#24 5 Best Practices to Turn Procurement into a Pillar of Financial Stability
Jul 12, 2024•24 min
Episode description
In this episode, Daniel Casselli outlines five best practices to make procurement a financial stability pillar. He stresses procurement's role in tough financial times and covers its four core pillars: strategic sourcing and cost management, policies, compliance and risk management, technology and data, and stakeholder engagement. The best practices are: revisiting the purchasing policy, listening to data, developing supplier relationships, standardizing and consolidating, and measuring performance.
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