Troubled suppliers and established risk mitigation technique

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Reference no: EM132295018

Your company produces jet skis for the U.S. market. One of your key suppliers of engine components has filed Chapter 11 bankruptcy. Your company is hitting its peak production season and has sales forecasts of 2,000 units per week for the next 12 weeks. Your supplier has enough remaining inventory of components to support your production for 4 weeks. Explain how you will identify and onboard a new supplier to ensure the continued supply of components. Describe the impact of the supplier's previous Chapter 11 bankruptcy on potential supply. Discuss your options relative to your customer communications during this critical period. Include examples of how other companies have worked with troubled suppliers and established risk mitigation techniques.

Reference no: EM132295018

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