How A Sourcing Buyer Optimized A Company’s Food Program

Published July 11, 2023

Category: Supply Chain

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Mastering Supplier Risk Management: How to Build More Reliable Suppliers

In the intricate business world, managing supplier risk is critical to ensuring smooth operations and protecting the bottom line. A robust Supplier Risk Management (SRM) program can help businesses mitigate potential risks and build stronger, more reliable relationships with suppliers. This article will delve into the three main components of an effective SRM program: Supplier Segmentation, Supplier Qualification, and Ongoing Compliance Monitoring.

 

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