ECONOMICS
DIVISION OF LABOR AND SPECIALIZATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Continuance of work in other production stages
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Comparison of work in other production stages
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Slow down of work in other production stages
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Stoppage of work in other production stages
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Detailed explanation-1: -A supply chain disruption is any event that causes a disruption in the production, sale, or distribution of products. Supply chain disruptions can include events such as natural disasters, regional conflicts, and pandemics.
Detailed explanation-2: -Safety stock inventory, sometimes called buffer stock, is the level of extra stock that is maintained to mitigate risk of run-out for raw materials or finished goods due to uncertainties in supply or demand.
Detailed explanation-3: -Decoupling inventory is the term used when product manufacturers set aside extra raw materials or work in progress items for all or some stages in a production line, so that a low-stock situation or breakdown at one stage doesn’t slow or stop operations.
Detailed explanation-4: -Pandemics. In the previous year, we’ve seen how the Covid-19 (novel coronavirus) epidemic wreaked havoc on global supply chains across sectors. Natural Disasters. Logistics Delays and Failures. Price Fluctuations. Cyberattacks. Product Problems. 27-Dec-2022