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Procurement officers are tasked with building reliable supply chains. In addition, changing consumer sentiment and government regulations have brought unprecedented attention to supply chain practices. Business data can help companies manage supplier relationships and comply with ethical sourcing laws. Learn about important supply chain topics, including human trafficking, and how procurement officers manage these risks.
Supply Chain Management
Supply chain management is a multifaceted discipline that must take many concerns into account. Businesses identify and onboard vendors, mitigate supply chain risks, and monitor performance. Software can help procurement officers assemble and analyze information on vendors with an eye towards preventing supply chain disruptions. Learn more about supply chain management in the content below.
Financial & Credit Risks
Financial risks strike at the heart of a business, starving it of resources and hampering cash flow. Financial risk can appear in many forms – from customers who fail to pay for their purchases, suppliers who fail to ship inventory, and even the company’s own business strategy, if risky decisions are made. Learn about financial and credit risks and how data enables companies to more accurately assess the threat posed by other businesses.