How Far Should You Push the Boundaries in Accelerating Risk Decisions?
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How Far Should You Push the Boundaries in Accelerating Risk Decisions?
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A classic procurement conundrum: thoroughness vs. speed.
When contracts get hung up in procurement, it slows down business operations. Yet, evaluating vendors for the potential new risks they are introducing is time-consuming, not to mention cumbersome. How far do you push the boundaries– should you move on from vendors who don’t comply with your assessment requests in a timely manner? Would you use predictive risk data to evaluate vendors and accelerate your decision?
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