Four Ways to Manage Supplier Risk
podcast episode with speaker Greg Hutchins
Covid taught all of us the importance of managing suppliers, especially those from China and Asia. Risk became the top supply management concern over supplier delivery, quality, and cost. For example, just in time deliveries became just in case. Many common sense ideas of lean changed. Incoming, in process, and final inventories rose. Overall costs increased. Risk became the overarching concern for managing suppliers. [Read more…]