To ensure uninterrupted supply of purchased product or service it is necessary to develop a secure and robust supplier base and to be aware of any potential bottlenecks.
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Start by carrying out product and supplier risk assessments including the financial security of suppliers and prepare a Procurement Continuity Plan which in turn will contribute to the Corporate Business Continuity Plan which many businesses develop. The increased knowledge of the supply chain will go some way towards providing peace of mind or highlight where urgent action is required.
To make maximum use of the purchasing power in the business we need an extensive purchasing toolbox and expert hands on the tools