How do you manage supplier quality management risks and opportunities in times of crisis or uncertainty?
Supplier quality management (SQM) is the process of ensuring that the products and services delivered by your suppliers meet your expectations and standards. SQM is crucial for maintaining customer satisfaction, reducing costs, and improving performance. However, SQM can also face many risks and opportunities in times of crisis or uncertainty, such as supply chain disruptions, demand fluctuations, regulatory changes, or innovation opportunities. How do you manage these challenges and leverage these opportunities effectively? Here are some tips to help you.