During my time in credit management, I’ve often heard the following: “We can survive if a customer goes bad, we cannot survive if one of our primary or secondary vendors has an interruption in delivering product, raw materials or services to us. For that reason, we invest an equal amount of resources investigating our vendors.”
Responding to members requests, CMA is establishing the SUPPLIER RISK CREDIT GROUP for companies that have expanded the credit departments’ risk management role to include key suppliers. There has been a tremendous increase in companies evaluating the risk and cost of business disruption when vendors are unable to deliver goods for reasons ranging from economic to political. Credit Managers deal in risk evaluation daily, they have the skill set necessary to transition from customer analysis to vendor.
This new group will help companies assess their exposure to vendor failure, develop, implement and maintain a process to evaluate risk and gather business intelligence more efficiently and cost effectively.
CMA invites you to attend a complimentary organizational meeting to explore the benefits and features of a Supplier Risk Credit Group.
RSVP to firstname.lastname@example.org and we’ll save a seat — either virtually or in-person — for you.
We hope to see you there!