Your vendor network is at risk of disruptions. How can you safeguard it proactively?

Vendor disruptions can cripple your operations, but proactive measures can help secure your supply chain. Consider these strategies to fortify your vendor network:

• Diversify your suppliers: Relying on multiple vendors reduces the risk of disruption if one fails.

• Regularly evaluate vendor performance: Frequent assessments ensure reliability and prompt action if issues arise.

• Develop a contingency plan: Have backup options ready to activate in case of unexpected disruptions.

What strategies do you use to safeguard your vendor network?