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Supplier Risk With Long Lead Times

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Problem

Scenario

You're supporting a supply chain organization that depends on a small set of specialized suppliers for critical components. Some parts have long replenishment cycles, and a few are effectively single-source because of qualification, technical, or regulatory constraints. Leadership wants a clear way to identify where the biggest supply risks sit and how to reduce exposure without driving unnecessary cost or disrupting program schedules.

Question

How do you assess and manage supplier risk, particularly when dealing with long lead times or single-source suppliers?