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Preparing a second source after repeated supplier delays is an example of which function?

Answer and explanation

Correct answer: Supply risk management

Supply risk management identifies possible disruptions and prepares alternatives so that operations do not depend entirely on one supplier. A second source can reduce the effect of delays, shortages, or failure of the original supplier. Pricing, promotion, and customer segmentation may be useful elsewhere, but they do not provide supply continuity.

Related tags

Supply Risk ManagementSupplier DiversificationContingency PlanningQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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