Question: How can i reply to the following peer post while also asking a question? What is the Z-score? It is a tool used to assess

How can i reply to the following peer post while also asking a question?

What is the Z-score? It is a tool used to assess financial health using ratios gathered from public and private firms to determine the likelihood that a company will have to declare bankruptcy. The five financial areas that are assessed are profitability, leverage, solvency, liquidity, and activity. The z-score can also be used to evaluate the health of the suppliers. The scores range from 0 to 10, with the higher end indicating a low possibility of bankruptcy for that company.

I just talked to my uncle, who is a pharmacist, about how I am studying supply chain management. He recommended I do some research on Akorn Pharmaceuticals, I completely forgot about that suggestion until I started on this week's lesson plan, but I feel it fits in with the lesson for this week. They were a major supplier of a few pharmaceutical products and have been struggling for a while, and attempted to sell the company last year. When there were no serious buyers they had to file for bankruptcy in February of 2023. I believe that it was very clear that bankruptcy was a possibility in the few years leading up to now.

The demand risks that I have chosen from Table 7.2 are warranty issues and new product information. These sections can be mitigated by a thorough and knowledgeable legal team. A good R & D process of other products in the market will also help avoid any mistakes to better product.

The process risks that I have chosen are inventory risks and time delays. Time delays can be dealt with by finding the correct balance of production and rest so as to not burn out the workers throughout the process, but also deliver an adequate amount of the product on time and in good condition. This can also be achieved by having an effective and lean supply chain that has efficiency in mind. Inventory management is also a crucial part of a supply chain. Knowing how much you have on hand, how much you predict will be sent out, and how long it would take to replenish the stock are time hacks and numbers that should always be under constant review to make sure a company is storing the right amount without having a shortage or surplus at any time.

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