* Assess Risk: Understand the risk associated with terminating a supplier and the impact on the supply chain.
* Continuity of Supply: Ensuring that there is no disruption in the supply of critical materials or services is paramount.
* Strategic Planning: Developing a comprehensive exit strategy that includes alternative suppliers or contingency plans.
* Minimizing Impact: Minimize any negative impact on production schedules, customer commitments, and overall supply chain stability.
References
* Supplier Exit Strategies
* Risk Management in Supply Chain
* Continuity Planning Resources