Question 2 (10 marks) – Supplier & Inventory Management

“TESLA raised prices for all its car models in the United States, its latest price hike amid ongoing global supply-chain issues. The electric carmaker increased its Model Y long-range price to US$65,990 from US$62,990… The price hike comes as costs of raw materials have surged, including aluminum that is used in cars.”

Confronted by inflationary pressures and supply chain disruptions caused by the pandemic, Ukraine war, abrupt policy changes made by certain countries, evaluate and recommend four ways how

(a) real-life company of your choice) can better manage its inventory and supply chain