Podcast
Questions and Answers
What is the first step in ensuring continuity of supplies when terminating a stakeholder relationship with a supplier?
What is the first step in ensuring continuity of supplies when terminating a stakeholder relationship with a supplier?
- Identifying a new supplier who can fulfill your needs (correct)
- Planning the transition to a new supplier
- Establishing clear contractual agreements with new suppliers
- Communicating with relevant stakeholders
What should be done to minimize disruption to operations and customers during the transition planning phase of securing a new supplier?
What should be done to minimize disruption to operations and customers during the transition planning phase of securing a new supplier?
- Immediately switch to the new supplier
- Use multiple suppliers simultaneously
- Take a break in the supply chain until the new supplier is ready
- Gradually shift production to the new supplier (correct)
What should be included in the contractual agreements with new suppliers to ensure continuity of supplies?
What should be included in the contractual agreements with new suppliers to ensure continuity of supplies?
- The number of suppliers used simultaneously
- The cost-effectiveness of the supplier's offerings
- The supplier's location
- Delivery schedules and quality expectations (correct)
What is one potential risk associated with transitioning to a new supplier?
What is one potential risk associated with transitioning to a new supplier?
What is the main benefit of building up additional inventory in anticipation of supply disruptions during a supplier transition?
What is the main benefit of building up additional inventory in anticipation of supply disruptions during a supplier transition?
What is the purpose of gradually transitioning to a new supplier instead of immediately switching to them?
What is the purpose of gradually transitioning to a new supplier instead of immediately switching to them?
What is the importance of communicating with stakeholders when transitioning to a new supplier?
What is the importance of communicating with stakeholders when transitioning to a new supplier?
