Supply Chain Succession Issues Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>It ensures that you can continue to meet customer demand during the transition period</p> Signup and view all the answers

    What is a potential risk associated with a new supplier?

    <p>Issues with quality control</p> Signup and view all the answers

    What is a possible contingency plan that could be included in a contract with a new supplier?

    <p>The supplier will increase production if another supplier fails</p> Signup and view all the answers

    What is a measure that can be taken to mitigate the risk of natural disasters affecting a new supplier?

    <p>Maintaining a higher than usual inventory</p> Signup and view all the answers

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