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Our supplier riskmanagement team also sits outside of the corporate procurement department. This could be anyone from informationtechnology support, legal, supplier riskmanagement, and even the supplier outside the company running the engagement. learn more. .
Procurement savings refer to the cost reductions that are achieved by a company when it purchases goods and services through a strategicsourcing process. By adopting best practices such as spend analysis, supplier management, and e-procurement , companies can save money and increase efficiency. What is Procurement?
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