When it comes to sourcing hardware components, mitigating vendor risk is paramount. Here's how to tighten your safety net:

• Diversify suppliers: Don't rely on a single source; spread your risks across multiple vendors.

• Conduct due diligence: Regularly assess vendors for financial stability, reputation, and compliance.

• Negotiate strong contracts: Include clauses for quality control, delivery timelines, and penalties for non-compliance.

How do you manage vendor risks in your sourcing process? Share your strategies.