Know supplier contracts, know your supply chain

June 15, 2023

As contracts form the foundation of supply chain relationships, the obligations and agreements contained within them play a critical role in ensuring the efficient flow of goods and services, as well as protecting enterprises from supplier risk. Supply disruption caused by a global pandemic highlighted the importance of having a deep understanding of the business’s contracts, including obligations, supplier assessments, and supplier options in times of crisis. Today, there is a growing need for compliance insights to mitigate risk to deliver more effective contract management.

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