In a variable supply market, What is the best way to tackle and minimize supply shortage? Should we move into international markets? Store higher inventory levels? or have a dedicated supplier?

The best way to minimize the supply shortage is to have a dedicated and reliable supplier. We can arrange a contract with this supplier. In addition, we need to have internally control and good management over our inventory and to receive the stock before reaching the safety stock. To have almost the right forecast and the lead time, to reschedule correctly the production and to measure through the KPI's. All this will lead to have a healthy inventory.