Asked by Dylan Wright on May 04, 2024
Verified
Toyota's policy of having two suppliers per component after its experience with fire and earthquakes is similar to Hark Rock Café's franchising in societies that have significant cultural or environmental barriers because
A) both companies are coping with environmental supply-chain risks.
B) both companies are coping with process supply-chain risks.
C) both companies are coping with control supply-chain risks.
D) both companies are addressing outsourcing.
E) both companies are addressing inventory level optimization.
Environmental Supply-Chain Risks
Risks associated with environmental factors that can affect the supply chain, including natural disasters, climate change, and resource depletion.
Process Supply-Chain Risks
Process Supply-Chain Risks involve identifying, assessing, and managing the risks associated with the operational processes in the supply chain, aiming to minimize vulnerabilities and ensure continuity.
- Understand the approach to mitigating supply chain risks through supplier policies as illustrated by Toyota and Hard Rock Café.
Verified Answer
MD
makayla davisMay 11, 2024
Final Answer :
A
Explanation :
Both Toyota and Hard Rock Café are identifying and mitigating risks in their supply chains. Toyota is addressing environmental risks, while Hard Rock Café is addressing cultural and environmental barriers in different societies through franchising. Both companies are making changes to their supply chains to reduce the impact of these risks on their operations.
Learning Objectives
- Understand the approach to mitigating supply chain risks through supplier policies as illustrated by Toyota and Hard Rock Café.