How to mitigate risks in entrusted procurement? |
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tisce
Senior Member Joined: 07 Jul 2023 Status: Offline Points: 966 |
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Posted: 18 Feb 2024 at 4:18pm |
To mitigate risks in entrusted procurement, the principal should rigorously screen suppliers to ensure their good reputation, capability for timely delivery, and undergo comprehensive compliance audits of the procurement process. Additionally, the principal should enhance internal management, establish robust information protection mechanisms, and implement a procurement process monitoring system.
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