Far from simple cost-management, supplier
selection encompasses factors that have
a direct impact on the organization. The
tools and strategies procurement uses to
manage suppliers help the organization
address challenges related to supplier risk,
business continuity, and resilience in the
face of disruption.
According to ProcureCon’s report
Procurement in the Driver’s Seat, 66% of
procurement professionals felt that they
were challenged by a lack of general buy-in over how much influence their group
should be able to exercise in this area.
As procurement seeks to solidify their
influence and grow their relationships with
key business stakeholders, exploring how
they can develop a network of innovative,
high-performing suppliers is a key step
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