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Risk Management in Procurement: Strategies and Tools for Success

Empowering CPO

Effective risk management in procurement is crucial to ensure uninterrupted supply chains, maintain cost-efficiency, protect organizational reputation, and ensure compliance with legal and regulatory requirements. Engaging suppliers in joint risk management activities can result in more resilient and reliable supply chains.

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Why Procurement Pros need to understand Contracts

World of Procurement blog

This is why you need to understand the terms, issue RFPs that contain Contract Terms that ensure you get the results from the Procurement that you need to undertake the work. Too often, Contracts are the last thing on a Procurement Pros mind but it deserves equal attention to preparing the RFP. It should be in the RFP.