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Supply-chain-management

Tips for Managing Supply Chain Risk

September 3, 2015

An unreliable or inconsistent supplier has the potential to cause any business—from a tiny restaurant to a huge estate—lasting damage. Successfully navigating the delicate balance of your business’ supply chain can present unique, never-ceasing challenges. To manage this ever-present risk, heed the following guidance when making any supply chain-related decisions:

Information is one of the most vital tools you need to avoid supply chain disruptions. Collect as much data as possible on your suppliers and backups to ensure that your business is prepared in the event of a serious disruption.

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