Reference no: EM131881054

Your company produces medical devices and purchases plastic molded fittings from a company in Beijing, China. It is rumored the Chinese supplier is being acquired by a plastics company in Saratov, Russia. If this acquisition is completed, the fabrication of the plastic fittings will be relocated to Saratov. It is expected to take six months to transition production to the new location once the agreement is signed. 

The current situation with the Chinese supplier has not been good. It is behind on deliveries due to shortage of plastic resin from its supplier as well as transportation delays coming into the U.S. due to backups at the West Coast sea ports. This has caused back orders to your customers.

While you are working to close the gap in current supply, you know this change in supplier location will only add to additional risk to your supply chain.

Using 3-slides via a PowerPoint^® presentation (with speaker notes), define "benchmarking to mitigate risk" within the 3 categories listed below:

1. Process
2. Critical Factors
3. Different styles of benchmarking

Format your presentation consistent with APA guidelines.