Innovative Approaches to Supply Chain Risk
AUGUST 5, 2014
A major earthquake in Taiwan. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons. Mitigating Risk – inventory tracking and dual sourcing are considered to be the most effective risk mitigation strategies.