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Lean supply chain implementation and risks

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It is possible to implement a lean supply chain while using a global supply chain however the process must be implemented in a safe manner. The key is to hedge the different risks involved.

How does a company implement a supply chain given all the risks that affect a company? In addition, how does a company hedge the various risks

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Solution Summary

The solution discusses implementation of lean supply chain and hedging of risks.

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A company can implement a supply chain with all the risks affecting the company by clearly analyzing all the risks in advance and developing a strong risk management plan to go with the implementation plan. The risk management plan will allow ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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