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. MANAGING VENDOR RISK WHAT IS THE ROLE OF PROCUREMENT? What is the role of procurement in managing vendor risks? Supply chain disruptions, increasingly sophisticated cybersecurity attacks and more aggressive regulatory controls over the past decade have brought increased attention to the role of procurement in facilitating vendor risk management. For most organizations, there is an implicit understanding that procurement has a responsibility for helping to manage vendor risk. However, from an operational perspective, the nature and purpose of this role is often either poorly defined or misunderstood. At the most fundamental level, procurement departments create business value by helping to obtain goods and services in response to internal needs at the right price, from the right source, at the right specifications, in the right quantity for delivery at the right time. The intelligent management of risk is essential for optimizing each of these value drivers in today’s business environment. This report provides a framework consisting of eight key topics that will help you define the role your procurement department can play in proactively managing vendor risk to enhance the strategic value that procurement creates for the enterprise. Download Now I would like to receive information from suppliers sponsoring this content and willing to share the information above with Coupa. Please note by accessing this content your details may be passed onto the advertiser for further communication as required. The subscriber also permits the advertiser to follow up with their communications by email, phone, or letter. Copyright © 2022 TechsterHub.com, All Rights Reserved. Manage Preferences | Privacy Policy. This message was sent to betty@ebooksidea.com by betty@ebooksidea.com 2707 County Line Road, Dunedin, FL, 34698, United States, Dunedin, FL, 34698, FL, 34698 Unsubscribe | Manage Subscription