How can we asses supplier overstretching?
We conduct full due dellegence including their financial capacity and stability, what other KPIs to consider before awarding several contracts to the same supplier?
I am with the idea of not investing all my eggs in one basket. It is too risky if they all of a sudden face any issue and this would compromise all my projects with this specific supplier.
Therefore, I though if there is a way to assess supplier overstretching, regsrdless if what they have on ground and on papers, a precautionary measurement to protect the organization from this risk.
Any thoughts?
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Map out the process in succession of setting up from scratch a division/department of Procurement in either small or medium business i.e. do you start with Strategic planning or Procurement work Plan and Why . In your response, dont forget to remember to highlight low hanging fruits on the process.
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