In times of Covid 19, XYZ Ltd., a company dealing in car accessories is not happy with their current scenario and want consider alternative approaches. Can you please guide them about what is contingency approach

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 6.3A
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In times of Covid 19, XYZ Ltd., a company dealing in car accessories is not happy with their current scenario and want consider alternative approaches. Can you please guide them about what is contingency approach and how will it help them?

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