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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Well-defined contracts help ensure suppliers meet expectations while protecting the buyer's interests. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. Conduct supply chain audits and due diligence on high-risk categories.

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Supply Chain Department – A Typical Structure

SCMDOJO

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. Are you a procurement manager who needs to optimize their spending? Access yours here! Negotiate contracts and evaluate suppliers.