Asked by Tyler Bergh on May 02, 2024
Verified
Firms often use multiple suppliers for important components to mitigate the risks of total supply disruption.
Multiple Suppliers
The strategy of sourcing a particular product or service from more than one supplier to reduce supply risk.
Supply Disruption
An unexpected event that interrupts the normal flow of goods and materials in a supply chain, potentially leading to stockouts, increased costs, or delivery delays.
- Present strategies for the management of potential hazards in supply chains, including the strategy of diversifying suppliers.
Verified Answer
BG
Boi Gia LuongMay 07, 2024
Final Answer :
True
Explanation :
Using multiple suppliers for important components helps firms to be prepared for any unexpected supply chain disruptions.
Learning Objectives
- Present strategies for the management of potential hazards in supply chains, including the strategy of diversifying suppliers.
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