How could your supply chain be impacted by a natural disaster, another recession, or limited inventories? To what extent is continuity reliant upon their suppliers’ suppliers, their suppliers’ customers, or their supplier’s customers’ end markets?
Mitigating supplier risk is good business, helping to prevent shortages and take advantage of market fluctuations. The business value to the organization can be immense, through newfound abilities to manage volatility, predict and capitalize upon price fluctuations, minimize supplier and material costs, isolate and mitigate risk, establish disaster preparedness, respond to supply chain failure, ensure continuity of supply, and operate more profitably.
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