How to Recognize and Manage Supplier Red Flags
Originally featured in Future of Sourcing Global trends, including the COVID-19
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Diverse vendors are typically smaller and more agile than their larger counterparts, and this unlocks an ability to move with greater flexibility and ease. As a result, this allows companies to benefit from greater innovative leaps.
An inclusive procurement strategy widens the pool of potential suppliers and promotes competition in the supply base, which can improve product quality and drive down costs. By providing more sourcing options, inclusivity can make supply chains more resilient and agile.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the differenceSchedule a demo