In recent years more organizations have begun to see contractors and suppliers as valuable business partners intrinsic to driving service and product innovation. For many companies, especially those operating in highly regulated industries, managing compliance in-house for all of these suppliers can be burdensome. But the cost of non-compliance — in the form of penalties, fines, productivity losses, settlement costs, and inefficiencies — is ruinous.
Download this white paper to learn:
- The hidden costs of ignoring contractor management
- Best practices towards holistic compliance and governance
- The cost of different contractor management systems
- How to get the highest ROI in your supply chain
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