the three primary risk mitigation strate y that supply chain managers can use.
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- Explain how do we distinguish between the types of risk in the supply chain ?As an expert in supply chain risk management, you have been tasked by Toyota South Africa to aid them in conducting an extensive risk assessment. Your task: Develop a comprehensive risk management plan for Toyota South Africa. Your plan should include a critical analysis of five potential sources of risk that may arise in Toyota’s supply chain. You should also provide recommendations for mitigating each identified risk. Your risk management plan should be well structured and based on theory from the prescribed book. Note: you may refer to the risks that Toyota South Africa encountered as described in the case study. However, it's also important to identify additional risks that are not discussed in the case study but that would be applicable to Toyota South Africa.Nowadays, in the context of the prevailing situation of COVID 19, the business environment is filled with uncertainty. Keeping the supply chains free from disruption is one of the biggest challenges for supply chain decision-makers. What challenges a supply chain manager for a car manufacturing company face in order to ensure the continuous flow of material throughout the supply chain. Also, recommend some actions in response to those challenges.
- Describe and identify 2 types of risk in the supply chain ?In each of the following, name the term defined. Answersare listed at the bottom. A supply chain that must deal with high levels of both supply and demand uncertainty. In order to cope with high levels of supply uncertainty, a firm would use this strategy to reduce risk. Used to describe functions related to the flow of material in a supply chain. When a firm works with suppliers to look for opportunities to save money and benefit the environment. Refers to an estimate of the cost of an item that includes all costs related to the procurement and use of an item, including the costs of disposing of after its useful life.Using an example to explain implmentation and activation in supply chain risk management
- Provide an example supply chain issue or problem that is addressed by each of the key stages in the supply chain maturity model (i.e., descriptive; predictive; prescriptive; and cognitive)supply chain vulnerability is an exposure to serious disturbance arising from risks within the supply chain as well as risks external to the supply chain. Why are today's supply chains vulnerable, explain four reasons to support your answer?1.Upstream supply chain members are A. retailers B. manufacturers C. end-use customers D. suppliers 2.The integrated group of business processes that form a supply chain are A. marketing, manufacturing and finance B. procurement, production and distribution C. manufacturing and service D. demand, value, and quality 3.The bullwhip effect occurs when A. slight to moderate demand variability becomes magnified as demand information is transmitted back upstream. B. slight to moderate demand variability becomes magnified as supply information is transmitted back upstream. C. slight to moderate demand variability becomes magnified as demand information is transmitted back downstream. D. slight to moderate demand variability becomes magnified as supply information is transmitted back downstream. 4.The key element in achieving supply chain integration is A. quality management B. ISO certification C. information technology D. EDI 5.A disadvantage of RFID technology that has hindered its…
- Discuss why it is important to consider uncertainty when evaluating supply chain process?Of the following, which is a major drawback to using production contracts as part of a vertically integrated supply system? A. Supply chain efficiency B. Capturing additional margins C. A means of addressing "holdup" in a market D. Limited decision-making ability of the producerExplain why is it important to consider uncertainty when evaluating supply chain process?
