All businesses, regardless of size, rely on suppliers. From raw materials for a major manufacturing business, components for a production line or even courier services for an independent local florist. A businesses reputation lives or dies on its ability to deliver its products and services and like it or not, suppliers are a key part of that process.
A reduction in service from a single suppler can have severely damaging implications on a business and often multiple businesses in the supply chain. It is therefore vital that a business knows and can monitor the health of their suppliers, allowing them to deal with any potential problems before a crisis develops. Red Flag Alert (RFA) contains accurate records on all UK businesses and includes a monitoring function that allows you receive notifications on any business when there are any changes in their financial health which could be a pre-cursor to a reduction in service. Thousands of updates are made daily meaning the data within Red Flag is the most up to date in the market. As a bare minimum the notification function allows a business to have an informed discussion with the supplier and find out the situation before the bottom line, customers, and business reputation are affected.
To discuss how Red Flag Alert can help you and your business please call us on 0344 412 6699. Lines open 9am to 5pm Monday to Friday