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How strategicsourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Supplier risk is always there, but using various riskmanagement strategies can help you minimize the impact. What to Do About It Always insure your shipments against loss, to give yourself a safety net.
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In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategicsourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.
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