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If you are a small business operating as a single entity with one warehouse and site, most of your suppliers will have a handshake relationship. But as you grow, you are going to add more sites. Each site may have its procurement functions and may manage its supply chain. This is where having accurate supplier intelligence and a comprehensive risk profile of suppliers becomes important.
In today's episode, we have our guest, Matt Keyes, who describes the importance of supplier intelligence and how that helps uncover supply risks before it's too late. He also discusses how centralized relationships can help companies save money through centralized contract and supplier profiles. Finally, he describes supply chain risk concepts through the stories of his recent engagements.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation