Supply chain video: Preparing for the worst, managing supplier risk in the downturn (Part 2)

Filed in archive Supply chain video on June 30, 2009

This is the second part of the video presentation from Professor Rob Handfield in the PMMS Leadership in Procurement from the 2009 on supply chain risks in this economic downturn. In this part, he highlights that a charactaristic of high performance in not simply laying off people and go for radical cost reduction. He believes that's the time where supply chain leadership is necessary more than ever and more balanced strategies are required.




He talks a bit the tight credit these days and the problems which are created for companies' supply chains because of this: In such situations, there is more chance of your suppliers going bankrupt and you will suddonly end up with immediate procurement risk. So what should you do?