Reading the danger signs
13 September 2012
When a critical supplier goes out of business, it can spell big trouble. Bob Bannister explains why purchasers are in a perfect position to spot the danger signs, and what they can do to minimise the risks
You know the scenario: everything is ticking along nicely, and then, out of the blue, one of your suppliers announces they’ve gone into liquidation, cutting off your supply chain a lot quicker than your stress levels would like.
It’s a familiar situation to many of us in the purchasing profession and we will have done very well not to experience it at some point...