Clashing Priorities: Vendor Diversification vs Efficiency and Vendor Risk Management
Sourcing Advisors Group
OCTOBER 27, 2020
Tier 1 suppliers) and most have virtually no visibility into the remaining base, which typically account for 90%+ of all suppliers and at least 50% of the total vendor spending. Third : engage business stakeholders to optimize “raw materials” purchasing, while improving quality of service and right-sizing preferred vendor universe.
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