Certification in Supplier Diversity Practice Exam 2025 - Free Practice Questions and Study Guide

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What is a key aspect of the geographic approach to supply management?

Focusing on local suppliers only

Finding a supplier for all units worldwide

The key aspect of the geographic approach to supply management is the strategic consideration of the supply chain's geographic diversity and the pursuit of suppliers that can meet the needs of all units worldwide. This approach allows companies to tap into a global network of suppliers, ensuring that they can source materials and products efficiently from various locations. It facilitates access to different markets, helps mitigate risks associated with supply disruptions, and can lead to cost savings through various sourcing strategies.

By leveraging suppliers from multiple regions, organizations can enhance their flexibility and responsiveness to changing market conditions, customer demands, and other external factors. This global perspective supports a more robust and resilient supply chain strategy, aligning with broader organizational goals while adapting to local market needs when necessary.

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Eliminating regional considerations

Designating suppliers based solely on cost

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