Correct Answers
Activities performed as as part of supply chain Correct
Answer: Primary supplier selection
Supply chain inventory
Distribution network
Product design characteristics
Components of supply chain Correct Answer: Data
deliverables
durabels
dollars
Six sourcing strategies Correct Answer: Many suppliers
Few suppliers
Vertical integration
Joint venture
, Keiretsu networks
Virtual companies
Range of supply risks Correct Answer: - failure to deliver
- supplier quality failures
- outsourcing
- logistics delays/damage
- distribution
- info loss or distortion
- political, economic, or natural disaster
- theft, vandalism, terrorism
How to mitigate supply risks Correct Answer: Take over
production
have multiple modes of transportation
use effective contracts with penalties