7 Questions
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
What should be done to minimize disruption to operations and customers during the transition planning phase of securing a new supplier?
Gradually shift production to the new supplier
What should be included in the contractual agreements with new suppliers to ensure continuity of supplies?
Delivery schedules and quality expectations
What is one potential risk associated with transitioning to a new supplier?
The risk of quality control issues
What is the main benefit of building up additional inventory in anticipation of supply disruptions during a supplier transition?
To ensure customer satisfaction
What is the purpose of gradually transitioning to a new supplier instead of immediately switching to them?
To reduce the risk of supply disruptions
What is the importance of communicating with stakeholders when transitioning to a new supplier?
To maintain the integrity of the supply chain
Test your knowledge of supply chain management by taking this quiz on managing succession issues in supplier relationships. Learn about ways to ensure continuity of supplies and mitigate the impact of termination on the supply chain. Keywords: supply chain, succession issues, supplier relationships, continuity of supplies, termination.
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