Question
As the start-up company group refines the plans for its product launch, they are noticing ongoing changes in the global supply chain. The start-up has
As the start-up company group refines the plans for its product launch, they are noticing ongoing changes in the global supply chain. The start-up has only one manufacturing site at this time.
Please provide a thorough explanation of the following:
What can they do to mitigate the risk of a sole site?
Does the risk outweigh the reward in this situation? Why or why not?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To mitigate the risk of relying on a sole manufacturing site the startup company group can consider the following strategies 1 Diversify suppliers The...
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Step: 2
Step: 3
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Operations Management Managing Global Supply Chains
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
1st edition
1506302935, 1506302939, 978-1506302935
