Consider how initiatives such as supplier risk, supplier diversity and supplier development tie together and should not be treated as separate. In the case of recession and/or restricted bank lending, smaller suppliers are likely to be hardest hit and can also create greater supply risk. By making the case for all three of these initiatives together, procurement leaders can close the loop to drive better outcomes rather than just silo-based investment.
Can Supplier Management Be Saved? The Problems With SIM, SRM and Risk Management (Part 2) [PRO]
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