The need for risk management increases as globalization of supply chains increases.Group startsTrue or False

Which of the following supply chain disruption risk mitigation strategies can also improve supply chain cost efficiency?Group of answer choicesHaving multiple suppliersIncreasing inventory levelsAdding capacity at different locationsReducing supply chain complexity

Which category of supply chain risk results from unanticipated increases in acquisition costs resulting from fluctuating exchange rates or supplier price hikes?Group of answer choicesForecast riskReceivables riskProcurement riskDelay risk

Which category of supply chain risk results from a mismatch between a company’s projections and actual demand?Group of answer choicesSystems riskInventory riskForecast riskCapacity risk

"It is becoming apparent that the ability to manage global supply chains has become increasingly significant in determining competitive capability." Explain why this may be the case. Discuss some of the benefits and difficulties in managing supply chains at this level.

What potential challenges might organizations face when mapping supply chains?  A. Insufficient demand forecasting  B. Excessive supplier collaboration  C. Limited technological advancements  D. Inadequate risk management