Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Methods you will use for relocation of a key supplier to Russia. Be specific on identifying the risks and detail your recommendations to mitigate these

Methods you will use for relocation of a key supplier to Russia. Be specific on identifying the risks and detail your recommendations to mitigate these risks." Your company produces medical devices and purchases plastic molded fittings from a company in Beijing, china. It is rumored the Chinese supplier is being acquired by a plastics company in Saratov, Russia. If this acquisition is completed, the fabrication of the plastic fittings will be relocated to Saratov. It is expected to take six months to transition production to the new location once the agreement is signed. The current situation with the Chinese supplier has not been good. It is behind on deliveries due to shortage of plastic resin from its supplier as well as transportation delays coming into the U.S. Due to backups at the west coast sea ports. This has caused back orders to your customers. While you are working to close the gap in current supply, you know this change in supplier location will only create additional risk to your supply chain.

Step by Step Solution

3.48 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Risk Management Plan During the relocation process of the plastic molded fittings supplier from Chin... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial economics

Authors: william f. samuelson stephen g. marks

7th edition

9781118214183, 1118041585, 1118214188, 978-1118041581

More Books

Students also viewed these Accounting questions

Question

1. Is Steele a member of the union? Why?

Answered: 1 week ago

Question

Evaluate the following, accurate to the nearest cent.

Answered: 1 week ago

Question

Evaluate each of the following, accurate to the nearest cent.

Answered: 1 week ago

Question

Evaluate the answers accurate to the cent.

Answered: 1 week ago