You're facing potential inventory disruptions. How can you diversify your supplier base to mitigate the risk?
Facing inventory disruptions? Diversifying your supplier base is key. Here's how to mitigate risks and keep your supply chain resilient:
- Explore local and regional suppliers who may offer more flexibility and shorter lead times.
- Establish relationships with multiple suppliers for the same product to avoid dependency on a single source.
- Regularly assess the market for new suppliers and stay informed about industry trends that might affect supply.
How do you approach diversifying your supplier network? Share your strategies.
You're facing potential inventory disruptions. How can you diversify your supplier base to mitigate the risk?
Facing inventory disruptions? Diversifying your supplier base is key. Here's how to mitigate risks and keep your supply chain resilient:
- Explore local and regional suppliers who may offer more flexibility and shorter lead times.
- Establish relationships with multiple suppliers for the same product to avoid dependency on a single source.
- Regularly assess the market for new suppliers and stay informed about industry trends that might affect supply.
How do you approach diversifying your supplier network? Share your strategies.