Supplier Compliance from Procurement Lexicon

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Click here to download Procurement Lexicon, https://blog.fhyzics.net/procurement-... • Supplier Compliance is the adherence of suppliers to the rules, standards, regulations, and contractual obligations set forth by a buying organization. It involves ensuring that suppliers meet all the requirements specified in their agreements, including quality standards, delivery schedules, safety protocols, ethical practices, and legal regulations. Supplier compliance is essential for maintaining product quality, ethical conduct, and overall supply chain integrity. Monitoring and enforcing compliance helps mitigate risks, reduce disruptions, and build trust between the buying organization and its suppliers.

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