Sue Dixon MCIPS

5 ways to mitigate the risk of supplier failure

Major disruptions from COVID-19 continue across the globe and are forecast to continue into 2021 and any supply risks that are not managed will create vulnerability of supply. It’s important to assess those risks, shore up any weakness and create robust supplier relationships.

Realising the benefits of Supplier Relationship Management

There is a sound business case with significant advantages to be had for businesses that invest in Supplier Relationship Management (SRM).
By focussing on a few critical success factors and making use of the technology solutions that are now available, the full gains of closer collaboration and engagement with suppliers can be realised.