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azamat
1 year ago
10

How can financial risks in a supply chain be managed?

Business
1 answer:
Sladkaya [172]1 year ago
8 0

The financial risks in a supply chain be managed by using a new low-cost source of supply, hedging, and by reducing unnecessary costs in supply chain operations.

In order to manage supply-chain financial risk, one should have an in-depth understanding of their suppliers before contracting them. As this allows you to build better working relationships and minimize your vulnerability to risks. Thus, before signing the contract, check the financial stability and viability of each supplier.

Risk management is very important in supply chain, as it is a key in eliminating waste and stimulating other best practices within the supply chain for better efficiency.

Thus, wasting resources can add risk to the organization and supply chain.

To learn more about supply chain here:

brainly.com/question/17191657

#SPJ4

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$3.62

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=  $726,100

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= $3.62

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Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales
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Northern region                     25,500                              33,300

Southern region                     27,500                              28,900

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Closing inventory                     900                                     2,700    

Total units to be produced     52,700                               62,400

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3 years ago
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A perfectly competitive firm is a price taker, which implies that it must acknowledge the equilibrium price at which it sells products. In the event that a perfectly competitive firm attempts to charge even a modest sum more than the market price, it will be not able make any sales.

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