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Normally, we adopt two supplier sourcing strategy in BCP Norms. What would be strategy, if required source is only in our surrounding and have its monopoly benefit? Share your opinion or advise
I trumbled a bit to understand the issue , a good answer would be : do you have your sole supplier BCP plan ? do you have the right to audit the supplier to confirm it is working ?
Assuming you have no other option then a good contract combined with a good insurance policy will do the trick.
interested in other views as well
It really depends upon what is being supplied. If it is a raw product, then the storage location could be duplicated within the same geography. As there is a monopoly, I would have to ensure that the source has adequate resilience in place and has considered the high impact/low probability threats.
Some major factors moving companies toward using fewer suppliers are investigated along with the advantages and characteristics of a good buyer-supplier relationship and the problems with long-term relationships.company can be highly involved with only a limited number of suppliers and needs a variety of relationships—each providing its different benefits
I am more going to Mark point of view it depends on what is being supplied.Iin addition we must conduct a Vendor assessment and have an SLA with the vendor and increasing the stock .
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟