26/07/2022
When circumstances force you to cancel or modify purchase orders or binding supply agreements, you need to look closely at the costs associated with the cancellation or modification of such documents. What type of costs will you possibly incur? Is it possible to mitigate these costs? If so, how?
Check out this article to learn how to protect your company in these circumstances, minimize financial or legal headaches and shield yourself from unnecessary financial exposure.
Poor supplier performance can result in significant (10-20%) indirect costs. However, by applying certain risk management practices to your operations, you can reduce your risk significantly.