OPERATIONS AND SUPPLY CHAIN MANAGEMENT
9th Edition
ISBN: 9781119448037
Author: Russell
Publisher: WILEY
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Question
Chapter 10, Problem 17Q
Summary Introduction
To explain: The risk associated with global supply chain.
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Students have asked these similar questions
Identify the ten supply chain risks. Next, select two that you think are of greater risk than some of the others, as of today (MAY 2022) and why.
With the growing complexity of managing worldwide supply chains, coupled with significant pressures to reduce cost at the firm level, supply managers must learn to manage the inherent risks of global sourcing effectively and efficiently.
Where is the supply chain organization vulnerable to potential risk? Identify at least four risks.
Why is the organization vulnerable?
How will this risk affect the organization if it happens?
How will this risk affect the organization’s customers and suppliers?
What are the causes of the risk?
Supply Chain Management: Describe how can a firm would optimize the global supply chain to ensure a steady flow of raw materials and components, minimize disruptions, and mitigate risks associated with geopolitical uncertainties, natural disasters, and supplier reliability.
Chapter 10 Solutions
OPERATIONS AND SUPPLY CHAIN MANAGEMENT
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Similar questions
- Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. What parts of the supply chain are most closely involved with the situation in this case? What is the responsibility of each part in order to maintain a smooth flow of material?arrow_forwardAvion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Why can changes within a supply chain disrupt the normal flow of goods and services within a supply chain?arrow_forwardAvion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each other and reviewed a troubling performance report concerning a key supplier, Foster Technologies. The report detailed the deteriorating performance of Foster Technologies in the areas of material quality and on-time delivery. At this point, Kevin ODonnell, another procurement manager, entered the room. Explain the role of performance measurement in managing supply chain activities.arrow_forward
- Discuss two trends in supply chain management. In general, how should companies in a country prepare for these trends? How would they be affected?arrow_forward“Supply Chain Management (SCM) deals with the management of materials, information and financial flows in a network consisting of suppliers, manufacturers, distributors and customers”. As COVID-19 is currently prevailing not only in Pakistan but all over the world. Keeping SCM definition and pandemic situation in mind, if you are running a flour mill in Pakistan, how can you ensure uninterrupted availability of flour in the market? What challenges do you come across while safeguarding the effective SCORE (Supply-Chain Operations Reference) model.arrow_forwardSupply chains represent both local and global companies working together. What are some of the risks associated in both situations?arrow_forward
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