Dealing With Troubled Suppliers

Author(s):

Mark Aiello
Mark Aiello, Partner, Foley & Lardner, Detroit MI 48226, 313/963-6200 maiello@foleylaw.com
John Trentacosta
John Trentacosta, Partner, Foley & Lardner, Detroit, MI 48226, 313/963-6200 jtrentacosta@foleylaw.com
Jeffrey J. Mayer
Jeffrey J. Mayer, Partner, Freeborn & Peters, Chicago, IL 60606, 312/360-6000 jmayer@freebornpeters.com

87th Annual International Conference Proceedings - 2002 - San Francisco, CA

Abstract

Recognizing and dealing effectively with troubled suppliers to your company is essential to your company's success. Being able to identify a troubled supplier is the first step to successfully addressing this potentially devastating problem. First you must understand that being troubled can be more than just financial unsoundness, but also managerial weakness. The health of your own organization may be at stake if your suppliers don't come through for you.