Supply chain management

What might a supplier do when seeing out its obligations?

• Offer discount

• Increase production speed

• Become less responsive

• Improve product quality

What is a challenge in supply chain risk monitoring?

• Lack of data

•   Constant flow of useless notifications

• High cost of technology

• Shortage of skilled workers

What is the human role in improving the relevance of alerts in supply chain risk monitoring?

• To automate all alerts

• To ignore all alerts

• To create more alerts

•   To improve definitions and relevance

Which strategy involves establishing a system of regularly tracking regulatory updates?

• Continuous monitoring

• Leveraging technology

• Market analysis

• Employee training

What is a key interest for CEOs and boards regarding strategic supplies?

• Cost reduction

• Product innovation 

• Risk management

• Market expansion

What is the benefit of managing a supplier in a nearshoring time zone?

• No need for transcontinental flights

• Reduced quality control

• Increased shipping costs

• Longer delivery times

What does nearshoring require?

• Increased production

• Balanced analysis and considerations

• Cost reduction strategies

• Immediate implementation

What is a challenge associated with dependencies with supplier of suppliers?

• Increased innovation

• Reduced shipping times

• Maintaining substantial risks

• Enhanced customer service

What is expected to expand in 2024?

• Government actions affecting supply chain

• Social media influence

• Technological innovations

• Environmental regulations

What is the expected impact of more restrictions on supply chains?

• Decreased costs

• Increased costs

• No changed in costs

• Improved efficiency