How do you negotiate with suppliers to secure alternative sources during supply chain disruptions?
Navigating supply chain disruptions requires agility and a proactive approach, especially when it comes to maintaining a steady flow of goods. As someone involved in retail operations, you understand the importance of having reliable suppliers. But what happens when your usual supply lines are compromised? Negotiating with suppliers to secure alternative sources is a critical skill. It involves understanding market dynamics, leveraging relationships, and being creative in problem-solving. Whether it's due to unexpected demand, natural disasters, or geopolitical tensions, having the ability to quickly pivot and negotiate effectively with new or existing suppliers can keep your operations running smoothly.