Procurement Compliance
Governance, Risk Management and Compliance (GRC) Book 7
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Procurement is the share of an organization's purchasing that is contracted and approved based on an established set of guidelines. Compliance is an essential part of an organization's risk management strategy. It ensures that suppliers, buyers, and employees stick to the terms laid out in their contracts, protecting the organization from fraud, corruption, and maverick spending. In recent years, most organizations focus their procurement operations on improving business agility, efficiency, and cost savings.
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