Collecting and Sharing Information with Supply Chain Partners Can Be

question 61

Multiple Choice

Collecting and sharing information with supply chain partners can be accomplished by which risk management activity?

• A) Increasing safety stocks/forward buying
• B) Identifying backup suppliers and logistics services
• C) Diversifying the supply base
• D) Utilizing a supply chain IT system

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Definitions:

Active Listening

Active listening is a communication technique that involves giving full attention to the speaker, understanding their message, responding thoughtfully, and remembering the conversation later.

Global Mindset

The ability to understand, respect, and operate effectively across diverse cultures, markets, and global dynamics.

Think Locally

An approach or mindset that prioritizes understanding and addressing the needs, conditions, and characteristics of the local community or market.

Act Globally

A strategy or approach that involves thinking and acting with a worldwide perspective, recognizing and leveraging global opportunities and challenges.