Question: a) How does procurement contribute to managing corporate risks? b) Do long term contracts present less, equal or more risk to buying organization thank short

a) How does procurement contribute to managing corporate risks?

b) Do long term contracts present less, equal or more risk to buying organization thank short term contracts?

c) A popular measure in purchasing cost down programmes is to reduce the number of suppliers. What would you consider the most important benefits related to supply base reduction? What major obstacles may you expect that may come from your own company if you are going to reduce the number of suppliers? Discuss.

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