

Question

Quizplus · Accepted Answer

Sourcing inputs from multiple suppliers located in different countries would reduce the risks associated with a global supply chain operating on just-in-time principles. This way, even if one supplier faces disruptions or delays, the company would have alternative suppliers to fall back on. Holding excess buffer stock may not be feasible for companies that operate on just-in-time principles as it goes against the core philosophy of minimizing inventory. Depending on one supplier or outsourcing only to advanced countries may also restrict the company's options and increase the risks associated with the supply chain. Avoiding electronic data interchange may not be practical in today's digital age, as it can improve supply chain efficiency and facilitate timely communication with suppliers.

One Way to Reduce the Risks Associated with a Global