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The Role of Strategic Purchasing and Supply Management in Risk Management

Some of the most valuable assets the purchasing team can bring to an organisation is due diligence of vendor rating and regular detailed monitoring of supplier performance.

Information about The Role of Strategic Purchasing and Supply Management in Risk Management

Procurement’s profile in organisations is on the increase. A wider spend remit is being influenced and internal barriers are being broken. Some of the most valuable assets the purchasing team can bring to an organisation is due diligence of vendor rating and regular detailed monitoring of supplier performance to identify, monitor and manage enterprise-wide risks whilst encouraging innovation and continuous improvement.

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