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How to build a successful risk mitigation strategy

IBM Services

While plans will vary by necessity, here are five key steps to building a successful risk mitigation strategy: Step 1: Identify The first step in any risk mitigation plan is risk identification. Bring in stakeholders from all aspects of the business to provide input and have a project management team in place.

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Vendor Analysis: What Is It, Process, Types, and Best Practices

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Vendor analysis is crucial for risk management. In this blog post, we’ll explore vendor analysis, its underlying processes and types, and best practices when implementing this critical tool in your organization.

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11 Cost Reduction Strategies in Procurement

Obobo

In this blog post, we are going to examine 11 effective cost reduction strategies in procurement. To achieve this, companies can implement various cost-reduction strategies, such as optimizing supplier relationships , centralizing purchasing, leveraging technology solutions, and conducting spend analysis.

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The EU’s Corporate Sustainability Reporting Directive explained

IBM Services

CSRD will be mandatory for all large European companies and companies listed on the EU regulated markets, including EU subsidiaries of non-EU parent companies. CSRD is mandatory for all large European companies and those listed on the EU-regulated markets, including EU subsidiaries of non-EU parent companies.