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In this macroeconomic climate, whether you are a product or a services company, your key suppliers may find demand for their own products and services falling at an alarming rate. Unknown to you, such suppliers may have become financially unhealthy. Operating in such an environment, your business operations can be disrupted unexpectedly by the failure of one supplier and can cause significant harm to you. As a result, procurement organizations, which have historically focused on securing products and services of the best quality at the lowest possible cost for their operations, are also being tasked with evaluating, monitoring, and managing the risk from the supply base.
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