CLICK TO WATCH : CREDITSAFE : THE FACTS 37 of ignoring appropriate supplier insurance , couple this with a lack of financial research regarding potential new suppliers and your issues begin to stack exponentially .
If you are using adequate insurance , don ’ t just stop there . Businesses need to be reassessing their policy renewal periods and expiration dates to ensure the protection can be sustained throughout the entire procurement period and continue to be cost effective . Teams should be clued up on this and if they cannot be trusted to maintain these buffers of protection themselves , then
external personnel should be considered to assist in this role .
Regardless of how you decide to ensure your supply chain management is more effective in 2019 , ensure you do your due diligence and assess all risks appropriately . 2019 could be a tough year for many with increased external pressures , with this in mind , don ’ t forget to remember the employees and supply chain personnel you are working with are all human , too .
www
. supplychaindigital . com