You're facing shifting market conditions. How should you modify your vendor selection criteria?
With markets shifting, re-evaluating your vendor criteria is crucial for resilience. To adapt effectively:
- Assess financial stability. Prioritize vendors with robust finances for long-term reliability.
- Evaluate adaptability. Choose vendors that demonstrate flexibility and quick response to change.
- Scrutinize communication practices. Strong, clear communication is essential in uncertain times.
How have you adjusted your vendor criteria in changing markets?
You're facing shifting market conditions. How should you modify your vendor selection criteria?
With markets shifting, re-evaluating your vendor criteria is crucial for resilience. To adapt effectively:
- Assess financial stability. Prioritize vendors with robust finances for long-term reliability.
- Evaluate adaptability. Choose vendors that demonstrate flexibility and quick response to change.
- Scrutinize communication practices. Strong, clear communication is essential in uncertain times.
How have you adjusted your vendor criteria in changing markets?
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