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What is Supplier Risk Management?

Art of Procurement

Supplier risk management is the effort associated with identifying, assessing, mitigating, and monitoring risks associated with an organization’s third party. The post What is Supplier Risk Management? appeared first on Art of Procurement.

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Relationship Building: The Key to Effective Risk Management in Procurement

Art of Procurement

The post Relationship Building: The Key to Effective Risk Management in Procurement appeared first on Art of Procurement. “You need to know your suppliers, what they can and what they can’t do, and what they’re ready to do.

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Your procurement compliance and risk management checklist

Bonfire

We recently chatted with seasoned procurement pros at our OntarioTalk event, and they had some great compliance advice that applies to all jurisdictions. Lawrence College Luca Del Grosso , Manager of Procurement at Technical Standards and Safety Authority They all shared their experiences and what worked well in their agencies.

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Risk Management Requirement for Financial Services Procurement

ivalua

The post Risk Management Requirement for Financial Services Procurement appeared first on Ivalua.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Herculean efforts by Procurement and Supply Chain departments to keep supplies flowing have prevented even more extreme disruptions than what we’ve experienced, but have inadvertently created additional risks. . Rather than disrupt supply, let’s disrupt supplier management. But a radical rethink is needed to succeed.

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In the Middle East, the Need for Risk Management Guides the Transformation Journey to Procurement 4.0

ivalua

Risk management, cost reduction and digital transformation — these are the three top priorities for procurement organisations in the Middle East today, according to a global survey conducted by Ivalua’s global partner PwC. Strategic Investments Target Risk Reduction. This is particularly true in the Middle East. “The

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Be Prepared: Improving Supplier Risk Management In Your Business

ivalua

Supply chain management and procurement sit poised on the frontlines of managing global supply risks for their brands. That’s why companies are always looking for new ways to streamline and increase efficiencies while also mitigating the risk within their supply chain. Understanding Supplier Risk Management.