Supplier Lifecycle Management: Measuring Performance while Mitigating Risk

As a result of increased pressure to enhance control of supplier relationships, procurement executives today are beating the drum for their organizations to improve their supplier management efforts. However, the drum beat is not isolated to procurement, but is also coming from several other areas in the organization such as finance, supply chain and the sustainability office. Based on the supplier challenges facing organizations of all industries and of all sizes, organizations that can distinguish themselves as Best-in-Class are able to establish a 360-degree view of the supplier lifecycle through improved process and technology approaches.

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