How CI improves competitiveness
Competitive intelligence (CI) is the process of staying informed about your industry’s competitors. It is important to your company’s success because it provides insight into the strategies, strengths, and weaknesses of your competitors.
Supplier Risk Management and Compliance
Supplier risk management and compliance are two critical functions of procurement. These processes ensure that vendors meet certain standards before they’re allowed to work with your organization and that they continue to do so over time. These functions also help you identify any risks posed by suppliers as well as the consequences of a breach.
Managing ESG versus GRC
In today’s digital world, businesses must constantly monitor their risks and opportunities in relation to stakeholder concerns. As a result, most organizations have made enterprise risk and compliance (RC) management a top priority. To remain competitive in this challenging environment, businesses are implementing an integrated risk management strategy across all aspects of their operations.
