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Questions and Answers
Which factor should be considered when identifying a new supplier?
Which factor should be considered when identifying a new supplier?
- Their company culture
- Their location
- Their marketing strategy
- Their capacity to meet your demand (correct)
What is the purpose of transition planning when switching to a new supplier?
What is the purpose of transition planning when switching to a new supplier?
- To cut costs
- To increase production
- To disrupt operations
- To minimize disruption to operations and customers (correct)
What should be included in contractual agreements with new suppliers?
What should be included in contractual agreements with new suppliers?
- Product design specifications
- Office supply orders
- Delivery schedules (correct)
- Employee training plans
What is the benefit of building up additional inventory during a supplier transition?
What is the benefit of building up additional inventory during a supplier transition?
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What is a potential risk associated with a new supplier?
What is a potential risk associated with a new supplier?
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What is a possible contingency plan that could be included in a contract with a new supplier?
What is a possible contingency plan that could be included in a contract with a new supplier?
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What is a measure that can be taken to mitigate the risk of natural disasters affecting a new supplier?
What is a measure that can be taken to mitigate the risk of natural disasters affecting a new supplier?
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