Businesses don’t function without the suppliers who support them. They are increasingly reliant on third-party providers to access non-core competencies, address labor shortages, streamline operations and stay competitive. However, too few companies sufficiently scrutinize prospective suppliers to ensure they are not only up to the task, but have the fiscal integrity to deliver the work and a robust work history that demonstrates they have delivered on time, to their estimated cost and met clients’ quality standards.
In this white paper, produced in partnership with Supply Management Insider, we explore:
- A collaborative, integrated approach to evaluating and managing suppliers
- How stakeholders use a ‘community’ approach to procurement
- How to increase the chance of success and reduce the likelihood of risk in third-party contracting
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