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The Textbook Lists the Following Activities as Supply Chain Risk

question 20

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The textbook lists the following activities as Supply Chain Risk Management activities:
1.Increasing safety stock and forward buying
2.Identify backup suppliers and logistics services
3.Diversify the supply base
4.Utilize a supply chain IT system
5.Develop a formal risk management program
For each also provide the downside of utilizing that particular strategy.


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Personality Research

The scientific study of individual differences in patterns of thinking, feeling, and behaving.

Predict Consistency

Predict consistency refers to the ability to foresee the stability of a phenomenon or behavior over time.

Real Life

Actual existence outside of and contrasting with theoretical, virtual, or fictional worlds, involving practical, everyday events and experiences.

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Patterns or tendencies in behavior observed over time in individuals or groups.

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