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A Corcentric Company.

April 15, 2020

Managing Procurement Risk in Highly Regulated Sectors

Managing Procurement Risk in Highly Regulated Sectors

For businesses in highly-regulated industries, compliance, transparency and risk management are mission critical. Especially now.

The list of industries that are becoming more regulated are growing by the year. On top of the more traditional industries like healthcare, banking, and manufacturing, we are seeing e-commerce and data processing companies have to tighten up how they do business. As our report with Supply Management Insider illustrates, all of these point to a need for greater visibility and control into your company’s procurement operations. Something that’s especially true — and potentially more difficult — during periods of severe business disruption. Continue Reading

March 19, 2020

A Closer Look at the IACCM Third-Party Risk Management Report

A Closer Look at the IACCM Third-Party Risk Management Report

The challenges and solutions of effective TPRM.

Organizations today and in the future will have to gain more visibility into their supplier information. Data is coming from everywhere – spend, supplier contracts, and other third-party information – and it can overwhelm procurement departments. Part of building a third party risk management strategy (TPRM) includes gaining visibility into where the risk is coming from, and building a strategy to help mitigate it.

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