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To be able to build long-term collaborative relationships with the supplier, the supplier needs to have...

To be able to build long-term collaborative relationships with the supplier, the supplier needs to have a sound financial position. Apart from financial reports, what weak signals would indicate that things are going wrong with the supplier and that its continuity may be at stake? Give a few examples.

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Answer #1

Signs of a supplier might have financial issues is the inability to maintain deadlines, a lack of interest, as well quality of work. This could conclude that the supplier is unable to acquire materials need or failing in the security of the purchase. A supplier requesting more money than the purchase required to show good faith may be signs of that relationship may be problematic

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