Which of the following responses to risk best describes the evolving concept of flexibility in supply chain risk management?
Which of the following responses to risk best describes the evolving concept of flexibility in supply chain risk management?
Flexibility in supply chain risk management refers to the ability to quickly adapt to changes or unexpected events while still maintaining customer service levels. This encompasses the concept of being agile and responsive to fluctuations in demand, disruptions, or unforeseen circumstances. The other options focus on specific capabilities within the supply chain but do not fully capture the broader idea of flexibility in dealing with risks.
why not B?
Flexibility in supply chain risk management is about being agile and adaptive to various changes or disruptions while still maintaining customer service levels. This can include responding to fluctuations in demand, unforeseen events, or disruptions in the supply chain. The other options may contribute to supply chain flexibility but do not fully capture the evolving concept of flexibility in supply chain risk management as a whole.
Flexibility in Risk management is about managing volatility and disruptions without impacting customer service level
The answer is B. The ability to react quickly to changes or events while maintaining customer service levels.
Answer would be A. right? C seems to be for redundancy or resiliency
C is correct flexible supply chain strategies, diversification, and redundancy, such as the ability to produce the same part at all plants rather than specializing at each plant.