Avoiding And Addressing Troubled Supplier Situations
Sheryl Toby, Co-Practice Group Leader, Dykema Gossett PLLC., 313-568-5407 or 312-627-2300; firstname.lastname@example.org
Ronald L. Rose
Ronald L. Rose, Co-Practice Group Leader, Dykema Gossett PLLC., 313-568-6553 or 312-627-2197; email@example.com
91st Annual International Conference Proceedings - 2006 - Minneapolis, MN
In today's economy, the news is filled with stores of financial woes or bankruptcies of suppliers. Causes for the financial situations can vary but with the current environment of increased raw material and other costs, the number of supplier troubled companies is also likely to continue to rise. To prevent disruption to your business, as a customer of the suppliers, and to assure a safe source of supply for your production, you must stay on top of your suppliers' situations. This article is intended to provide you with a checklist and summary of the signs of trouble you should look for and the steps you should take to effectively avoid disruption to your supply chain.