Kimberly Davis Rodriguez
Kimberly Davis Rodriguez, Managing Director, Stout Risius Ross, 248-208-8800, email@example.com
Peter Stenger, Director, Stout Risius Ross, 248-208-8800, firstname.lastname@example.org
All businesses have critical supplier relationships that could impact their ability to deliver quality products/services in a competitive manner. Interruptions can cause significant damage to both financial results (e.g., lost sales, idle facilities, consequential damages, etc.) and to your company image. Suppliers are also sources of innovation and features for the goods and services that your customers want, so maintaining the right suppliers is essential. In this article, we will address techniques for identifying and avoiding supplier based risk, and strategies for dealing with those that may eventually turn into troubled supplier situations.