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Master Lock creates a monthly forecast for each of the 5 0 , 0 0 0 locks it sells. Unfortunately the forecasts for the 2

Master Lock creates a monthly forecast for each of the 50,000 locks it sells. Unfortunately the forecasts for the 237 types of bike locks the company sells are highly inaccurate so the company decides to provide one forecast for bike locks each month instead of 237 forecasts for each type of bike lock. This is an example of which risk mitigation strategy? (Slides 17-18)
Group of answer choices
Increase capacity
Increase flexibility
Get redundant suppliers
Pool or aggregate demand
Increase inventory
Increase source capability
Increase responsiveness

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