Question: Why is Procurement Management important? Please provide with a practical example based on your personal experience. Why is it important to measure and monitor the

Why is Procurement Management important? Please provide with a practical example based on your personal experience. Why is it important to measure and monitor the supplier performance over time?Why is it important to include labor and human rights in supply management? Briefly discuss whehter it is easy or not to monitor supplier's violation of labor and human right, and why? Why are the impacts of increasing worldwide risks on supply management and the need to work closely with suppliers and other functions? Why?

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