Saffron Retail: One Supplier, One Region, One Problem

Operations
hard40 min0 submissions
McKinsey
Scenario

Saffron Retail makes apparel retail products for India. A single supplier provides a component representing ₹188 Cr of annual spend — around a third of bill-of-materials cost — and there is no qualified alternative.

Procurement has found a second source. It would cost about 11.8% more per unit and take 11 months to qualify. The incumbent has hinted that splitting the volume would cost the company its current pricing tier.

Risk modelling puts the chance of a material disruption at that supplier at roughly 8% a year, with an expected outage of 8 weeks. Contribution margin at risk is about ₹1.08 Cr a week if the line stops.

The alternative supplier's plant is in the same region as the incumbent's.

Supporting data

risk model

expected outage weeks
8
annual disruption probability pct
8
contribution margin at risk per week cr
1.08

alternative

region
same as incumbent
qualification months
11
unit cost premium pct
11.8

current sourcing

suppliers
1
annual spend cr
188
share of bom pct
33
Your task

Advise the COO. Your answer should provide:

  1. Analysis — price the insurance. What does dual sourcing cost, and what expected loss does it avoid?
  2. Risks — including whether this second source actually reduces the risk you care about.
  3. Recommendation — a sourcing structure and volume split, with the trigger to revisit.

State any assumptions you make.

Ready to move forward? Up next: Verity Insurance: How Much Stock Is the Right Amount?Next question
How you'll be graded

80 points, 60% to pass.

  • recommendation15
  • market analysis20
  • risk assessment25
  • financial analysis20
Hint
Reveal suggested structure

Expected loss = probability x duration x margin per week. Compare against the annual premium of holding a second source. Then test whether the sources are correlated.