Question: Good job on this week's post! It is always important to plan for the unexpected, would you agree? I think it is important to always
Good job on this week's post! It is always important to plan for the unexpected, would you agree? I think it is important to always have a contingency plan, whether you are a supplier or a consumer. Anything can happen at any time, and we have all seen this time and again. Have you ever tried shopping online for a product but find out that they are out of stock? Do you wait until they have stock available? Or do you have found another retailer that has what you want available? Or do you find an alternative item in place of what you are looking for? This is merely a small example of how to deal with uncertainties in the supply chain. Obviously other severe things can happen such as hurricanes, earthquakes, or pandemics that affect the supply chain, and it is our responsibility to ensure that we do not put all our eggs in one basket. I believe if we did, we would fail the supply chain
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
