Nanonets

DECEMBER 19, 2023

  💡 According Gartner: “ Sourcing and procurement leadership must invest in supplier risk management, digitalization, future of work and post pandemic recovery. They enable your company to keep track of vendors and ensure best practices in global supplier management. 

Request for Information 52

Request for Information RFP Best Practices Risk Management 52

Nanonets

FEBRUARY 15, 2024

They send out Requests for Information (RFI) to gather initial data on suppliers' capabilities and compliance with industry standards. Risk Management and Contingency Planning: Action: Developed a risk management framework identifying critical components and establishing alternative suppliers and safety stock levels for each.

Finance 52

Finance RFP Agreements Automation 52

Nanonets

SEPTEMBER 22, 2023

Risk Mitigation and Management Risk mitigation and management are crucial elements of successful vendor selection. In this section, we will examine the importance of identifying and mitigating risks associated with vendors, along with effective strategies and best practices.

Risk Mitigation 40

Risk Mitigation Mitigation Risk Assessment Assessments 40