GRC and Supplier Management: Clearing up the Confusion [PRO]

The ability to address “risk” in all its multi-faceted glory is found in so many tools. Within procurement, we can address it in spend analytics, sourcing, vendor selection, ongoing supplier development management, contracts – including content and management process, policies, performance management, audits, CRM, regulations, product content, multi-tier and other third party content, and much more. We don’t see GRC solutions (and the types of people typically managing them) as capable of addressing this spectrum for procurement, at least not at this level.

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