Let’s say you have a number of key suppliers who have been supplying products and services to you for awhile now – over a year. Their service, support, and product quality is acceptable at this time.
But you know the only constant is change, and you know Mr. Murphy has lots of relatives sniffing around at your suppliers’ establishments.
What kinds of supplier risk mitigation procedures do you employ for suppliers like these beyond the basics? I’m thinking along the lines of what kind of notice or control do you want if your supplier changes or wants to change sub-tier suppliers?
Thanks in advance!
But you know the only constant is change, and you know Mr. Murphy has lots of relatives sniffing around at your suppliers’ establishments.
What kinds of supplier risk mitigation procedures do you employ for suppliers like these beyond the basics? I’m thinking along the lines of what kind of notice or control do you want if your supplier changes or wants to change sub-tier suppliers?
Thanks in advance!