The Role of Blockchain in Procurement
Blockchain enhances procurement by improving transparency, traceability, and trust. With smart contracts and secure records, it streamlines processes, reduces fraud, and builds stronger supplier relationships.
Blockchain enhances procurement by improving transparency, traceability, and trust. With smart contracts and secure records, it streamlines processes, reduces fraud, and builds stronger supplier relationships.
Effective supplier risk mitigation in global manufacturing involves diversifying the supplier base, using advanced risk assessment tools, strengthening collaboration, optimizing inventory, and leveraging real-time technologies. These strategies help ensure business continuity and operational success.