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Guide to Contracting and Contract Bidding
Landing a contract with another company can help your business grow and get wider distribution for your products or services. But there’s a lot at stake for the proffering company and many factors go into their decision-making, so winning those contracts can be tough. Often business owners may never even learn why they were passed up for a contract. Fortunately, there are ways to help influence how your business is perceived during the bid process.
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.
Businesses of all sizes are tasked with navigating a complex regulatory environment governed by state and federal guidelines. Adhering to financial regulations, anti-corruption laws, and other rules is often costly, but violations can result in severe penalties. Learn about compliance risks facing businesses and how risk managers seek to mitigate these threats.
Basics of Business Credit
Business credit refers to the collection of scores, ratings, and other indicators commonly used by lenders, suppliers, customers, and other partners to quantify the risk of working with a company. To help you better understand business credit, we’ll walk you through the basics and how you can use business credit to help grow your business.
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.