What are the best ways to mitigate supplier quality risks?
Supplier quality risks are the potential negative impacts of poor or inconsistent quality from your suppliers on your business performance, customer satisfaction, and reputation. These risks can range from delays, defects, recalls, to compliance issues, lawsuits, and loss of market share. As a logistics manager, you need to have effective strategies to mitigate supplier quality risks and ensure your supply chain is resilient, efficient, and competitive. Here are some of the best ways to do that.