The Procurement Signal

#12: Perform financial checks on your suppliers, without the analysis!


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Nothing kills a procurement career faster than a critical supplier vanishing overnight. But for lean teams without a massive budget for third-party risk reports, how do you actually perform due diligence without an accounting degree?

Today, we’re diving into a simple, three-tiered approach to evaluating supplier solvency. We move past the jargon to give you the exact questions to ask and the specific "red flag" phrases to watch out for in annual reports and CPA letters.

Key Takeaways:

  • The Open Books Club: Navigating public annual reports.
  • The Solvency Shortcut: What to ask for when a private company won't share their books.
  • The Startup Runway: Measuring risk in emerging, high-growth partners.
  • Frequency Matters: Why due diligence is a marathon, not a sprint.



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Our website: www.procurementsignal.com

Check out the book, Rewire Procurement - https://amzn.asia/d/08kJB3rt

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The Procurement SignalBy Leroy Lobo