Supply Chain Succession Issues Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>The risk of quality control issues</p> Signup and view all the answers

    What is the main benefit of building up additional inventory in anticipation of supply disruptions during a supplier transition?

    <p>To ensure customer satisfaction</p> Signup and view all the answers

    What is the purpose of gradually transitioning to a new supplier instead of immediately switching to them?

    <p>To reduce the risk of supply disruptions</p> Signup and view all the answers

    What is the importance of communicating with stakeholders when transitioning to a new supplier?

    <p>To maintain the integrity of the supply chain</p> Signup and view all the answers

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