Supply Chain Management Professional (SCMP) · Question
Which of the following is a common method for mitigating supply chain risk related to a single source of supply?
Developing alternative suppliers diversifies the supply base and reduces dependence on a single source, mitigating supply chain risk.
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Question: Which of the following is a common method for mitigating supply chain risk related to a single source of supply?
Answer options:
- Increasing inventory levels indefinitely ✅ Developing alternative suppliers
- Reducing quality control measures
- Negotiating longer payment terms
Correct answer: Developing alternative suppliers
Explanation: Developing alternative suppliers diversifies the supply base and reduces dependence on a single source, mitigating supply chain risk.
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