How to optimise vendor management in procurement to drive strategic objectives |
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Vendor management is vital for longevity and survival in today’s business environment. Vendor management in procurement has several aims and benefits that are reflected in strategic objectives. There is an important link between vendor management and strategic objectives and to derive the ultimate benefits, this must be recognised and aligned with each other. Since vendor management places a particular focus on constant improvement, there are several ways a business can improve vendor management practices. |
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