Gary Klow Supply Chain Risk Management

Broadcast in Business

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The economy is putting many suppliers at risk of going out of business. To mitigate risks due to supplier's at risk, innovative companies are providing support to help their suppliers. Provide financial support and organizational development to suppliers. Constantly monitor suppliers' capabilities and work with at risk suppliers to help them survive and be profitable. Companies build a long-term relationship that leads to cost reductions and better responsiveness from their suppliers. The relationship built will also last and give you a competitive advantage when the economy picks up again.