7 Questions
Which factor should be considered when identifying a new supplier?
Their capacity to meet your demand
What is the purpose of transition planning when switching to a new supplier?
To minimize disruption to operations and customers
What should be included in contractual agreements with new suppliers?
Delivery schedules
What is the benefit of building up additional inventory during a supplier transition?
It ensures that you can continue to meet customer demand during the transition period
What is a potential risk associated with a new supplier?
Issues with quality control
What is a possible contingency plan that could be included in a contract with a new supplier?
The supplier will increase production if another supplier fails
What is a measure that can be taken to mitigate the risk of natural disasters affecting a new supplier?
Maintaining a higher than usual inventory
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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