Getting Ready for a Recession: How to use vendor management to prepare for and weather the storm
Your vendor management program can mitigate the pain of a recession. So, as you review and revise your plans, using your vendor management system wisely can make a big difference in how well your credit union or bank will meet the challenges of a struggling economy.
Beware of contract deadlines: the clock keeps ticking
The clock keeps ticking, even in a pandemic. Even though your attention has to be focused on a multitude of pressing matters, contracts still automatically renew, and they still need your attention.