Ford's Lessons For Supplier Management.

Ford did some things right during the Bridgestone/Firestone tire re recall crisis. But company managers made a few missteps as well. Here is a look at the crisis from a supplier management perspective and the lessons it holds for risk managers.

Much is at stake during a product recall. If not handled properly, a company could pay dearly--with lawsuits and with loss of reputation to the brand and company. But what if the recall involved a supplier's product and the supplier's many blunders were entangling your company in a high-profile fiasco?

Ford Motor Co.'s…