Disable ads (and more) with a membership for a one time $2.99 payment
What is meant by supply chain resilience?
Maintaining consistent inventory levels during demand fluctuations
Anticipating and making plans to avoid disruptions
Minimizing logistics costs through optimization
Increasing market share through aggressive marketing
The correct answer is: Anticipating and making plans to avoid disruptions
Supply chain resilience refers to the ability of a supply chain to anticipate, prepare for, and respond to unexpected disruptions while maintaining operations and ensuring continuity. This involves not only preparing for potential risks but also having contingency plans in place to minimize the impact of these disruptions. By focusing on anticipating and making plans to avoid disruptions, organizations can proactively manage risks associated with supply chain operations, which is a crucial aspect in today’s complex and often unpredictable market environments. In contrast, the other options focus on different aspects of supply chain management. Maintaining consistent inventory levels relates to inventory management practices, which are important but do not directly address resilience. Minimizing logistics costs through optimization concentrates on cost efficiency, which is a goal but does not inherently contribute to the ability to withstand disruptions. Increasing market share through aggressive marketing pertains to competitive strategy rather than the structural or operational capabilities of a supply chain, which are essential for establishing resilience. Thus, the correct notion of resilience encompasses preparation and proactive planning for unexpected challenges.