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Supply Chain Risk Mitigation

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What factors (risks) can potentially disrupt a supply chain, and how?
What factors are the largest contributors to flexibility? Explain each of them.
How is a multiple linear regression model useful in measuring flexibility?
Explain the process of contingency planning.

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Solution discusses the multiple linear regression model useful in measuring flexibility

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Short Supply Chain Questions

Could you provide your feedback to these supply chain questions below? Please post your feedback within 200 words or so. Thank you.

1. I have wondered how "portable" the Six Sigma culture would be. What is the value placed upon having a Six Sigma background when changing jobs or careers? I expect it will increase in value as more organizations use it or similar quantifiable quality production methods. "Quantifiable quality." That's somewhat of an oxymoron, isn't it?

2. I would agree that a lot of people didn't see the tsunami coming. However, don't you think that after Katrina, some of these people would get a clue that natural disasters do occur and risk mitigation has to be part of the business plan? Hmmm. Maybe putting up a sign that says don't be greedy is risk mitigation. Or at least limiting the flow of inventory for sale.

3. What can a global organization do to rely on these methods to become more competitive and efficient?

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