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5 Steps to Evaluating Your Vendor's Financial Stability
Your organization probably takes great care to maintain its financial stability year after year. However, do you consider the financial stability of your vendors? When a vendor has poor financial stability, you may see a decline in service levels, termination of products or services, and rapid staff turnover.
Since these issues affect your business operations, periodically review your vendor’s financials as a part of your ongoing due diligence.