Supply Chain Part I: New Supplier Validation & Best Practices
As a manufacturer, when one of your suppliers has an issue getting you components, it can create problems. When that problem gets compounded by a global pandemic, the results can be catastrophic. Whether it’s your direct supplier, or second, third, or forth tier suppliers, the issue is further intensified as other manufacturers are demanding the same parts or services. That’s the state of affairs we’re currently experiencing in this pandemic. More and more companies are looking to add new vendors to their supply chain, and the question becomes how can you validate suppliers and make sure your final selection will help to mitigate future risk?
What You Will Learn:
- Changing suppliers is a big deal. Find out what steps you can take to help ensure you partner with a good one.
- As part of this event, we will provide a template that you can use to evaluate, audit and ultimately partner with the best supplier for your company.
- Tips to keep you supply chain agile, manage supplier risk, and create long term stability