In this edition of SpendBytes, we explore the risks procurement is exposed to, and also look into the challenges that organizations face while implementing third-party risk management (TPRM). The edition also features an interesting read on why traditional approach to mitigating procurement risk may not be adequate anymore.
Though all organizations have some degree of TPRM Program implemented, just about 10% of the organizations are confident on efficacy of these programs.Read More
Rapid shift from traditional procurement methods to a technology-led model is helping organizations mitigate risk emerging from supply chain network and related aspects.Read More
Understanding of risk is not just essential to build resilient supply chains, but also to have greater adaptability towards innovation.Know More
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