High Supply Risk: Climate change is disrupting major rice-producing countries like Thailand and Vietnam. Limited global trade availability (only 7-10% of total production is exported). Currency fluctuations, freight costs, and government policies further threaten supply stability.       2. High Impact on Business:   Rice is a staple food in Singapore, crucial for national food security. A supply shortage could lead to price inflation and food security concerns. Dependence on a few key suppliers makes supply chain diversification challenging. Procurement Strategy for Singapore:   Diversify sourcing (e.g., increase imports from Myanmar). Invest in climate-smart rice research to improve resilience. Stockpile rice reserves to buffer against supply shocks. Strengthen trade agreements with key exporters like Thailand and Vietnam.   Solution Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food security). Based on above are my earlier assessment and categorisation of rice in Singapore’s overall foodsupply, appraise three (3) strategies for existing supplier base management. Useown words and avoid giving generic answers.

Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 1.7A: Avion, Inc. Susan Dey and Bill Mifflin, procurement managers at Avion, Inc., sat across from each...
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  1. High Supply Risk:
  • Climate change is disrupting major rice-producing countries like Thailand and Vietnam.
  • Limited global trade availability (only 7-10% of total production is exported).
  • Currency fluctuations, freight costs, and government policies further threaten supply stability.

      2. High Impact on Business:

 

  • Rice is a staple food in Singapore, crucial for national food security.
  • A supply shortage could lead to price inflation and food security concerns.
  • Dependence on a few key suppliers makes supply chain diversification challenging.

Procurement Strategy for Singapore:

 

  • Diversify sourcing (e.g., increase imports from Myanmar).
  • Invest in climate-smart rice research to improve resilience.
  • Stockpile rice reserves to buffer against supply shocks.
  • Strengthen trade agreements with key exporters like Thailand and Vietnam.
 

Solution
  • Rice should be positioned as a Strategic Item in Singapore's Kraljic Matrix due to its high supply risk and high impact on business (food security).

Based on above are my earlier assessment and categorisation of rice in Singapore’s overall food
supply, appraise three (3) strategies for existing supplier base management. Use
own words and avoid giving generic answers.

 

 

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