Rescuing suppliers

17 February 2009
According to a web story yesterday, Rolls Royce will consider offering its suppliers financial support amid the toil of the financial downturn. Mike Terrett, chief operating officer at the company said: "We'll take whatever action is needed to protect the customer and then use it as an opportunity to consolidate our bigger, stronger suppliers. It is an issue, but it is part of what we do daily." It seems the underlying message here is that some of its suppliers are just too important to go out of business. Would your organisation finance troubled suppliers? Are some of your suppliers too important to go out of business?
LATEST
JOBS
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
London
GBP40000 - GBP50000 per annum + Excellent Benefits Package
Bramwith Consulting
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE