5 Ways To Protect Your Company If Your Supplier Goes Out Of Business
In today's precarious economy, you need to be concerned about more than your own company's health. You also have to pay attention to the state of your suppliers' affairs. When a struggling vendor goes out of business, you might find yourself scrambling to fulfill your own orders. And, of course, even a solvent supplier can experience a major disruption due to flooding, a fire or another calamity. The consequences for your business, however, can be dire - anything from lost sales to a more substantial threat to your bottom line. "Losing a supplier potentially is a very, very serious problem, and it can make or break a company,"