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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
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Question 186 - CSCP discussion

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A firm experiences a supply chain interruption from a second-tier supplier. Which of the following actions is the firm likely to take to minimize future interruptions?

A.
Require the supplier to submit weekly cycle count reports.
Answers
A.
Require the supplier to submit weekly cycle count reports.
B.
Require the supplier to implement a sales and operations planning process.
Answers
B.
Require the supplier to implement a sales and operations planning process.
C.
Map the supplier's supply chain to identify risks and opportunities.
Answers
C.
Map the supplier's supply chain to identify risks and opportunities.
D.
Conduct an ISO 14001 audit of the supplier.
Answers
D.
Conduct an ISO 14001 audit of the supplier.
Suggested answer: C

Explanation:

To minimize future supply chain interruptions from a second-tier supplier, the firm should map the supplier's supply chain to identify risks and opportunities. This involves:

Supply Chain Mapping: Creating a visual representation of the supplier's supply chain helps in understanding the flow of materials, components, and information.

Identifying Risks: By mapping the supply chain, the firm can identify potential points of failure, such as single-source dependencies, geographic risks, or capacity constraints.

Assessing Opportunities: Mapping also reveals opportunities for improvement, such as alternative suppliers, process enhancements, or inventory optimization.

Proactive Risk Management: With a comprehensive view of the supply chain, the firm can develop risk mitigation strategies, such as diversifying suppliers, increasing safety stock, or enhancing communication channels.

'The Supply Chain Risk Management Guide' by James B. Rice Jr. and Craig A. Zsidisin

APICS, 'Risk Management in the Supply Chain'

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asked 16/09/2024
Brian Carlo Hubilla
36 questions
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