A procurement team conducts a business continuity exercise and discovers a critical component has only a 3-day lead time buffer. Which action BEST addresses this supply continuity risk?
-
A
Immediately switch to a lower-cost alternative supplier
-
B
Establish a dual-source strategy and increase strategic buffer stock
-
C
Reduce order frequency to consolidate shipments
-
D
Outsource procurement management to a 3PL provider