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The government has helped bail out Chrysler. The government has not bailed out its suppliers. And now Chrysler is looking to get back in the game on the backs of its suppliers, who, if they are still in business, are not eager become lenders to their customers. Chrysler has received over $10.4B from the government so far. And now it [...] I read today’s WSJ article about how customers are using their suppliers to improve their own cash flow: Big Firms Are Quick to Collect, Slow to Pay and thought, same old, same old. I addressed this phenomenon in an early blog post: Another Kind of Banker – Your Supplier? This situation has been going on at [...] Supply managers and buyers have always had the challenge not just of finding suppliers but finding suppliers who are both high-performing and “best value”. Numerous supplier evaluation and supplier performance management software solutions are now available, where ten years ago very few options existed. Most options that I’m aware of are either SaaS (software as a [...] The pace of product recalls and supply risk fears have been increasing. I get quality news updates, and in just one week here were some of the headlines: Volvo Recalls Sedans in China Body Defect Leads Volkswagen to Recall Touaregs Georgia Company Recalls Anaheim Peppers More Dry-Milk Products Are Recalled South Korean Snack Firms Ordered to Recall Products Baguettes Recalled in Canada Medtronic [...] If you ever thought that you could leave product recalls up to retailers and manufacturers, think again. That was risky enough. Now there’s a new risk, according to article today in the WSJ, that you need to worry about – which suppliers produced the items at your neighbor’s yard sale and whether the items have been [...] With supplier bankruptcies a daily occurrence, to say that the topic of supplier risk has become hot is an understatement. The challenge is what to do about it. Someone recently asked me whether there are any KPIs you can use to measure supplier risk. There are, but developing those KPIs is a business process that goes [...] |
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