Remove Ethics Remove Procurement chain Remove Risk management
article thumbnail

Essential Procurement Skills for the Leaders of Tomorrow

Skill Dynamics

Its also vital that you effectively manage supplier contracts to reduce risk and maximize supplier value. Rights and responsibilities should be outlined clearly from the beginning to set expectations, with proactive risk management occurring continuously to mitigate any risks that arise with individual suppliers.

article thumbnail

Building a Procurement Strategy Roadmap for Success

Skill Dynamics

An increasing focus on areas such as sustainability — driven by both regulatory and consumer pressure — is forcing procurement strategies to change. Environmentally friendly practices, such as ethical sourcing or moving towards net zero, are now not just preferred but expected.