Risk Management & Compliance

Sourcing, Purchasing & Contract Management are part of the day-to-day operation of any organization. All, however, carry risk. Lack of control and visibility into these activities can come at a high cost. Because of the many pitfalls, risk management and compliance considerations should be an integral part of your procurement process.

Risk management includes the processes of identifying the risk, quantifying the risk, assigning responsibility for the management of the risk, and mitigating the risk. There is an urgent need to ensure compliance with corporate policies.