Multiple Choice
_____ allows a buying organization to react more quickly when supply chain risk events occur by already having previously prepared plans and proposed responses in place in advance of the actual risk event.
A) Hedging
B) Use of third party intermediaries
C) Multiple sourcing
D) Scenario analysis
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Multiple sourcing can add quality variability to
Q5: Which of the following is not a
Q11: Scenario analysis is technically considered forecasting and
Q14: The prime reason for hedging is to
Q15: The _ requires the systematic evaluation of
Q31: The remaining suppliers in a rationalized and
Q40: In an absence of competition situation, a
Q43: Considering the cost-based supplier evaluation system, the
Q48: Direct involvement in a supplier's operations by
Q73: Supplier rationalization and optimization should be a