CPSM Exam 3 Practice Questions - CPSM Exam 3 - Leadership And Transformation In Supply Management Exam

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During an enterprise risk assessment, the supply management team identifies that 60% of revenue-critical components come from a single-country supplier base. Which response BEST addresses this concentration risk?

Increase safety stock to cover 180 days of demand Develop a multi-year geographic diversification strategy for the supply base Negotiate shorter lead times with current suppliers Switch all sourcing to domestic suppliers immediately

Correct Answer:

Develop a multi-year geographic diversification strategy for the supply base

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