ACME has a specific sub-assembly that has an important component whose core technology is unique and can be obtained from very few suppliers globally. While the sub-assembly is complex, it comprises a small portion of the cost of the product. The suppliers are located in Japan, southern China, and the southern United States and supply most of the large networking companies globally. Management considers this component to have a high Supply Risk because of the few suppliers and their locations. The best supply strategy is to focus on

Group of answer choices

Work with the Japanese supplier in increasing process automation

Designing out the key component even if it means falling behind in technology and sales

Going to bid among the three suppliers to obtain the lowest cost per unit

Increase their hedge stock of inventory to mitigate supply disruption risk